Author: News Room

The Ebonyi State security network, ‘Ebubeagu,’ was disbanded by a Federal High Court on February 14 for human rights abuses. Three days later, the state government hinted that the state’s House of Assembly had signed into law another two sets of vigilante outfits. This statement has elicited a range of reactions. EDWARD NNACHI writes The South-East security apparatus, code-named Ebubeagu Security Outfit, was established in Ebonyi State on December 23, 2021, by… Read the full article here

Cristiano Ronaldo says he is “a better man” following his exit from Manchester United five months ago.Ronaldo’s contract with United was terminated following his controversial interview with Piers Morgan where he criticised his former club.He joined Al Nassr at the start of this year for a reported €200 million per year and has scored two hat-tricks as his side are in a battle to win the league against Al-Ittihad.Saudi Arabian Premier LeagueRonaldo hits stunning long-range free-kick… Read the full article here

Today, the SEC announced civil charges against Sun and eight celebrities, including Lindsay Lohan, Jake Paul, and Soulja Boy. In a complaint filed Wednesday, the SEC claims the crypto entrepreneur engaged in market manipulation and the unregistered offer and sale of securities by dealing with his crypto assets TRX and BTT. The celebrities who touted the coin are being charged with not disclosing that they were being paid to do so and how much money they got. “Thus, the public was misled… Read the full article here

US treasury secretary Janet Yellen ruled out a broad expansion of deposit insurance to protect savers with balances above $250,000 in the near term, comments that fuelled another sell-off in shares of smaller American banks. Speaking at a Senate hearing on Wednesday afternoon, Yellen said there could be “reasoned discussions” on whether the current $250,000 limit for insured deposits should be lifted as part of long-term systemic reforms. But the Treasury secretary said that in… Read the full article here

Fully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by the digital currencies could be “significant” in times of stress, it found.The Office of Financial Research study considered a theoretical “stable state” in the financial sector, after stablecoin or CBDC had been successfully introduced. This… Read the full article here

Lea Michele is out of Funny Girl’s next performance while handling her son Ever’s “scary” hospitalization. “I am so sorry but unfortunately I will be out of @FunnyGirlBwy today,” the Glee alum, 36, wrote on Wednesday, March 22, via her Instagram Story. She shared a photo of herself holding her son’s hand with a teddy bear nestled next to them. “We are at the hospital with our son dealing with a scary health issue that I need to be here for.” Michele… Read the full article here

More than 474,000 people globally have leukemia, and acute leukemia is the most aggressive type.In a new clinical trial, of the 60 people with certain types of acute leukemia who took a new drug called revumenib, 30% experienced complete remission of the disease. Researchers are now hoping to carry out phase 2 trials and further studies to confirm these benefits. As of 2020, more than 474,000 people around the world have leukemia — a cancer of the blood. Of the two main types of leukemia, Read the full article here

The Governor of Abia State, Okezie Ikpeazu, has congratulated the Labour Party (LP) governorship candidate in the state, Alex Otti, on his emergence as the governor-elect. The spokesperson of the governor, Onyebuchi Ememanka, disclosed this in a statement on Wednesday night. PREMIUM TIMES reported that Mr Otti was declared the winner of the governorship election in the state on Wednesday. Mr Otti, the LP candidate, polled a total of 172,386 votes to defeat his closest rival and… Read the full article here

Jaiz Bank said it has appointed a new chairman in an acting capacity following the resignation of Umaru Abdul Mutallab from its board of directors. The non-interest bank has endorsed the appointment of Musbahu Bashir as its acting chair subject to the approval of the Central Bank of Nigeria, according to a regulatory filing seen by PREMIUM TIMES Wednesday. Prior to his appointment to the new role, Mr Bashir chaired the bank’s Board Investment Committee, and has been a member of… Read the full article here

For global dominance, Nigerian businesses must look beyond the country’s borders and explore opportunities in other African countries. An opportunity for Nigerian businesses to access a market of over 1.3 billion people and a GDP of over $3 trillion has come to light with Nigeria’s ratification of the African Continental Free Trade Area (AfCFTA) agreement which came into effect in January 2021. As Africa’s largest economy, Nigeria is strategically positioned to be a… Read the full article here