Author: News Room

Prediction market regulators should consider a measured approach to insider trading enforcement as opposed to an outright ban, according to research from an academic at the Stevens Institute of Technology.In a paper released on June 2, assistant professor of finance Balbinder Singh Gill developed a formal economic model to answer the question of how strictly insider trading in prediction markets should be policed.A paradox exists in that “the same insider trade that improves the accuracy of the price today can reduce the participation that makes the price informative tomorrow,” he said. The model showed that prediction market price accuracy is “hump-shaped”…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Dark circles and puffiness can make you look exhausted even when you’re well-rested, which is why finding an eye cream that actually delivers is no small feat. One that’s developed a devoted following among skincare shoppers is the Eight Saints Skin Care All In Eye Cream. The lightweight formula is designed to tackle multiple concerns at once, helping to hydrate, brighten, smooth and depuff without feeling heavy or greasy. One of the standout features of the cream is its ingredient…

The Vice-Chancellor of Baze University, Abiodun Adeniyi, has called for stronger governance of digital spaces and the development of ethical frameworks to address challenges posed by artificial intelligence and emerging communication technologies. Speaking at the university’s seventh inaugural lecture in Abuja on Tuesday, Mr Adeniyi, a professor of communication and media epistemology, said governments, policymakers and other stakeholders must recognise the digital sphere as a critical dimension of modern life that deserves greater attention and protection. He made the call while delivering a lecture titled, “How Your Village Is Following You: Mobility, Memory and the Mediated Persistence of Belonging.” Among…

More than 75 million telecom subscribers have received compensation from mobile network operators (MNOs) in the wake of regulatory directives aimed at addressing the poor quality of service experienced by consumers, the Nigerian Communications Commission (NCC) said on Tuesday. The commission made the disclosure in a statement, following the 109th meeting of its governing board, where members reviewed the implementation of measures introduced to improve service delivery across the telecommunications sector. An order by the NCC in March had required MNOs to provide redress to subscribers affected by poor quality of service in locations, where prescribed standards of service quality…

The Senate on Tuesday advanced a bill seeking to establish a clear legal and regulatory framework for virtual assets in Nigeria, while also pushing for urgent action to revive the country’s struggling textile industry.The bill, sponsored by the Deputy President of the Senate, Barau Jibrin, scaled second reading during plenary with unanimous support from lawmakers. Leading the debate on his behalf, the Senate Chief Whip, Mohammed Tahir Monguno, said the proposed law is designed to regulate virtual assets and digital asset service providers operating in the country. He explained that Nigeria is already one of the highest users of virtual…

The Spiritual Director of Adoration Ministry Enugu, Nigeria, AMEN, Rev. Fr. Ejike Mbaka, has claimed that former president, Goodluck Jonathan, was defeated in the 2015 election because he failed to yield to advice. Mbaka said he advised the former president to remove the then Chairman of the Independent National Electoral Commission, Attahiru Jega, but his advice was not taken seriously. The cleric, who spoke in a viral video while clarifying his earlier statement that the insecurity ravaging the country has political undertone. DAILY POST reports that the cleric had claimed that the security crisis was orchestrated by some unscrupulous politicians…

Kebbi State Police Command has confirmed reports that an Islamic cleric, Alhaji Muhammad Maibarga, who was abducted by bandits in Koko-Besse Local Government Area, has died in captivity. The Police Public Relations Officer (PPRO), SP Bashir Usman, said the command was aware of reports indicating that the cleric had died while in the custody of his abductors. “We are aware of reports concerning the victim’s deteriorating condition and possible death in captivity,” he said. Usman added that efforts were ongoing to verify the development and secure the rescue of other kidnapped victims in Koko-Besse and Wasagu local government areas. The…

Nigerian singer, Daniel Benson, has claimed that Lagos is more expensive than the United States. The singer, who revealed that he has relocated to the US, said aside from paying bills, there are no hoodlums or street beggars demanding money from people in the US, unlike Lagos. Speaking during a recent livestream on TikTok, BNXN said, “I was telling someone, since I got to the United States, nobody has asked me to give them money. And people are also suffering here. “Lagos is super expensive. It is more expensive than Los Angeles. Aside from housing, every other thing in LA…

Marcus Rashford is set to return to Manchester United, after Barcelona confirmed they would not be paying the €30m buy option clause. The England forward spent the last season on loan with the LaLiga champions. But despite contributing 13 goals and 10 assists, Barca has opted not to trigger the option to make the move permanent. Football transfer expert, Fabrizio Romano, wrote on X: “Barcelona will NOT pay €30m buy option clause for Marcus Rashford, expiring in 5 days. “Rashford formally set to return to Man United but Barça remain open to new solutions, like another loan deal. “Barça are…

The Director of the City Boy Movement in Oyo State, Olufemi Onireti, has donated medical equipment and other healthcare supplies to residents of Esinele community in Oriire Local Government Area of the state. The donation was made on Tuesday during a condolence and solidarity visit to the community following the recent abduction of teachers and pupils in the area. Speaking during the visit, Onireti expressed optimism that the abducted teachers and pupils would soon regain their freedom, noting that government authorities were actively working to secure their safe release. He urged residents to remain hopeful and prayerful, assuring them that…