Business
Bitcoin Jumps 12% as Trump’s Election Odds Rise
Bitcoin has jumped 12% recently as Donald Trump’s odds of winning the presidential election have risen since mid-September. Many investors are excited about the idea of Trump, known for his support of cryptocurrencies, becoming president, believing it could benefit the crypto market. Currently, Bitcoin is trading at $66,857, close to its all-time high.
Trump’s odds hit a low on September 18 but have since improved, making him more favorable among bettors than Kamala Harris. Investor Stanley Druckenmiller noted that the market seems confident in a Trump win, which is also affecting bank stocks and cryptocurrencies. Analyst Gautam Chhugani predicted Bitcoin could reach $90,000 if Trump wins, as the election results could greatly impact the crypto industry.
However, while Trump’s betting odds have increased to 62%, recent polls show the election is still very close, with no clear favorite. This difference has led to speculation that a single large bettor may be trying to influence Trump’s odds by placing significant bets on platforms like Polymarket.
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
MTN has moved closer to acquiring IHS Holding, following shareholder approval of the proposed takeover, marking another major milestone in the transaction.
The approval was secured during the Extraordinary General Meeting (EGM) held on 4 August, allowing the deal to progress to the next stage.
If completed, the acquisition is expected to strengthen MTN’s infrastructure capabilities by giving the company greater control over its telecommunications tower assets. Industry analysts believe the move could improve network efficiency, reduce long-term operating costs, and support MTN’s continued expansion across its markets.
The transaction is still subject to regulatory approvals and other closing conditions before it can be officially completed.
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