Author: News Room

The market for tokenized gold is expanding in step with rising demand for physical bullion, highlighting a broader shift toward traditional safe-haven assets as geopolitical tensions and trade uncertainty push investors away from the US dollar.On Monday, Tether said its Tether Gold (XAUt) now represents more than half of the entire gold-backed stablecoin market, with a total value exceeding $2.2 billion.Tether disclosed that 520,089 XAUt tokens were in circulation at the end of the fourth quarter, with each token backed one-for-one by physical gold held in reserve. Tether Gold (XAUt) market capitalization. Source: CoinMarketCapCEO Paolo Ardoino said the company’s Tether…

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The Traditional Ruler of Azumini Ndoki Ancient Kingdom in Ukwa East Local Government Area of Abia State, HRM Eze Edward Eule (Onyenweali X), has said he did not abandon his subjects or throne as speculated. This followed his temporary absence from the community and the arrest of six suspects in connection with the theft of the community’s electricity transformer, which plunged the area into darkness. The monarch, a Professor of Sociology who retired from Norfolk State University, Virginia, USA, where he lectured for over 30 years before ascending the throne in 2015, said he has neither abdicated nor neglected his…

Former National Chairman of the All Progressives Congress, APC, Abdullahi Ganduje, has assured Kano State Governor, Abba Yusuf, of his re-election in 2027. Ganduje gave the assurance on Monday in Kano while welcoming Governor Yusuf back to the APC. He described the governor’s return to the ruling party as historic and beneficial to both the APC and Kano State. “You will win your second term in 2027. We have spoken to all aspirants, and they have agreed to support you,” Ganduje said. Ganduje recalled that Governor Yusuf was part of the APC when the party was formed in 2014. “When…

Properties worth millions of naira have been destroyed in a fire that ravaged three residential buildings and a furniture workshop in Oyo town. The first residential building is located at the Elegbo area of Sabo in Oyo. The incident occurred on Sunday. It was learnt that one of the rooms in the building was affected. Properties worth millions of naira were destroyed, while no life was lost in the incident. The second and third residential buildings are located at the Oke-Olola area of Oyo. It was learnt that the fire incident, which affected the two buildings, also razed a furniture…

Chelsea, on Monday, announced the signing of Yisa Alao from Sheffield Wednesday. The Blues disclosed this in a post on their website ahead of their UEFA Champions League clash with Napoli on Wednesday. Alao, who plays as a left-back, agreed a contract with Chelsea until 2028. The 17-year-old came through Sheffield Wednesday’s academy and made his senior debut for the Owls last August. Alao has since played four more games, starting Wednesday’s recent FA Cup fixture against Brentford and Championship tie against Portsmouth. “Welcome to Chelsea, Yisa,” Chelsea’s statement partly read.

The Federal University of Technology, FUT Minna, Niger State, has secured a N1billion Tetfund Agricultural Farm Grant. The Vice Chancellor, Faruk Kuta, made this known on Monday during a press briefing to announce the institution’s 34th Convocation Ceremonies and the 43rd Founders Day celebrations. Kuta disclosed that the institution also attracted two major global research grants. He also revealed the establishment of the College of Medical Sciences and Health Technology, which he said has been fully approved by the National Universities Commission NUC. “The University secured a N1bn TETFund Agricultural Commercial Farm Grant, positioning us among the 10 beneficiary universities…

A 73-year-old man, identified as Pastor Awolola, has lost his life following a bush fire incident at the Irewolede area of Ilorin, Kwara State, after he reportedly set fire to an undergrowth on his farmland. An eyewitness told The PUNCH that the deceased set fire to a small bush around a farmland inside an incomplete building with a perimeter fence and gated entrance. “The fire engulfed the only exit from the premises which prevented the victim from escaping and burnt him to death,” the witness said. Confirming the incident, the Head Media unit of the Kwara State Fire Service, Hassan Adekunle,…

A former Publicity Secretary of the Peoples Democratic Party in Ekiti State, Raphael Adeyanju, has resigned his membership of the party, citing instability within the political platform. Adeyanju, in a statement issued in Ado Ekiti, the state capital, on Monday, said he was defecting to the ruling party, the All Progressives Congress , because it offered an atmosphere where he could best contribute to the development of the state. “I hereby officially resign my membership of the PDP and defect to the ruling All Progressives Congress. “This decision is not made lightly. It is the culmination of months of introspection…

Stock market investors traded 601.65 million shares worth N17.3 billion in 58,429 transactions on the Nigerian Exchange Limited on Monday. This compares with 731.7 million shares valued at N19.05 billion exchanged in 44,005 deals in the previous trading session. The figures represent an 18 per cent decline in trading volume and a nine per cent drop in value, while the number of deals increased by 33 per cent. Meanwhile, Chams recorded the highest volume, with 41.57 million shares, accounting for 6.91 per cent of the total volume traded for the day. Guaranty Trust Holding Company recorded the highest value traded…