A report by De.FI, the security firm that runs the REKT database, has revealed that hackers stole approximately $2 billion in cryptocurrencies through multiple cyberattacks and thefts in 2023.
According to De.FI, the 2023 data is a testament to vulnerabilities and efforts being made to address them.
The report listed top crypto heists recorded...
Russian president, Vladimir Putin has suggested that Yevgeny Prigozhin's plane was brought down by a hand grenade that exploded inside the aircraft while the Wagner leader and his fellow mercenaries were drunk or high on drugs.
The crash happened weeks after Prigozhin, 62, had led a revolt against the Kremlin.
The...
The pursuit of profit is the driving force behind all investments, as every investor wants to turn their money into something profitable and get a high investment return, but safety and liquidity are also very critical in today’s investment climate
FGN bonds are widely considered one of the safest forms...
Emerging report has revealed that Google mistakenly paid a man almost $250,000 without any detailed work for the company.
The man identified as Sam Curry, a staff member of a cryptocurrency company, Yuga Labs, described the payment as baffling on his verified Twitter handle, @samwyco on Tuesday.
Sam tweeted, “It’s been...
The Central Bank of Nigeria has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians without internet-enabled phones can use eNaira for transactions.
The decision by the apex bank to use the USSD as the offline channel for the eNaira was based on an understanding...
The exchange rate between the naira and the US dollar fell to N698/$1 on Thursday morning, 25th of August 2022. This is according to information from several black market forex traders, who spoke to Nairametrics.
Naira fell further against the US dollar from N696/$1 recorded on Wednesday to N698/$1 on...
The Japanese government has asked its sober youth to start drinking more alcohol in a bid to boost the economy.
This is because the younger generation drinks less than their parents, causing a slump in the intake from taxes on drinks.
According to Mail Online, the national tax agency is now...
The Central Bank of Nigeria (CBN), has announced that starting from next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on their mobile phones.
Godwin Emefiele, the governor of the apex bank, stated this at the Grand Finale...
Nigeria has emerged as the most crypto-obsessed nation in the world based on the increasing number of Nigerians searching the Internet for crypto-related trading, the crypto price tracker, CoinGecko, has revealed.
According to the latest CoinGecko survey, the global crypto market crash in April saw most cryptocurrencies lose over 60...
The Economic and Financial Crimes Commission (EFCC) has threatened to arrest Nigerians hoarding dollars and other foreign currency.
The Chairman of the anti-graft agency, Abdulrasheed Bawa made the threat at a meeting with representatives of Bureau De Change operators in Abuja on Friday, August 5.
This follows the anti-graft agency’s ongoing efforts...
The naira, on Tuesday, sustained its momentum at the parallel market, appreciating to N665 per dollar a few days after security operatives raided Bureaux De Change (BDC) hub in Abuja.
The development represents N30 or 4.3 percent gain compared to the N695 to a dollar on Monday.
Currency traders known as Bureaux De Change operators...
Despite damaging economic sanctions imposed on Russia by the West in the wake of the invasion of Ukraine, Russia's economy appears to be doing better than expected as it benefits from high energy prices, the International Monetary Fund (IMF) has said.
The economic sanctions were meant to cut off Russia...
Streaming giant, Netflix say they have lost 970,000 subscribers in the last quarter, a good result for the company who predicted to lose 2 million subscribers.
The news comes as Netflix's stock tumbled more than 65 percent in the past year following customer dissatisfaction over high subscription costs and also...
Banks listed on the floor of the Nigerian Exchange scooped a total of N36.04 billion from account maintenance charges in the first quarter of 2022. This is according to data extracted from the quarterly financial statements of listed commercial banks in the Nigerian stock market.
Zenith Bank, Access Bank and...
Angola has retained its position as the biggest oil producer in Africa for the second straight month.
New data released by the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday, July 12 shows Angola produced more crude oil than Nigeria in the month of June despite Nigeria recording its...
Twitter has sued Elon Musk, accusing the world's richest man of violating his $44 billion agreement to buy the social media platform.
On Tuesday, July 12, Twitter filed the suit in Delaware chancery court to seek a ruling that would order Musk to complete the merger at the agreed price of $54.20...
Elon Musk is formally ending his $44 billion bid to buy Twitter.
In a fresh SEC filing on Friday July 8, Twitter shared a letter it received from Elon Musk’s legal team indicating displeasure with the company’s offered information regarding the level of "spam and fake accounts" on its service.
"Mr....
Twitter's board has reportedly recommended unanimously that shareholders approve the proposed $44 billion saless of the company to billionaire and Tesla CEO Elon Musk.
This was contained in a regulatory filing on Tuesday, June 21, according to ABC News.
At the Qatar Economic Forum in an interview with Bloomberg, Musk listed the...
Revlon, a 90-year-old cosmetics giant, has filed for Chapter 11 bankruptcy protection because of its crippling debt and mounting celebrity competition.
The company has been a mainstay on store shelves since its founding 90 years ago in New York City, overseeing a stable of household names, from Almay to Elizabeth Arden.
Revlon failed...
Twitter investors are suing Elon Musk and the social media platform over the handling of Musk's $44bn take over bid for the company.
