Author: News Room

The Bank of England’s Digital Pound Lab is testing whether stablecoins and a potential digital British pound can operate within the same cross-border payment flow as part of an experiment focused on trade finance.The experiment involves NOBO Finance, Dun & Bradstreet and Polygon Labs, with an exporter receiving an advance via a stablecoin rail while a UK importer completes settlement using simulated digital pounds, according to a Wednesday announcement from the three companies.The project also includes a separate workstream aimed at creating reusable credit profiles for small businesses by combining transaction data, open-finance information and Dun & Bradstreet’s commercial risk…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Nothing earns a spot in a carry-on faster than an easy-going travel dress you can wear almost anywhere. Whether you’re catching a flight, wandering a new city or heading straight to dinner after checking in, the right style makes you look polished without sacrificing comfort. Bonus points if it barely wrinkles! We rounded up the most chic yet relaxed travel dresses Amazon has to offer. From casual T-shirt dresses to elevated waist-defining styles, these picks are made to keep you…

In its sustained effort to reduce maternal and child mortality in the state, the Abia State Government has deployed a digital application called CYTrack to identify, monitor and manage high-risk and teenage pregnancies across the state. The Commissioner for Information, Okey Kanu, disclosed this on Monday, 10 August, while briefing journalists on the outcome of their Executive Council meeting, which was presided over by Governor Alex Otti. This is contained in a statement issued on Tuesday by Ferdinand Ekeoma, the special adviser on media and publicity to Governor Otti. According to the commissioner, the application, which the State Ministry of…

The Central Bank of Nigeria (CBN) has removed restrictions on banks’ access to its Standing Lending Facility (SLF) arising from participation in the Nigerian Foreign Exchange Market (NFEM) and primary auctions of government securities. The apex bank disclosed the changes in a circular signed by CBN’s Acting Director, Financial Markets Department, Okey Umeano, on Wednesday. The review followed an assessment of developments and existing market practices in the foreign exchange, money, and fixed-income markets, as well as the frameworks governing access to the SLF, Tenored Repo Operations, and participation in Open Market Operations (OMO). The apex bank said the existing…

Nigerian TikToker Habeeb “Peller” Hamzat has expressed frustration over his family’s growing presence on social media, days after his wedding to fellow content creator Amadou “Jarvis” Aminata. Speaking during a livestream on Tuesday night, the 21-year-old complained about his parents’ conduct at his white wedding and also reacted to a viral video purportedly showing his father sharing a hotel bed with another man. Peller said the attention surrounding his family had become overwhelming, claiming that his parents and siblings had suddenly become active subjects in social media conversations. “I don’t know what’s wrong; all my family members are now on…

Nigeria’s crude oil production fell by four per cent month-on-month in July, but the country still met its Organisation of Petroleum Exporting Countries quota for the third consecutive month, latest data from the Nigerian Upstream Petroleum Regulatory Commission has shown. The commission’s latest production figures showed that Nigeria pumped an average of 1.505 million barrels per day of crude oil in July, slightly above its OPEC quota of 1.5 million barrels per day. When condensate production of about 170,000 barrels per day is included, the country’s total crude and condensate output stood at 1.67 million barrels per day during the…

Google is hosting a Pixel launch event on Wednesday night where it will show off its latest lineup of devices. But you don’t have to wait until then for all the news: We were able to check out the devices ahead of the event and take a look at everything Google’s unveiling, including the latest Pixel phones, new health features on the Pixel Watch 5, and more.Google will be livestreaming the event on Wednesday at 6PM ET / 3PM PT. But if you aren’t able to watch along yourself, you can catch up on all of the highlights from Wednesday’s…

Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data.Key points:Bitcoin ignores good news around US inflation figures as it dips below $63,500.Fed rate-hike odds cool further as attention now switches to Thursday’s PPI numbers.Bitcoin is eroding $63,000 support, the latest market analysis warns.Bitcoin falls despite US inflation data matching expectationsData from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUS stocks were calm after the July print of the US Consumer Price Index (CPI) matched expectations, at 0.1% month-on-month and 3.4% year-on-year.“The index for shelter rose 0.1…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! We love a good comeback story, and bootcut jeans are (finally) making a triumphant return to our closets. The denim style gives Us the best of both worlds: they’re fitted in the waist, hips and thighs and flared at the bottom. The idea is that they comfortably fit over cowboy boots, but these jeans can actually be paired with any shoe and look super sleek. Bootcut jeans are the perfect mix between wide-leg and skinny styles, fitting more tight at…

The House of Representatives deputy spokesperson, Philip Agbese (LP, Benue), has cautioned lawmakers against allowing the National Assembly to be used to advance the interests of external political actors ahead of the 2027 general elections. Mr Agbese, in a statement on Tuesday, said. However, lawmakers had legitimate concerns about the state of the country, particularly insecurity and the implementation of constituency projects; they must be careful about the motives and timing of actions taken in parliament as the elections approach. His comments followed calls to the National Assembly to suspend its recess and resume plenary to address what they described…