Economy
Mushe (XMU) Holds Strong, Terra (LUNA) Continues to Struggle
The crypto arena may be on unstable ground, with the likes of LUNA and BTC struggling, but it could yield great returns for XMU holders.
It’s safe to say that May has been a difficult month for millions of crypto investors around the globe. One look at the current state of play in the cryptocurrency landscape will show that a lot of digital tokens are seeing red. In the worst cases, like Terra LUNA, over 99% of its value has been lost within a matter of days. Yet, despite the widespread problems, some coins like Mushe (XMU) now look even stronger than ever.
Mushe (XMU) stands firm while others crash and burn
The current crypto crash is unlike anything ever witnessed in the 13 years of trading digital coins, and it’s not only LUNA that has seen its value plummet. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) are just three of the big players to see a major slump over the past week. Yet, XMU continues to see growth in its pre-launch phase, rallying from 0.005 to 0.027 per token.
In fact, with over 53 million – and rising – tokens already sold before going public on July 4, experts still predict that Mushe can take on Lucky Block (LBLOCK) to enjoy the biggest launch of any digital coin in 2022. Tokens stemmed from Layer_0 blockchain infrastructure have performed well in the first few months of this year, while many of the best altcoins over the past five years have enjoyed healthy growth in their first 12 months.
XMU has long been touted as one to watch in Q3 and Q4 of 2022. It has been suggested that buying the dip might not be a great strategy, with Oleg Giberstein warning, per Forbes: “Many a novice investor has been burned trying to ‘catch falling knives’. Despite the anticipation that the slump will last, the market should begin to correct itself and rally by July, which may leave XMU as one of the prime candidates to keep growing.
Ultimately, the Mushe roadmap has not been disrupted by the industry’s current problems, thus enabling it to stay firm in the face of a crash.
Major damage to Terra (LUNA) investors
While XMU is aiming to reach every digital wallet, investors of LUNA and other decimated tokens are cutting losses in their millions. Widespread stories of lost life savings have dominated column inches in recent days, while millions of investors have seen their portfolios become far less valuable as a direct result of the situation.
Meanwhile, the fact that the TerraUSD (UST) digital coin has lost its $1 peg is telling. The stablecoin has been linked to the USD but has been hit hard over the past week, resulting in suspended withdrawals from several trading platforms. Similar situations have been seen in relation to other struggling digital assets.
The episode has underlined how volatile the crypto landscape can be and how quickly the top 10 biggest crypto tokens can change. Just as quickly as they can slump, though, digital assets can soar. Mushe (XMU) has cemented its place as one of the most relevant coins during the crash investors can embrace the presale with immediate results.
Learn more about Mushe (XMU)
Official Website: https://www.mushe.world/
Presale Registration: https://portal.mushe.world/sign-up
Telegram: https://t.me/MusheWorldXMU
Twitter: https://twitter.com/Mushe_World
Instagram: https://www.instagram.com/mushe_world/
By Aduragbemi Omiyale
The names of about 100,000 companies registered by the Corporate Affairs Commission (CAC) are about to be deleted for inactivity, especially for failing to file their annual tax returns, Business Post reports.
This information was disclosed by the CAC via a notice signed by its management on Wednesday, July 15, 2026.
The list contains organisations like the Nigeria-Poland Chamber of Trade Invest Ltd, Alariwo of Afrika Ltd, Ovation Sports International, First Union Pension Fund Administrators, Investopedia Limited, Baptist High School Abuja Ltd, and Yobe Aluminium Manufacturing Industries Ltd, amongst others.
In the statement, the commission said its decision to strike off the names of the affected firms from the register aligns with the provisions of Section 692(3) (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.
However, the affected companies can still salvage the situation by filing all outstanding annual returns and regularising their records within 90 days.
“Please note that companies that fail to comply within the stipulated timeline shall be struck off the register without further notice,” it declared, expressing its continued commitment to providing prompt and efficient registration and regulatory services to the satisfaction of its valued customers.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange gained 1.75 per cent on Wednesday, July 15, pushing the NASD Security Index (NSI) up by 74.20 points to 4,316.51 points from 4,242.31 points, as the market capitalisation added N44.54 billion to finish at N2.590 trillion compared with the preceding session’s N2.546 trillion.
