Author: News Room

The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds.The FCA floated the idea in a quarterly consultation paper on Friday, which would allow retail-focused funds called undertakings for collective investment in transferable securities, or UCITS funds, and some non-UCITS funds to gain exposure to crypto.The regulator said it wanted authorized funds to “remain contemporary and consistent with the demands of investors” while ensuring consumers “are adequately protected and markets function well.”The proposal seeks to align rules on…

Real Housewives of Miami star Lenny Hochstein is addressing the sexual assault allegations being made against him in a new lawsuit. “I’ve never drugged or raped anyone in my life.” Hochstein, 59, claimed to Us Weekly on Monday, June 8. “I know who this girl is. She is a girl I met over a year ago and I have a video of her leaving my house the next morning smiling and dancing.” Hochstein admitted that he and the woman did participate in sexual activity but he vehemently denied that it was rape. “I absolutely did not drug anyone,” he told…

Iran and Israel have halted strikes against each other’s territories after hours of dramatic exchanges of strikes. Both countries announced the suspension of strikes after US President Donald Trump reportedly called for an “immediate” end to the violence. Iranian authorities first declared that they were pausing their military operation, after which Prime Minister Netanyahu said that his country’s “fire is on hold for now” but warned that it would not hesitate to respond forcefully if strikes resume. Tehran also issued a similar warning in its announcement on Monday. The country’s top military command, Khatam al-Anbiya central headquarters, said Iran would…

The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission, EFCC, on Monday, June 8, 2026, brought two individuals and a company before the Lagos State High Court sitting in Ikeja over an alleged N560 million theft case. Those arraigned are Olivia Dike and Azeez Muniru Siyanbola, alongside Eniafelamo Global Seven Nigeria Limited. They were docked before Justice R.O. Oshodi on a three-count charge bordering on stealing. The EFCC alleged in a statement that the defendants dishonestly converted a total sum of N560,000,000 (Five Hundred and Sixty Million Naira) belonging to Peachland West Africa Limited and Lyke Stephen Okpaji.…

Members of the David Mark-led National Working Committee, NWC, of the African Democratic Congress, ADC, have staged a protest at the the Federal High Court in Abuja, urging the judiciary not to allow itself to be used to stifle opposition parties in Nigeria. The demonstration is coming amid the ongoing legal battle between the David Mark-led ADC and the faction headed by Nafiu Bala. The protesters alleged that the lawsuit filed by Bala, which the Supreme Court referred back to the Federal High Court, is a ploy to distract the opposition political party. DAILY POST recalls that in April, the…

The Federal Government has given civil servants performing human resource functions across ministries, departments and agencies a one-year deadline to obtain approved professional certifications as part of efforts to professionalise human resource management in the Federal Civil Service. An exclusive circular obtained by The PUNCH from the Office of the Head of the Civil Service of the Federation on Monday showed that officers currently serving in HR-related roles have been granted a 12-month moratorium to acquire recognised certifications or risk becoming ineligible for deployment to key personnel management positions. The circular, addressed to all ministers, permanent secretaries, and heads of…

Family members of the murdered Ajiran prince, Ademola Akinloye, and rights activists have condemned calls for the release of a murder suspect standing trial over the alleged killing of two residents of the Ajiran community in Lagos, warning against attempts to undermine the judicial process. Their position was made known during a press conference organised by the Centre for Human and Socio-Economic Rights at the International Press Centre, Ogba, Lagos, on Monday. Speaking on behalf of the family, Mrs Adeola Ogundimu-Akinloye, younger sister of the late Ademola Akinloye, described her brother’s death as a painful loss that the family was…

Payaza Africa Limited has secured upgraded credit ratings from four agencies, signalling growing investor confidence in the fintech company’s financial stability and operational performance. The payment company recorded upgrades across the board, with DataPro raising its rating from A to AA-, Intelligence Africa assigning it an A- investment-grade rating, Agusto upgrading it from BBB to A-, and GCR, an affiliate of Moody’s, also moving it from BBB to A-. A credit rating reflects a company’s financial strength and its ability to meet debt obligations, indicating how safe it is for lenders and investors to extend credit. In a statement on…

Super Eagles goalkeeper Mustapha Lawal has become one of the most sought-after free agents in African football after his contract with Shooting Stars expired, with clubs from Angola, Sierra Leone and across Nigeria all racing to secure his signature, PUNCH Sports Extra reports. According to Footy-Africa, Angolan champions Petro de Luanda and Sierra Leonean club FC Kallon have both identified Lawal as a priority target, while NPFL champions Rangers International and Plateau United are also monitoring his situation should he opt to remain in Nigeria. Lawal’s availability follows a stellar campaign with Shooting Stars, where his performances between the posts…

Apple just announced watchOS 27, the next version of its Apple Watch operating system, introducing support for Siri AI, a redesigned “dynamic” app grid, and improvements to health and fitness tracking. The watchOS 27 update will be available “this fall,” according to Apple, though support is notably limited — the new OS will only be available for Apple Watch Series 9 models or newer, including the Ultra 2, Ultra 3, and SE 3.The biggest update coming to supported Apple Watch models is Siri AI — the next generation of Apple’s virtual assistant, powered by Apple Intelligence. This comes with a…