Author: News Room

The window for the US Congress to pass a comprehensive market structure bill on cryptocurrencies is closing, with the Senate set to go on recess in a matter of days, and lawmakers still have not announced clear plans to vote on the legislation.In a Wednesday X post, Senator Cynthia Lummis said she anticipated that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before the chamber breaks for its month-long August recess. The Wyoming lawmaker has been one of the biggest proponents for the crypto bill, which has split many members of Congress and industry leaders over…

The Challenge: Cutthroat is going to bring drama, competition and maybe even some red hot romances. “Here’s what I will say. I would have thought that the people who had been on Love Island would have actually been better at being in showmances, but they left a lot on the table, and it was up to us,” Johnny Bananas exclusively shared with Us on Monday, August 3, when teasing the new season. “I don’t want to say us — some or maybe one wild vet — to teach them how Challenge showmances were. Josh Goldstein, Leo [Dionicio]! In the official…

Residents abducted during the deadly terrorist attack on Woro in Kaiama Local Government Area of Kwara State have regained their freedom. This was announced on Wednesday in a brief statement posted on the official Facebook page of the state government, which praised President Bola Tinubu, security agencies and all those involved in securing the victims’ release. Authorities have yet to disclose the number of victims released, the circumstances surrounding the development, or whether any conditions were attached to the release. “Woro kidnap victims regain freedom,” the statement read. “Alhamdulillah and kudos to President Bola Ahmed Tinubu GCFR, security forces, and…

The Vice Chairman of the Airline Operators of Nigeria (AON) and Chairman of Air Peace, Allen Onyema, has warned that several domestic airlines could cease operations within the next 30 days unless the Federal Government urgently intervenes in the challenges confronting the aviation industry. Mr Onyema said the industry is facing an existential crisis driven by high operating costs and multiple financial obligations. He spoke on Wednesday in Lagos at the launch of Pathways, Pilgrimage & Destiny: The Biography of Alhaji Muneer Bankole, the biography of the founder of Med-View Airline. “Going into aviation is not a piece of cake.…

Dr Segun Osoba Dr Samuel Olusegun Osoba, in his residence in Ijebu Ode, Ogun State, on Thursday, 14 May, joined his ancestors at the age of 92. He obtained his first degree in History at the University of Ife, Ile-Ife, Nigeria, and a doctoral degree at the Moscow State University. He taught History for a quarter of a century at Ife from 1967. Professor Toyin Falola, an ex-student of Osoba, wrote that his “distinctive intellectual and human attributes” and his “love for history was contagious, and his ability to make complicated historical events comprehensible to his students, despite the embedded…

Many social media users have rallied behind Peter “Mr P” Okoye as his renewed public dispute with his twin brother, Paul “Rudeboy” Okoye, and their elder brother and former manager, Jude Okoye, continues to dominate online conversations. The growing support follows Mr P’s ongoing multi-part video series in which he recounts the events that led to P-Square’s repeated breakups and the family’s long-running financial dispute. In the videos, which have now reached Part Six, he accused Jude of claiming ownership of P-Square, withholding financial records, delaying access to the group’s backend catalogue and mishandling royalty payments. Jude has denied the…

Nigeria’s U20 team, Flying Eagles, on Wednesday evening booked their place in the final of the 2026 WAFU B U20 Championship after a dramatic 4-3 penalty shootout victory over host nation Côte d’Ivoire. The pulsating semi-final encounter ended 2-2 after extra time, making the penalty shootout inevitable. The hosts started on the front foot and controlled the tempo from kickoff. They came close to an early opener twice in the 12th and 14th minutes, but Flying Eagles goalkeeper Clinton Lawani was alert and kept Nigeria in the game. The pressure eventually told in the 16th minute when Côte d’Ivoire’s Kaita…

AIICO Insurance Plc has received a new operational licence from the National Insurance Commission, confirming its full compliance with the recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act 2025. The development, announced in a public notice dated August 2, 2026, by NAICOM following the conclusion of the 12-month sector-wide recapitalisation exercise, listed AIICO among a select group of insurers certified to maintain full composite status across both life and general business lines. In a statement on Wednesday, the insurer highlighted that it did not require additional equity raising to meet the new regulatory threshold, having maintained a capital…

Google is making some significant AI leadership changes, including a major shift for Google DeepMind leader Demis Hassabis.Hassabis will become the chair of Google DeepMind and the chief scientist at Alphabet, CEO Sundar Pichai announced on Wednesday. Hassabis will continue to lead Alphabet’s Isomorphic Labs, which aims to use AI to develop drugs. Koray Kavukcuoglu, formerly DeepMind’s CTO, is stepping up to become Google’s SVP of DeepMind and will report to Pichai. Kavukcuoglu will remain Google’s chief AI architect as well.“​​As you’ve heard me say many times, I’ve always believed the No.1 application of AI should be to improve human…

Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period.That resulted in a $0.09 loss per share posted on Wednesday which Galaxy attributed to the depreciation of digital asset prices during the quarter. Revenue at $8.7 billion was down 15% from $10.2 billion in the first quarter of 2026. Analysts had forecast a consensus of $12.7 billion, according to estimates compiled by Yahoo Finance.Galaxy’s shares fell 6.2% in premarket activity on Wednesday to $20.70, set to extend a nearly 10% decline over the past month. The total crypto market capitalization…