Author: News Room

Opinion by: Billy Sebell, executive director at XDC FoundationIn just over a decade, blockchain technology has rewritten the rulebook for global finance, bringing transparency, speed and access to financial markets. It has clearly established its worth in digital assets, decentralized finance (DeFi) and cross-border payments, among other effective use cases.Perhaps the greatest unrealized potential for blockchain lies in one of the world’s most vital sectors: global trade finance.Trade finance, the capital and credit that enable goods and services to move across borders, forms the backbone of the global economy. It’s a $9.7-trillion market yet remains highly inefficient, paper-based and largely…

Timothy Busfield was compared to disgraced gymnastics doctor Larry Nassar during the director’s hearing amid his child sex abuse case. During Busfield’s hearing in New Mexico on Tuesday, January 20, prosecution brought up Nassar, 62, during their argument. “The boys never said that the abuse never happened when they were alone with the defendant … They never said that this happened when they were alone with him, so these arguments coming from the defense and the exhibits provided do not add up with the testimony and the kids’ disclosures that they have given,” an attorney said. “The boys also disclosed…

Seven residents of Edo State abducted earlier this month have been freed after spending 11 days in captivity, following the payment of ransom. The victims were released on Monday evening and have since been reunited with their families, Punch newspaper reported. The Coordinator of the Movement for the Advancement of Akoko Edo People, Bode Ekundayo, confirmed the release in a message to the newspaper on Tuesday but declined to disclose the amount paid as ransom. “Victims have now been released after the payment of a huge ransom,” Punch quoted Mr Ekundayo as saying. He, however, declined to disclose how much…

Siminalayi Fubara and Nyesom Wike As preparations for the 2027 elections gather momentum, therefore, outgoing state governors should reflect on what became of many once celebrated godfather-godson relationships after the supposed godsons assumed power. This important reflection would enable the creation of a good atmosphere for the best to take over the baton of leadership, in line with key stakeholders’ and public acceptance. Last week, issues around the renewed face-off between Governor Siminalayi Fubara of Rivers State and his estranged godfather, the Minister of the Federal Capital Territory, Nyesom Wike, dominated the media space. The first few episodes of the Season…

Olanrewaju Aina, a family member of Opral “Iya Oge of Lagos” Benson, and the African Refugees Foundation (AREF) have dismissed reports that the 90-year-old socialite is missing. PREMIUM TIMES learnt that reports went viral on Tuesday claiming that the Americo-Liberian and Nigerian entrepreneur was last seen on 13 January and had not returned home since then. A flyer circulating on social media, obtained by this newspaper, showed the family appealing to the public for information that could help locate her. The flyer declaring Iya Oge of Lagos missing However, in an interview with this newspaper, Ms Aina clarified that the…

Despite finishing third at the just concluded Africa Cup of Nations tournament in Morocco, three Super Eagles stars have been named in the official Best XI unveiled on Wednesday by the organisers. The star studded list included standout performers from Senegal, Nigeria and host nation Morocco after a dramatic competition in Rabat. Fresh champions Senegal dominated the selection, led by captain Sadio Mané, who was also named Player of the Tournament following his inspirational role in guiding the Teranga Lions to the title. Mané features in a powerful attacking trio alongside Nigeria’s Victor Osimhen and Morocco’s Brahim Díaz, the tournament’s…

Facts have emerged why the Federal High Court in Abuja on Wednesday sacked Julius Abure as the National Chairman of the Labour Party, LP, declaring that his tenure had elapsed. DAILY POST earlier reported that the court also ordered the Independent National Electoral Commission, INEC, to instead recognize the Senator Nenadi Usman-led National Caretaker Committee as the party’s lawful leadership. The report was based on account by a human rights lawyer, Inibehe Effiong, who had in a post on X, said he was present at the Federal High Court when the judgment was delivered. However, DAILY POST learnt that Justice…

The Lagos State chapter of the All Progressives Congress, APC, has again lashed out at Peter Obi and former Vice-President Atiku Abubakar, challenging their democratic credentials. This is as the party alleged that the duo lacks historical commitment to Nigeria’s pro-democracy struggle. The Lagos APC said this in a statement titled “Democracy Without Sacrifice: The Myth of Obi and Atiku”. According to the party, democracy is sustained by sacrifice, consistency, respect for institutions and fidelity to the will of the people, not by selective outrage or convenience-driven politics. It added that a review of Nigeria’s democratic history showed that neither…

The Christian Media Forum (CMF) has condemned in strong terms the abduction of 167 Christian worshipers in Kurmin Wali, Kajuru Local Government Area of Kaduna State.The forum demands government and security agencies do all they could to ensure the immediate rescue of the victims. A statement signed by its National President, Okpani Jacob Onjewu Dickson, and National Secretary, Andrew Ibrahim Mshelia, CMF called on security agencies to redouble their efforts towards ensuring the safe release of the abducted worshippers. The statement explained that the armed bandits were said to have arrived at the community while church services were being conducted,…

Nigerian musician Baba Fryo has criticized singer Wizkid following the Afrobeat superstar’s recent claim that he is bigger than the late Fela Kuti. The controversy started when Seun Kuti, Fela’s son, chastised Wizkid’s fans for comparing the contemporary artist to his father, calling it “an insult to Fela’s legacy” and urging them to stop dragging Fela’s name into fan debates. Wizkid later fired back on his Instagram story, claiming he was “bigger than Fela” and mocking Seun Kuti, escalating tensions further. “Pu**y boy @thenigbirdkuti ok I big pass your papa!!! Wetin u one do? Fool at 40!,” he wrote. “@bigbirdkuti…