During the session, there was an 11.5 per cent rise in the value of transactions at midweek to N72.7 million from the preceding session’s N65.2 million, as there was a 3.7 per cent growth in the number of deals to 28 deals from the previous session’s 27 deals, while the volume of securities slumped by 64.5 per cent to 4.9 million units from 13.7 million units.
At the close of trades, Great Nigeria Insurance (GNI) Plc ended as the most active security by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, with the second spot occupied by Infrastructure Credit Guarantee (Infracredit) Plc after selling 2.3 billion units valued at N6.5 billion, and the third position was taken by Central Securities Clearing System (CSCS) Plc, which exchanged 74.3 million units for N5.3 billion.
GNI Plc also finished the trading day as the most traded stock by volume on a year-to-date basis, with a turnover of 3.4 billion units traded for N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
Business Post reports that the market breadth index was negative yesterday, as there were two price gainers and three price losers.
11 Plc added N22.36 to its value to close at N250.00 per share versus N227.64 per share, and CSCS Plc improved by N7.95 to N90.35 per unit from N82.40 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc lost N1.37 to end at N150.00 per share versus N151.37 per share, UBN Property Plc depreciated by 6 Kobo to N1.75 per unit from N1.81 per unit, and Food Concepts Plc dropped 1 Kobo to close at N2.49 per share versus N2.50 per share.
By Adedapo Adesanya
Pressure on the Naira eased on Wednesday, July 15, as it appreciated against the United States Dollar by 90 Kobo or 0.07 per cent on Tuesday, July 15, in the Nigerian Autonomous Foreign Exchange Market (NAFEX) to close at N1,382.18/$1 compared with the previous day’s N1,383.08/$1.
Also, the local currency gained a further N4.07 against the Euro in the official market to sell at N1,576.69/€1 versus Tuesday’s rate of N1,583.76/€1, but depreciated against the Pound Sterling by N1.71 to quote at N1,856.69/£1, in contrast to the preceding session’s N1,854.98/£1.
At the GTBank forex counter, the Naira lost N1 against the greenback at midweek to close at N1,389/$1 compared with the preceding day’s N1,388/$1, and at the black market, it traded flat at N1,405/$1.
Data from the Central Bank of Nigeria (CBN) showed that interbank FX turnover moderated as trading activities among financial institutions and market makers declined sharply.
Daily FX data released showed that NFEM interbank FX turnover closed the day at $121.727 million, about 50 per cent below the previous record of $243.095 million set on Tuesday.
Official trading records released by the central bank revealed that interbank FX deals among market makers went down from the previous day to 115 from 140.
Inflation news also eased pressure, even if the print dropped marginally to 15.91 per cent in June, a 0.2 per cent reduction from the 15.93 per cent recorded in the preceding month. The month-on-month headline inflation rate in June 2026 was 1.66 per cent, which was 0.09 per cent lower than the rate recorded in May 2026, which came in at 1.75 per cent.
In the crypto market, prices were mixed as some traders banked on softer-than-expected US inflation reports for June, while others say the inflation data is obsolete, given the renewed strength in oil prices, which sparked after fresh fighting in the Middle East.
US inflation had earlier cooled more than expected, sharply reducing market odds of a near-term Federal Reserve rate hike.
Ethereum (ETH) rose by 1.9 per cent to $1,921.62, Ripple (XRP) appreciated by 0.4 per cent to $1.11, and Binance Coin (BNB) also increased by 0.4 per cent to $582.42.
However, Solana (SOL) dropped 1.3 per cent to finish at $77.29, TRON (TRX) slumped by 0.8 per cent to $0.3240, Dogecoin (DOGE) shrank by 0.6 per cent to $0.0741, Bitcoin (BTC) declined by 0.3 per cent to $64,762.28, and Cardano (ADA) lost 0.2 per cent to end at $0.1640, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
