Author: News Room

The US Federal Reserve has withdrawn a 2023 guidance that limited how Fed-supervised banks, including uninsured ones, engaged with crypto, as US regulators continue to pivot positively toward digital assets. The 2023 guidance required uninsured banks to follow the same rules as federally insured institutions, based on the principle that similar activities pose similar risks and should be subject to identical regulation.This prevented uninsured banks from engaging in activities that weren’t permitted for national banks, like crypto services, which automatically disqualified Fed membership because the institution’s primary activities weren’t allowed. Fed says financial system has evolved since 2023The Fed said a…

Rob Reiner and wife Michele Singer Reiner’s son Nick Reiner was arrested for the murders of both his parents. Rob and Michele were found dead inside their California house on December 14, 2025, from apparent stab wounds. The couple was 78 and 70, respectively. Nick was subsequently arrested for allegedly killing his parents but has not entered a plea. He is scheduled to be arraigned on January 7, 2026. “This is a devastating tragedy that has befallen the Reiner family,” Nick’s attorney, Alan Jackson, said in a December 17, 2025, statement. “We all recognized that our hearts go out to…

The Economic and Financial Crimes Commission (EFCC) has arrested five suspected herbalists for allegedly possessing counterfeit foreign currencies valued at $3.43 million and €280,000 in Osun and Lagos states. In a statement signed by its Head of Media and Publicity, Dele Oyewale, on Wednesday, the EFCC said the arrests were carried out on 7 and 8 December at the suspects’ shrines following actionable intelligence and sustained surveillance. Those arrested, according to the commission, are Akingbola Omotayo, Adeola Ogunrinde, Yahaya Amodu, Kubratu Olaitan, and Familola Olaitan. The anti-graft agency said the suspects allegedly defrauded a victim, Halima Sanni, of N26.55 million…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has told international investors that Nigeria remains committed to macroeconomic stability, as the country pursues economic reforms amid global financial uncertainty and persistent domestic pressures. Mr Cardoso spoke on Monday in Washington, DC, at the US – Nigeria Executive Business Roundtable, where he engaged senior business leaders and institutional investors on Nigeria’s economic outlook. He said Nigeria’s reform programme was anchored on rules-based economic management, transparent markets and predictable policy frameworks, which he described as critical to restoring investor confidence. According to him, recent changes in the foreign-exchange market,…

We need to start rebuilding from the bottom all over again. The battle is rural, as I have argued in another intervention. Important as it is to set up forest guards, we need to do much more, starting with reclaiming ourselves, finding ways to lift up those we have left behind, and the communities we long abandoned that have now become ungoverned spaces. We have obviously now found ourselves in that difficult place in which we are not only faced with multiple and interconnected crises, but an ever-evolving violent extremism that has been metastasising and changing in form as it…

The Oniru of Iru Kingdom, Abdulwasiu Omogbolahan Lawal, CON, Abisogun II, has partnered with the Lagos State Government to launch a new platform to structure engagement among culture, commerce, and community development in Iruland. The initiative, announced on Tuesday in Lagos, comprises the Iru Business Network and the maiden edition of the Oniru Business & Cultural Day, a flagship event scheduled for 14 February 2026. It is being implemented in collaboration with the Lagos State Ministry of Commerce, Cooperatives, Trade and Investment, under the leadership of Folashade Kaosarat Bada-Ambrose. Speaking at the press conference at the Iru Palace Grounds, Victoria…

For the second time this year, Nigeria’s finest between the sticks, Chiamaka Nnadozie, has watched a global honour slip through her fingers, not for lack of excellence, but in the unforgiving margins of elite football recognition. On Tuesday night at the Fairmont Katara Hall in Doha, Qatar, Hannah Hampton was named FIFA Best Women’s Goalkeeper, edging out Nnadozie in a tightly contested field. The ceremony also crowned Gianluigi Donnarumma as the men’s winner. For Nigerian football followers, the announcement felt familiar and frustrating. A familiar outcome on a bigger stage Nnadozie was one of seven goalkeepers shortlisted for the 2025…

The 2023 presidential candidate of the Labour Party, Peter Obi, has called for declaration of emergency on workers’ welfare and youth unemployment. Obi made this call in a statement posted on his verified X handle on Wednesday. He said that Nigerian workers’ wages have become grossly inadequate to sustain even a modest standard of living. The former Anambra state governor added that earnings no longer cover basic necessities such as food, housing, transportation, education, electricity, water, and healthcare. “I read with concern the statement by Nigerian workers, represented by the Nigerian Labour Congress, NLC, lamenting the grave survival challenges facing…

The National Treasurer of Accord Party, Chief Abdulazeez Oyeniyi Salaudeen, has declared that the party held a lawful primary election in Osun State on December 10, 2025. He explained that the primary was conducted in compliance with the Electoral Act, 2022, and under the supervision of the Independent National Electoral Commission, INEC, with Governor  Ademola Adeleke as the sole aspirant for the governorship seat. The national treasurer, who stated this at a press briefing in Minna, disclosed that the party conducted a full election with 150 accredited delegates, with Adeleke securing 145 valid votes, while five ballots were voided due to…

Three suspected armed bandits have been arrested by the Kwara State Police Command. State Police Commissioner, Adekimi Ojo, disclosed this to journalists on the sideline of police security summit, organized by the command in Ilorin on Wednesday. He revealed that police operatives also recovered 54 AK-47 rifle ammunition from the suspects. The suspects were arrested at Banni axis in Baruten Local Government Area of the state. Adekimi, assured residents of the state that many suspects have also been arrested and being profiled presently. He described security as everybody’s business because, security agencies alone cannot do it alone, adding “we need…