Nigeria’s currency recorded a notable gain at the official foreign exchange market on Tuesday, appreciating to N1,348 against the U.S. dollar. The latest movement reflects a shift in global currency dynamics, as the dollar continues to weaken across international markets. Data published by the Central Bank of Nigeria shows that the naira’s appreciation comes at…
Nigeria’s crude oil production showed a modest rebound in March 2026, offering a glimmer of improvement for Africa’s largest oil producer. However, the country still fell short of its production quota set by Organization of the Petroleum Exporting Countries, highlighting ongoing challenges within the sector. According to the latest Monthly Oil Market Report released by…
The Kingdom of Bhutan has quietly reduced its Bitcoin holdings by nearly 70 percent, signaling a significant shift in its cryptocurrency strategy. Once considered a unique player in state-backed crypto mining, the country has scaled down its position, selling a large portion of the roughly 13,000 BTC it held as of October 2024. Recent data…
Tether, the issuer behind the world’s largest stablecoin USDT, has announced a $200 million strategic investment in creator marketplace Whop, marking a significant push to expand stablecoin payments into mainstream online commerce. The deal values Whop at $1.6 billion, according to CEO Steven Schwartz, who confirmed the investment on social platform X. The funding signals…
Binance founder Changpeng Zhao, widely known as CZ, has reacted with humor to Bitcoin’s latest price drop, joking that he is “poor again” as the cryptocurrency slipped sharply below the $67,000 mark. CZ made the lighthearted comment on social media as Bitcoin extended its losses, reminding followers that he made a similar remark during a…
Nasdaq has taken a significant step toward mainstreaming digital assets by moving to eliminate position limits on options tied to spot Bitcoin and Ethereum exchange-traded funds. In a rule change filed with the U.S. Securities and Exchange Commission, the exchange announced plans to remove the long-standing 25,000-contract cap on ETF options linked to major crypto…
Changpeng Zhao, widely known as CZ and the founder of Binance, has sparked fresh debate about the future of work after suggesting that cryptocurrency could make traditional jobs unnecessary for many people. In a recent statement shared online, CZ argued that rapid advances in artificial intelligence are likely to disrupt millions of jobs worldwide. According…
Binance founder Changpeng Zhao (CZ) has sparked fresh debate in the global crypto space with a bold prediction: governments around the world will eventually print unlimited amounts of money to buy Bitcoin as competition for digital assets intensifies. Speaking on the growing role of Bitcoin in the global financial system, CZ argued that nations are…
Nigeria’s external reserves have surged to $46.7 billion — the highest level recorded since 2018 — sparking renewed optimism for economic stability and improved credit conditions. The milestone was revealed by the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who was represented by the Deputy Governor in charge of the Economic Policy…
Bitcoin, the world’s largest cryptocurrency by market value, faced renewed volatility over the weekend, sliding 1.59% to $93,684 as of 4:21 p.m. ET (3:21 a.m. WAT) on Sunday. However, the digital asset regained some momentum by Monday morning, bouncing back to $95,050 at 7:29 a.m. WAT. The recovery follows a sharp decline on Friday, when…