The lawsuit alleges Musk violated California corporate laws in different ways.
The lawsuit accuses Musk of "wrongful conduct" as his "false statements and market manipulation have created 'chaos'...
The dollar exchanged at N600 at the parallel market on Monday May 16,
In Uyo, currency dealers exchanged the Naira at N595.00 and sold within the range of N596.00 and N600.00 to a dollar, while Abuja black market dealers at wuse zone 4 said the currency was exchanged at N594.00...
With estimated recoverable resources of 8.2 TCF and 234 MMbbl of gas and condensate respectively, the Ryder Scott Company, has confirmed Innoson Oil & Gas Ltd.’s own findings from a rigorous hydrocarbon exploration campaign it’s been engaged in, in Sierra-Leonean basin since 2020.
A recently concluded independent third party evaluation,...
India shipped out gasoline and diesel at near-record volumes in March, despite being the world’s third-largest oil consumer, as the country took advantage of high profit margins in selling the fuels abroad.
Gasoline exports reached a five-year high of 1.6mn tons, while 3.37mn tons of diesel were exported in March,...
Mark Zuckerberg's Facebook shares suffered a historic selloff in trading on Thursday, Feb. 3, causing him to fall out of the Top 10 rich list.
The Facebook founder’s personal net worth dropped approximately $29.7 billion on Thursday, according to Forbes’ real-time calculations.
By the end of trading, Zuckerberg’s on-paper fortune was estimated...
The value of the cryptocurrency market stood at $1.61 trillion on Saturday, representing 11.8 percent decline over the last day and price crash culminated in a loss of over $350 billion in one day.
This is according to data on CoinMarketCap.
This is coming barely two months after the market value...
The 10 biggest airlines in the United States have warned the government of catastrophic flight disruptions that could occur if 5G is used near airports.
According to the airlines, flight disruptions could occur due to technology interference and that “trade from the land will grind to a halt and cause...
The Lagos Chamber of Commerce & Industry (LCCI) on Friday, Jan. 14, estimated that Nigerian businesses lost N10.72 trillion ($26.1billion) within 222 days President Muhammdu Buhari shut down Twitter operations across Nigeria.
Chinyere Almona, the director-general of LCCI, said in a statement: "In business terms, the cost of the seven-month...
American billionaire investor, Bill Miller has revealed that half of his personal net worth is now invested in bitcoin and other cryptocurrencies, going against his own known advice that investors should allocate just 1%-2% of their portfolios to digital assets.
In a nearly hour-long interview with WealthTrack, the 72-year-old said he first bought bitcoin...
Apple Inc has become the first ever public company to reach $3 trillion in market value after the stock rallied 3% on Monday, Jan. 3, 2022.
On the first day of trading in 2022, the Silicon Valley company's shares hit a record of $182.88 around mid-day.
The tech giant’s rise to...
The latest instalment of the Spider-Man franchise, Spider-Man: No Way Home has become the first pandemic-era movie to make more than $1bn (£750m) at the global box office.
The film also took the title of highest-grossing film of 2021 and over the weekend, global box office earnings for the Spider...
Music mogul and producer, Sean "Diddy" Combs has won the bid to buy back his fashion brand, Sean John.
Diddy won the rights to Sean John for $7.5 million, after a bidding war with 4 other parties. The deal will be finalized this week, barring any objections.
The music producer's initial bid earlier this month in bankruptcy...
Days after Facebook announced that it will charge 7.5% from Nigerian users on each advert placement, Zoom has also followed suit.
Zoom Video Communications Inc. announced on Monday December 13 that it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022.
The company said this is due to...
The European Union has revealed details of a €300bn (£255bn; $340bn) global investment plan, described as a "true alternative" to China's Belt and Road strategy.
China's Belt and Road Strategy is China's mega investment plan where they build projects in different countries and are paid back in form of loans....
Tech company Apple Inc., has reportedly cut production of the iPhone 13 after the demand for the device slumped.
According to Mail Online, many shoppers who originally wanted the phone, the most expensive model at $1,599, are said to have given up as ongoing supply chain issues lead to shortages.
Others...
A painting by iconic Mexican artist, Frida Kahlo has sold in New York for a record $34.9m (£25m).
Kahlo's painting "Diego y Yo" was one of her final self-portraits.
The work depicts a tearful Kahlo with her husband Rivera painted above her eyes.
The artwork auctioned at Sotheby's auction house is now...
The Central Bank of Nigeria has launched eNaira and they are all excited about it. In Aso Rock and the top echelons of the apex bank. But in the streets, in banking halls, on social media platforms, and elsewhere, everywhere people who understand how digital currencies work and who...
Libya has overtaken Nigeria as Africa’s top oil producer after the country's crude oil production fell further last month amid lingering supply disruptions.
In a new report by the Organization of the Petroleum Exporting Countries, it was gathered that Nigeria's oil output fell to about 1.23 million barrels per day in October...
The E-Naira speed wallet has disappeared from the Google Play Store barely 48 hours after its launch, The PUNCH has observed.
However, our correspondent learnt that the eNaira merchant wallet, which is designed for businesses, is still running and has over 10,000 downloads on the Google Play Store made available...
