Economy
How to Stake Cryptocurrencies
Staking cryptos is one of the best methods of generating passive income. What is more impressive is that it is pretty easy: you simply lock your coins and wait for rewards. Staking involves holding your coins or tokens in a wallet or exchange over a specific period.
If you can hold your coins for a long time, the rewards will be even higher. However, crypto staking only works with proof of stake (POS) coins, such as (HI).
For a beginner, we must say that the process might look a little complex. This is why we have developed this guide to help simplify the process.
Staking Cryptocurrency: What Does It Mean?
This is the process of locking your cryptocurrencies to help with transaction validation in a selected blockchain network. In return, you get rewarded with a part of the transaction fee paid by users and tokens of the native network.
Crypto staking is done through a node, which is a computer connected to the blockchain network to validate transactions. This implies that staking helps to keep the blockchain network running flawlessly and avoid the risk of errors.
Pros and Cons of Staking Cryptos
Once your coins have been staked correctly, they are used to “mine” the next block to earn some rewards for incentivizing the system. This method is referred to as proof of stake (POS) protocol. The more coins you commit, the higher the chances of getting selected to mine the next block and getting rewarded. Although the reward mainly comes in the form of the same crypto coins, it is also possible to get it in a different type of reward.
Pros
Depending on the crypto of choice, you can earn 5-20% of the staked value per year. We must say that this is not a get-rich-quick method because you need to wait for some time to reap maximum rewards. If you get it right, this is an excellent way to maximize passive returns. Here is a summary of the pros:
- You are able to earn interest on crypto holdings.
- Easy because you do not need specialized equipment.
- Staking means you are helping to secure the crypto network and its efficiency.
- Less energy is required for crypto staking compared to mining.
Cons
When it comes to investing in cryptos, it is advisable to only consider it after understanding how blockchain systems work. For example, the risk of bugs getting into your wallet is always looming. It is because of this that you need to carefully weigh between crypto wallet vs exchange and decide where you will store the coins
Furthermore, it is important to appreciate that price fluctuations can easily result in unexpected losses. For people who store their coins in the exchanges, there is also a risk of hacking or exit scams. Therefore, you must start by comprehensively researching the exchange of choice.
Here is a summary of the risks:
- High volatility raises the danger of losing your coins.
- You are unable to do anything with your crypto coins during the staking period.
- The unstaking period usually takes longer than anticipated.
How to Stake Your Crypto Coins
Many crypto platforms have a fixed payment period. For example, hi pays participants an amount equal to 11% of staked coins every Friday. Other crypto networks have their models of rewarding stakers.
hi Dollar has grown to become one of the leading cryptos that you can stake to generate passive income daily. It is a non-profit banking system and the first cross-platform financial services based on social media chat tools. This means that you do not need to install anything to get started. Simply visit WhatsApp or Telegram to register for an account and start to stake cryptocurrency. Alternatively, you can register on its web app to buy hi Dollars directly.
Here is a summary of the main steps to follow to start staking your hi Dollars.
- Buy crypto that supports staking.
- Transfer the crypto to your hi wallet.
- Confirm receipt in your wallet.
- Enable staking from the wallet.
- Wait to collect the reward every Friday.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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