Author: News Room

Mass user migration following the end of the Markets in Crypto-Assets Regulation (MiCA) transitional period could strain compliance at virtual asset service providers (VASPs) in the European Union, according to Bruna Szego, chair of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). “Because we know customers will rush to withdraw, this will put additional pressure on these VASPs,” Szego said during a Wednesday briefing with the European Parliament’s Committee on Economic and Monetary Affairs.Szego said firms winding down their EU operations could come under pressure as customers rush to withdraw, while licensed crypto companies could face onboarding…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Anyone who lived through the wild days of the early ’00s knows it’s true: nothing had a chokehold on our wardrobes quite like a cute ‘going out top.’ Fancy and fun, this shirt style turned basic bottoms into something special, and while the staple somehow slipped out of rotation, it’s back and better than ever — and Octavia Spencer is clearly on board. For an appearance on Jimmy Kimmel Live!, the 56-year-old actress wore a silver sequined tank with a…

Former Katsina State Governor Ibrahim Shema on Tuesday unveiled a statewide political mobilisation network for the All Progressives Congress (APC). Mr Shema said the organisation would coordinate grassroots support for President Bola Tinubu, Governor Dikko Radda and other party candidates through structures spanning Katsina’s 34 local government areas, wards and polling units ahead of the 2027 general elections. He unveiled the organisation, branded Tinubu-Dikko Again 2027, during the inauguration of its women and youth centre along Daura Road near the Hajj Camp in Katsina. Describing the initiative as a grassroots political structure, the former governor said it would mobilise women…

UAC of Nigeria Plc has announced significant changes to its board structure, appointing its Group Investment Director, Adebolanle Badejo, to the board of UPDC Plc. The company stated that the restructuring is intended to strengthen governance across its operating companies and sharpen its focus on portfolio growth and acquisitions. According to a regulatory filing signed by Ayomipo Wey, the Company Secretary and Group General Counsel, the appointment takes effect from 13 July. As part of the restructuring, Mr Badejo will step down from the board of UAC of Nigeria Plc. He will, however, retain his role as Group Investment Director,…

President Tinubu now has an opportunity to complete one of the most important unfinished reforms of the Fourth Republic. Assenting to the Federal Audit Service Bill would strengthen the last mile of public finance management, reduce revenue leakages, improve efficiency in public spending, enhance investor confidence, and give real teeth to Nigeria’s anti‑corruption architecture. It would align Nigeria’s audit framework with international standards, close a 70‑year legal gap… About three weeks ago, my friend, Olusegun Elemo, and I had an hour-long conversation about Nigeria’s draft federal audit bill. Olusegun is the executive director of Paradigm Leadership Support Initiative (PLSI), one…

The Nigeria Hydrological Services Agency has issued a flood advisory, warning that 14 states may experience a medium flood risk between July 14 and July 20. The Director-General of NIHSA, Mr Umar Mohammed, said on Wednesday that the advisory was based on the agency’s latest hydrological forecast, which projected localised flooding along major river channels and identified 16 monitoring stations as high-risk locations. The affected states are “Adamawa, Akwa Ibom, Anambra, Bauchi, Benue, Borno, Cross River, Edo, Enugu, Imo, Kaduna, Lagos, Niger and Plateau.” NIHSA said several local government areas and communities, including schools, health facilities and markets, could be…

Motorola has launched the Edge 70 Max, its latest flagship phone that’s designed for power intensive tasks like streaming video and mobile gaming. Alongside having a huge battery and rapid wired charging support, the Motorola Edge 70 Max is the first Android phone to support full 25W wireless Qi2 charging since Google launched the Pixel 10 Pro XL last year.Other Qi2-supported Android models, including the Pixel 10, Pixel 10 Pro, Pixel 10 Pro Fold, and the HMD Skyline are capped at 15W for magnetic wireless charging. The Edge 70 Max also has a larger 7100mAh silicon-carbon battery compared to 5200mAh…

South Korea plans to adopt the National Asset Basic Act to update the country’s state asset management system from the outdated State Property Act of 1950.The Ministry of Economy and Finance (MOEF) hopes to modernize the management of national assets and explicitly includes digital assets and intellectual property, broadening the definition of state assets, the MOEF announced during a briefing at the President’s Blue House on Wednesday.As part of the reform, the ministry also reiterated plans to tokenize government bonds on a blockchain to reduce transaction, as part of a 2027 pilot project. It also plans to explore the tokenization…

Shania Twain has revealed she declined an invitation to Taylor Swift’s wedding due to her tie to Swift’s ex Harry Styles. “I would have done anything to be at Taylor’s wedding,” Twain, 60, said in an interview with Canadian entertainment outlet ETalk, published on Tuesday, July 14. “I would have done anything, and that would have been really lovely for me to be there — but I was with Harry.” Twain was referring to her musical role in opening Styles’ 12-show residency at London’s Wembley Stadium, which overlapped with Swift’s July 3 wedding to Travis Kelce inside New York City’s…

Passengers travelling with Air Peace may experience flight delays and cancellations after one of the airline’s Airbus A320 aircraft sustained significant damage in a ground handling incident at the Murtala Muhammed Airport Terminal 1 (MM1) in Lagos. The airline, in a statement issued on Wednesday, blamed the Nigerian Aviation Handling Company (NAHCO) for the incident, saying one of the company’s baggage conveyor belt vehicles crashed into the aircraft’s engine shortly after passengers had safely disembarked from Flight P47427 from Kano. According to Air Peace, the impact rendered the aircraft “totally unserviceable,” forcing the airline to adjust its flight schedule because…