The Central Bank of Nigeria says it has minted N500 million eNaira and has already issued N200 million eNaira to banks.
The digital currency went live Monday after an official launch by President Muhammadu Buhari.
The governor of the top bank at the event disclosed that 33 banks are fully integrated...
President Muhammadu Buhari will unveil the Central Bank Digital Currency (CBDC), known as the eNaira, today, October 25, at the State House, Abuja.
CBN Governor Godwin Emefiele has said the eNaira would operate as a wallet against which customers could hold funds in their bank account.
"The eNaira, therefore, marks a major step...
In this age, one of the best ways by which you can advertise and promote your business is through the internet. Most people now prefer using the internet for marketing and advertising instead of using the traditional methods of marketing. Internet and online advertising provide a platform where even...
The value of Bitcoin has dramatically dropped after China's central bank on Friday, September 24 announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin and ethereum in the country.
China is one of the world's largest crypto-currency markets and 95 percent of crypto mining...
The Central Bank of Nigeria has explained the importance of e-naira, a digital currency it promised to launch in the country by the end of 2021.
According to the CBN, the country's adoption of digital currency would boost cross-border trade and enable the apex bank to formulate better macroeconomic policies.
The...
The Nigerian Naira has hit an all time low in 48 years after trading for 545/$ in parallel markets on Thursday September 9.
Confirming the development, parallel market and bureau de change (BDC) traders disclosed that the Naira is falling rapidly against the greenback.
British pound on the other hand, was trading...
El Salvador will on Tuesday make history as the first country in the world to make Bitcoin an official legal tender, the government announced in a statement on Monday.
In preparation for its adoption, the country has commenced installing Bitcoin ATMs to enable citizens to convert cryptocurrency into dollars and...
Useful Tulips aggregates trading volume from LocalBitcoins and Paxful trading platforms. True trading volume is higher as major trading platforms such as Binance are not covered.
The N14.7bn traded is higher than the N14.24bn traded in June, but lower than the N15.8bn traded in May.
The total amount of bitcoin traded...
The Asset Management Corporation of Nigeria (AMCON) has taken over the major interests in NICON Insurance Limited and the Nigeria Reinsurance Corporation (Nigeria Re) which are assets seized from businessman, Jimoh Ibrahim, over a N69.4 billion debt.
In a statement issued on Tuesday, July 27, AMCON said it is working in partnership...
Elon Musk's Tesla is now worth $630billion after its quarterly profit surpassed $1billion for the first time.
The financial milestone was announced on Monday, July 26. The Palo Alto, California, company earned $1.1billion, or $1.02 per share, in the April-June period.
Tesla earned $1.45 a share in the latest quarter, easily...
Jeff Bezos has stepped down as the chief executive of Amazon 27 years after he founded the company.
The American billionaire, 57, Amazon's biggest shareholder with a stake worth about $180 billion, is being replaced by Andy Jassy, the mastermind behind Amazon’s cloud computing division.
Earlier this year, Mr. Bezos announced...
Nigeria's business Gurus, Dr Mike Adenuga, Dr Tony Elumelu, Alhaji Aliko Dangote and Alhaji Abdulsamad Rabiu, are currently in Paris for the Choose France International Business Summit with World and Industry leaders.
See more photos of the billionaire businessmen at the meeting below
Kim Kardashian has made another accomplishment in her career.
The 40-year-old Keeping Up With The Kardashians star and business mogul revealed on Monday June 28, that her label has been made Team USA’s official loungewear for Tokyo Olympics in Japan. She would be designing the official undergarments, pajamas, and loungewear for...
In a first of its kind move, El Salvador has approved bitcoin as legal tender, the county's president said.
This makes El Savador the first country in the world to adopt a cryptocurrency for everyday use.
Lawmakers in the Central American nation’s Congress passed a bill late Tuesday, June 8, that will eventually allow the...
Nigeria’s leading airline, Air Peace has added another first to its kitty by becoming the first airline to land its aircraft at the Anambra International Passenger and Cargo Airport.
The foremost airline deployed two of its aircraft- an Embraer 145 and a Boeing 737- for the demonstration flights to unveil...
Since inception on October 24, 2014, Nigeria’s foremost airline Air Peace’s determination to ease Africans’ burden of travel by interconnecting various cities across the continent, has continued to intensify.
With a varied fleet (Embraer, Boeing and Dornier) of 28 aircraft (with a firm order for 13 brand new Embraer 195-E2 Jets, 2 have been delivered), Air Peace keeps...
Amazon, an American multinational technology which focuses on e-commerce, cloud computing, digital streaming and artificial intelligence, has announced that it will be opening its African headquarters in South Africa with a real estate investment of over $279 million (R4 billion).
The 15-hectare parcel of land is located at a new development in River...
Automobile giants, Hyundai and KIA are reportedly set to establish assembly plants in Ghana.
Ghana's Minister of Trade and Industry, Alan John Kyerematen who made the announcement, said Hyundai and KIA will be establishing the assembly plants in the West African country by the end of 2022.
They will be joining Toyota-Suzuki, Nissan, Kantanka,...
