Bitcoin plunged below $60,000 Friday, erasing all post-election gains and marking its sharpest decline since the 2022 FTX collapse. The cryptocurrency shed more than 50% from its record high of $126,080 set in early October 2025, wiping out roughly $2 trillion from the broader digital asset market. Market sentiment hits record lows The Crypto Fear & Greed Index cratered to 5—its lowest ever since launching in June 2023—signaling “extreme fear” across markets. Ethereum tumbled below $1,900, down 38% year-to-date, while total liquidations reached $2.67 billion in 24 hours, with long positions accounting for $2.31 billion. “Bitcoin’s decline resembles a perfect storm…
Author: Abdoulaye Kay
BUA Cement Plc has won the Most Compliant Listed Company award on the Nigerian Exchange Ltd. (NGX) at the 2025 Made of Africa Awards (MOA) hosted by the NGX Group in Lagos on Wednesday. The award recognises the company’s adherence to market rules and corporate governance standards. The Made of Africa Awards celebrate brokers, issuing houses, trustees, fund managers, listed companies and other market participants for excellence in value delivery, compliance and overall market impact. Other award recipients included First Trustees Ltd., which won Best Trustee in terms of deal value, while Legend Internet Plc received the Market Debut Excellence…
The Independent National Electoral Commission (INEC) has registered two new political parties — Democratic Leadership Alliance (DLA) and Nigeria Democratic Congress (NDC) — bringing the total number of registered parties in Nigeria to 21. INEC Chairman, Prof. Joash Amupitan, disclosed this during the commission’s quarterly consultative meeting with leaders of political parties in Abuja. Amupitan said DLA emerged as the only association out of 171 applicants to meet registration requirements, while NDC was approved following a court order. He noted that the associations were assessed in line with Sections 222 and 223 of the 1999 Constitution (as amended), relevant provisions…
Nigeria’s economic activity maintained strong growth momentum in January 2026, with the Central Bank of Nigeria’s (CBN) composite Purchasing Managers’ Index (PMI) rising to 55.7 points, marking the fourteenth consecutive month of expansion. This is according to the latest PMI report released by the apex bank, which shows broad-based improvement in business conditions across agriculture, industry, and services. The index remained well above the 50-point threshold separating expansion from contraction, indicating continued gains in output, demand, and business confidence. Of the 36 subsectors surveyed, 31 recorded growths, underscoring the breadth of the recovery. Sectoral data showed the industry PMI at…
The Emir of Kano, Muhammadu Sanusi II, has underscored the role of traditional institutions in nation-building and good governance, saying he does not require constitutional backing to advise the president or state governors on national issues. Speaking on Channels Television’s Morning Brief, Sanusi said his authority to offer counsel to constituted authorities derives from his position as a leader of the people. “Do I need to be told to advise the President? Do I need the Constitution to tell me that if I think there is something the country needs, I should go to the President and say, ‘Mr President,…
The De Renaissance Patriots Foundation, a socio-cultural organisation of Lagos State indigenes, on Tuesday, paid a condolence visit to the family of the late billionaire businessman and traditional title holder, Otunba (Dr) Isiaka Adekunle Ojora, at their residence in Ikoyi, Lagos. The delegation was received by the head of the children and former First Lady of Kwara State, Mrs Toyin Ojora-Saraki. The Foundation, led by its Chairman, Board of Trustees, Professor Adele Jinadu, presented two documents to the family: a letter of condolence addressed to the Royal Family and presented to the widow, Erelu Oju’Olape Ojora, and a tribute in…
About 55.4% of Lagos State remains without 5G coverage as of Q4 2025, even as deployment steadily improves, according to the Nigerian Communications Commission (NCC). The figures, from the NCC’s Q4 2025 Industry Performance Report, show that three years after MTN launched the first 5G network in Nigeria—followed by Airtel and Mafab Communications—coverage gaps persist in major cities, including Lagos and Abuja. Director of Technical Standards and Network Integrity, Edoyemi Ogoh, noted that where 5G is available, user experience meets expectations set during the spectrum auction, offering significantly higher speeds and better overall performance compared to older technologies. However, the…
Nearly 85,000 bottles of Parodontax Active Gum Health Mouthwash are being recalled after the U.S. Food and Drug Administration (FDA) found that some units may be missing or display incorrect lot numbers and/or expiration dates. The recall affects 16.9-fluid-ounce, mint-flavoured, alcohol-free Parodontax mouthwash distributed nationwide in stores and online by Haleon of Warren, New Jersey. According to the FDA, the affected product should carry lot number 0665363 with an expiration date of August 31, 2027, but this information may be absent on some bottles. A total of 84,764 bottles are included in the recall, which the FDA has classified as…
The United States military on Tuesday shot down an Iranian drone that it said “aggressively” approached the USS Abraham Lincoln aircraft carrier in the Arabian Sea, according to U.S. officials. The incident was first reported by Reuters.The Iranian Shahed-139 drone was flying toward the carrier with what the U.S. military described as “unclear intent” before it was downed by an F-35 fighter jet. U.S. Central Command spokesperson, Navy Captain Tim Hawkins, said the action was taken in self-defence to protect the aircraft carrier and personnel on board. “No American service members were harmed and no U.S. equipment was damaged,” Hawkins…
The Senate on Tuesday confirmed Justice Joseph Oyewole as a Justice of the Supreme Court of Nigeria. His confirmation followed the presentation of a report by the Senate Committee on Judiciary, Human Rights and Legal Matters, chaired by Senator Adegbonmire Ayodele (APC, Ondo Central). President Bola Tinubu had, in January, forwarded a request to the Senate seeking the confirmation of Oyewole’s appointment to the apex court. The request, conveyed through a letter to the upper chamber, was made pursuant to Section 231(2) of the 1999 Constitution of the Federal Republic of Nigeria (as amended). After presenting the committee’s report, Ayodele…