Author: News Room

US lawmakers have introduced a discussion draft that would ease the tax burden on everyday crypto users by exempting small stablecoin transactions from capital gains taxes and offering a new deferral option for staking and mining rewards.The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, seeks to amend the Internal Revenue Code to reflect the growing use of digital assets in payments. The draft is set “to eliminate low-value gain recognition arising from routine consumer payment use of regulated payment stablecoins,” per the draft. Under the draft, users would not be required to recognize gains…

That’s a wrap! Taylor Frankie Paul has finished filming her season of The Bachelorette — and she can’t wait for fans to see it. “And that’s a wrap,” Taylor, 31, revealed via Instagram on Saturday, December 20. “I never experienced anything like this.” Bachelor Nation fans got some behind-the-scenes photos in Taylor’s post, including a sneak preview of her promo shoot. There was even a hilarious shot of Taylor flipping the double middle finger during an interview session. “Can’t wait to talk all about [The Bachelorette], share it, show it,” the Secret Lives of Mormon Wives cast member teased. “Such…

The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to ensure uninterrupted use of foreign-issued payment cards across ATMs, point-of-sale (POS) terminals and online platforms nationwide. The directive, contained in a Thursday circular issued by the CBN’s Financial Policy and Regulation Department and signed by its Director, Rita Sike, is expected to improve access to funds, security and user experience for tourists and Nigerians returning from the diaspora. “In furtherance of ongoing efforts to facilitate access to funds and convenience, security, and user experience in foreign card usage for diasporans and tourists visiting Nigeria, all banks…

The Transmission Company of Nigeria (TCN) on Saturday said it has removed illegal structures encroaching on its transmission line Right of Way (RoW) in some areas of Enugu State. The company said that the removal of the structure was part of ongoing efforts to protect critical power infrastructure and ensure public safety. TCN’s General Manager, Public Affairs, Ndidi Mbah, disclosed this in a statement in Abuja. Mrs Mbah said that the demolition affected fences and other structures erected dangerously close to Tower 31 of the Ugwuaji–Makurdi 330 Kilo Volt (KV) Double Circuit Line at Akpuoga Nike in Enugu East Local…

The National Agency for Food and Drug Administration and Control (NAFDAC) has declared the Indomie Brand Noodles (Vegetable Flavour) product unsafe for consumption and ordered its immediate mop-up nationwide following a safety recall by foreign regulators. In Public Alert No. 041/2025, published on Friday, the agency said French consumer safety authority Rappel Conso of France has issued a recall of the vegetable flavoured Indomie noodles after tests confirmed the presence of undeclared allergens, specifically milk and eggs, on the packaging. Indomie Vegetable Flavour (CREDIT:UBUY) These substances were not listed on the product label, raising concerns that they could trigger severe…

Fifty years of waiting weigh heavily on Morocco’s golden generation. On the eve of AFCON 2025, the message from the Atlas Lions’ leadership is clear: ambition must walk hand in hand with humility. Head coach Walid Regragui and captain Achraf Hakimi addressed the press on Saturday at the tournament’s Main Media Centre, barely 24 hours before Morocco kick off their campaign against Comoros at the Africa Cup of Nations. For a host nation desperate to end a half-century continental drought, the stakes could hardly be higher. Favourites with a warning label Regragui, still revered across Africa after guiding Morocco to…

The Federal Inland Revenue Service (FIRS) has confirmed that a fire incident occurred at one of its offices within its Abuja headquarters on Saturday, days ahead of the January 2026 implementation of Nigeria’s new tax laws. The incident was confirmed by Mr Sikiru Akinola, spokesperson to the Executive Chairman of the agency, Zacch Adedeji. According to Akinola, the fire broke out on the fourth floor of the building and was promptly detected by security personnel on duty. He said swift intervention by the Federal Capital Territory Fire Service, alongside other emergency responders, ensured the fire was quickly contained and prevented…

Former Manchester United boss, Sir Alex Ferguson, has named Brazil as the country to beat in the FIFA World Cup 2026. But he believes that Cristiano Ronaldo-led Portugal is the country that could beat Brazil to win the World Cup. Ferguson sees Brazil, now managed by former Real Madrid manager, Carlo Ancelotti, as one of the favourites for the title. He believes the South American football powerhouse has all it takes to win the World Cup. Ferguson, who dominated the Premier League for many years, told Press Box PR how he worked with Brazilian twin, Rafael and Fabio at Manchester…

Unknown gunmen killed 10 people and wounded 10 others in an attack at a township outside Johannesburg, police said in Sunday, in the second mass shooting in South Africa this month. The motive for the attack at Bekkersdal, 40 kilometres (25 miles) southwest of the city, was not clear, police told AFP. “Some victims were randomly shot in the streets by unknown gunmen,” a police statement said. “Ten people are dead. We don’t have a breakdown of who they are,” Brigadier Brenda Muridili, police spokesperson for Gauteng province, told AFP. The shooting took place near a tavern or informal bar…

Wema Bank, an innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced Chao and VOC AI as the first-place winners of Hackaholics 6.0. The announcement was made at the Grand Finale of Hackaholics 6.0 held in Lagos, Nigeria, on Friday, Chao, an engine designed to help food vendors work smarter and grow effortlessly, emerged as the first-place winner in the Ideathon category, securing a cash prize of N25,000,000. VOC AI, a Voice of Customer software development kit that turns everyday notifications into real-time feedback touchpoints, clinched first place in the Hackathon category. Other winners in the…