Author: News Room

Aave’s native cryptocurrency could reach $175 under a one-year base-case scenario as asset managers increasingly apply traditional finance valuation models to decentralized finance (DeFi) tokens, according to a new report by Grayscale Research.The digital asset manager said Aave could generate about $60 million in net income in 2026 and placed the token’s current fair value at $80 to $100. The analysis used discounted cash flows, earnings multiples and comparisons with banks and fintech companies. Aave traded at $75 on Thursday, according to CoinGecko. Grayscale said Aave’s revenue rose more than sixfold between 2023 and 2025, while the protocol operates at…

A fourth celebrity will be lacing up their ballroom shoes for Dancing With the Stars season 35. Jimmy Kimmel announced on the Wednesday, June 17, episode of Jimmy Kimmel Live! that his onscreen sidekick Guillermo Rodriguez is joining DWTS this fall. “This September, Guillermo will become the first-ever parking lot security guard to dance with the stars,” Kimmel, 58, declared. “Don’t lose a single adorable pound! ” Rodriguez, 55, has been working on Jimmy Kimmel Live! for 23 years, having started on the show as a security guard. His quirky chemistry with Kimmel led to an on-air role as a…

The federal government has adopted a domestic financing model for nutrition programmes, signalling a major policy shift as Nigeria seeks to reduce dependence on donor funding amid growing concerns over a global decline in development assistance. The decision was reached on Wednesday at the second high-level meeting of the Nutrition 774 (N-774) Initiative Strategic Board, chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja. As part of the move, the board directed the Federal Ministry of Finance and other stakeholders to activate existing financing mechanisms, including the Presidential Nutrition Intervention Fund (PNIF) and revenues from the Sugar-Sweetened Beverage…

The National Agency for Food and Drug Administration and Control (NAFDAC) says plans are underway to begin the second phase of enforcement against the sale of sachet alcohol nationwide. Martins Iluyomade, Director of Investigation and Enforcement at NAFDAC, disclosed this on Wednesday at a news conference in Lagos. He said the agency had completed the first phase of enforcement, which targeted manufacturers. The News Agency of Nigeria (NAN) reports that the agency began enforcement on the ban of sachet and 200ml PET bottle alcoholic drinks in January. The enforcement, which generated mixed reactions, according to NAFDAC, was necessitated to align…

Oil prices tumbled on Thursday again after US President Donald Trump and his Iranian counterpart signed off on a deal to end their war and reopen the Strait of Hormuz. The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation. However, the upbeat mood on trading floors was tempered by expectations that the US Federal Reserve will hike interest rates before year’s end, after its new boss held his first policy meeting and acknowledged “persistently high prices are a…

Officers of the Akwa Ibom State Police Command have re-arrested a suspected receiver and distributor of stolen mobile phones, Musa Idris, who was found in possession of 34 assorted Android phones and two button phones linked to robbery activities within and outside the state. The Commissioner of Police, Baba Azare, disclosed this while briefing journalists at the Command Headquarters, Ikot Akpan-Abia, Uyo, on Wednesday. Azare also highlighted other achievements of the command within the period, including the enforcement of vehicle registration regulations and a crackdown on false security information. He said the suspect was arrested along the Calabar–Itu Road axis…

The Kwara State chapter of the African Democratic Congress has declared its readiness for the 2027 general elections, insisting that no form of intimidation or adverse judicial action would prevent the party from participating in the polls. The party’s stance was made known in a statement issued on Wednesday by its State Publicity Secretary, Abubakar Basambo, following its State Executive Committee meeting held at its secretariat in Ilorin, the state capital. Speaking during the meeting, the State Chairman of the party, Babatunde Muhammed, expressed confidence in the ADC’s chances in the next election cycle, saying the party remained focused on…

The Central Bank of Nigeria’s ambition to transform its payment ecosystem through biometric-driven and “invisible” transactions may redefine how millions of citizens pay for goods and services, but the bank has warned that the country’s preparedness on data privacy, identity management and consumer protection will determine whether the initiative succeeds. This was highlighted in the Nigeria Payments System Vision 2028, a strategic roadmap designed to build a secure, innovative and inclusive payments ecosystem. Recall that the bank recently launched the Payments System Vision 2028 to build on Nigeria’s progress in digital payments and provide a roadmap for developing a payment…

Super Eagles defender Emmanuel Fernandez has emerged as one of the most sought-after Nigerian players in this summer’s transfer window, with Premier League giants Chelsea and Arsenal among the clubs monitoring his situation at Rangers, PUNCH Sports Extra reports. Fernandez only joined the Scottish club from Peterborough United last summer in a deal worth €2.9m, but he has quickly established himself as one of the standout defenders in the Scottish Premiership. The 24-year-old played a key role in Rangers’ third-place finish last season, contributing five goals in 33 appearances across all competitions while impressing with his commanding displays at the…

Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas with stronger demand. Tether announced its “strategic changes” on Wednesday following a review of user activity, market demand, and the company’s “broader priorities.”Tether said it has decided to focus resources on areas where it is seeing “stronger user demand, deeper liquidity and broader long-term market opportunity,” including its gold-backed digital asset XAUT and other core products across its ecosystem.While stablecoins remain Tether’s core business, the company has shown a growing interest in technology outside stablecoins. Its…