Author: News Room

The Presidential Enabling Business Environment Council on Tuesday disclosed that it was equipping truckers and freight forwarders along the Apapa and Tin-Can port corridors with body cameras to gather evidence against officials manning illegal checkpoints. It said the absence of footage of officials caught in the act of extortion had frustrated prosecution efforts during several rounds of enforcement visits since January. The Director-General of the Council, Zahrah Audu, made the disclosure while addressing State House correspondents at the weekly Meet the Press session organised by the Presidential Communications Team at the Aso Rock Villa, Abuja. She added, “In addition to…

If you’ve been thinking about picking up a Kindle before school starts, or for your next vacation, now’s a good time to do it. As part of its Black Friday in July sale, Best Buy has brought the Kindle Paperwhite back down to its all-time low of $124.99 ($35 off). It’s the Kindle we recommend for most people because it has a bunch of features. It’s waterproof and features a sharp 300ppi, 7-inch display, it offers an adjustable warm light for reading at night, and it has great battery life that can last for more than a month on a…

Researchers at the Bank for International Settlements (BIS) found that dollar-backed stablecoins are creating a new form of “digital dollarization” that appears largely unaffected by capital controls, particularly in emerging markets.The new study suggests governments may have less ability to curb stablecoin adoption than traditional foreign-currency bank deposits.BIS researchers analyzed foreign-currency deposits and dollar-pegged stablecoin inflows across more than 130 economies, finding that both tend to increase during periods of macroeconomic stress. Unlike traditional bank deposits, however, stablecoin flows showed little response to capital controls or other FX restrictions. The authors said this likely occurs because “stablecoins are partly circulating…

President Bola Tinubu has congratulated Oyinkansola Badejo-Okusanya, a Senior Advocate of Nigeria (SAN), on her election as the first elected female president of the Nigerian Bar Association (NBA). In a statement on Tuesday by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu described her emergence as a watershed in the legal profession and a triumph for merit, excellence and gender inclusion. PREMIUM TIMES reported that Mrs Badejo-Okusanya won the election held between Saturday and Sunday, polling 12,317 votes to defeat two other SANs, Lateef Akangbe and Olumuyiwa Akinboro. Mr Akangbe polled 7,934 votes to finish second, while…

Despite global instability, the Central Bank of Nigeria (CBN) remains confident that it can bring inflation down to single digits by early 2027. Speaking at the end of the 306th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, CBN Governor Olayemi Cardoso stated that the committee was encouraged by the moderation in headline inflation, even though the pace of the decline has been modest. The apex bank has retained the interest rate at 26.5 per cent for the second time this year, citing the recent resurgence of hostilities in the Middle East. Nigeria’s headline inflation rate eased slightly to…

Members of the Economic Community of West African States have begun operationalising a regional anti-corruption protocol adopted by West African anti-graft agencies to strengthen cross-border investigations, intelligence sharing and asset recovery across the sub-region. The EFCC Chairman and President, Network of National Anti-Corruption Institutions in West Africa, Ola Olukoyede, disclosed this on Tuesday at the maiden edition of the NACIWA Leadership Conference in Abuja. Olukoyede said the protocol, adopted during the Network of Anti-Corruption Institutions in West Africa’s Annual General Assembly held in October last year, had moved from policy to implementation. He explained that the framework allows member countries…

Tomorrow’s foldable-centric Galaxy Unpacked event looks like it will be Samsung’s biggest in years. The company is expected to launch new versions of its Fold and Flip phones while also introducing a brand new Fold form factor that’s shorter and wider.It would be the second upheaval to Samsung’s foldable lineup in less than 12 months, after last year’s Galaxy Z TriFold. For years, there was the little Flip and the big Fold, and that was enough. Not any more. With the first foldable iPhone looming on the horizon, Samsung can’t get away with playing it safe.Leaks have pointed to a…

Bitcoin (BTC) built on gains at Tuesday’s Wall Street open as crypto echoed resilient US stock markets.Key points:BTC price action approached $67,000 despite new geopolitical and macroeconomic pressures.Neither the US-Iran war nor proposed international trade tariffs were able to disrupt risk-asset upside.Bitcoin needed a reclaim of its 21-week simple moving average to challenge the bear market, analysis warned.Bitcoin, stocks ignore Iran war, fresh US tariffsData from TradingView showed BTC/USD approaching $67,000, closing in on seven-week highs.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewUpward momentum that began the day showed little signs of stopping despite macro conditions that seem to favor a risk-off mindset.The…

The US, on Monday, issued a travel advisory warning its citizens against travelling to the Middle East and advising those already in the region to “exercise increased caution.” US and Iran, locked in a struggle over the Strait of Hormuz, traded strikes for the 10th consecutive night on Monday. Explosions have been reported across the region, particularly in Kuwait, Bahrain, and Jordan, which have been the targets of Iranian retaliatory attacks. The tension in the region is also escalating. Iran’s Houthi allies in Yemen previously threatened to close another key oil-shipping strait, the Bab al-Mandeb at the mouth of the…

A resurfaced video of lifestyle content creator Simi Sanya saying she only knows how to cook a few meals for her husband, who has never complained, has sparked heated debate on social media. The clip, which resurfaced on Tuesday from an interview on Talk Your Talk, reignited conversations about marriage, cooking and gender roles, with users split over whether her arrangement reflects honesty or a lack of effort. Speaking during the interview, Sanya said she makes her cooking abilities known during the talking stage so there are no surprises after marriage. “You see me the way I am. You know…