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South Korea’s NPS Invests $34M in MicroStrategy for Bitcoin Exposure

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In a notable move for global investment, South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, has purchased $34 million worth of MicroStrategy stock.

This strategic investment aims to gain exposure to Bitcoin through MicroStrategy, a company renowned for its significant cryptocurrency holdings.

The NPS’s decision reflects a growing trend among institutional investors to diversify portfolios with digital assets, highlighting Bitcoin’s increasing acceptance in traditional financial sectors.

This investment further underscores the evolving landscape of global finance, where public pension funds are beginning to integrate cryptocurrency as a viable asset class.


 

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OPay Introduces New Security Features for Customers

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Nigerian fintech company OPay has introduced new security features to improve the safety of its application.

The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.

The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.

The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.


 

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Nigeria’s Agricultural Sector Cannot Thrive Without Investment – FG

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The Federal Government of Nigeria has spoken on the agriculture sector of the country and shared that, in its current state, it needs more capital as it cannot stand alone without it.

They stated that even more capital will be needed in order to transform the agricultural sector and improve food production in Nigeria.

“Relying solely on public capital will not suffice to finance the transformation of Nigeria’s agricultural sector. Similarly, private capital will not be mobilised at the necessary scale unless the associated risks are comprehensively understood, appropriately allocated, and effectively managed.”


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Dangote Refinery Increases Petrol and Diesel Prices

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It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.

It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.

This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.


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