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What is proof of reserves? How exchanges prove they hold your crypto
After FTX vanished with billions in customer money, “proof of reserves” became the phrase every exchange started using. This guide explains what it really proves, what it quietly leaves out, and how to tell a meaningful attestation from a marketing…
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FirstBank Reassignment Bid Crashes as Nestoil, Neconde Move for $1.8 Billion Damages Claim
The attempt by FirstBank and its affiliates to secure the reassignment of the ongoing Nestoil/Neconde litigation has suffered a major setback, with the application report...
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Trump-backed American Bitcoin approves 1-for-15 reverse stock split
American Bitcoin Corp has approved a 1-for-15 reverse stock split after shareholders backed the proposal at the company’s 2026 annual meeting. According to a filing...
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FAAC Disburses N156.84bn To Lagos Local Governments In Q1 2026
The 20 local government areas in Lagos State received a combined N156.84 billion from the Federation Account Allocation Committee (FAAC) in the first three months of 2026...
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CBN Freezes Accounts of 6 Terrorism Suspects, 4 BDC Operators
The Central Bank of Nigeria (CBN) has directed banks, payment service banks and other financial institutions to immediately freeze all accounts, funds and assets linked t...
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CBN orders banks to freeze accounts linked to six terrorism financing suspects
Under the directive, financial institutions are required to immediately screen existing customers, beneficial owners, and all incoming and outgoing transactions against t...
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AAVE price tests 9-month trendline after 17% rebound as breakout hopes build
Aave has rebounded sharply from this week’s sell-off and is now testing a key long-term resistance level after renewed buying, short-covering activity, and fresh op...