Author: News Room
President Bola Tinubu on Monday defended his administration’s decision to remove the Federal Capital Territory Administration from the Treasury Single Account, saying the move had given the FCT the financial flexibility to fast-track infrastructure projects and drive Abuja’s transformation. The President also commended the Minister of the Federal Capital Territory, Nyesom Wike, for translating the policy into visible projects, while dismissing claims that the Executive was interfering in the judiciary through investments in legal infrastructure. Tinubu made the remarks while commissioning the new Office Annex of the Body of Benchers and 10 units of four-bedroom staff quarters at the Nigerian…
A year after cutting around 9,100 employees, Microsoft is making further layoffs today as it begins its new financial year. The software maker is laying off around 4,800 employees today, approximately 2.1 percent of its workforce. Most of the employees affected by today’s cuts are in Microsoft’s commercial sales business or the company’s Xbox division.In an internal memo to employees, Amy Coleman, executive vice president and Microsoft’s chief people officer, blamed the job losses on a changing technology industry and the “need to adjust resources and roles and shift how we operate” to respond to how AI is impacting companies…
Bitmine Immersion Technologies, holding one of the largest Ether (ETH) stockpiles as part of its treasury strategy, said Monday it added of $74 million worth of the second-biggest crypto by market cap, in contrast with Strategy, a major Bitcoin (BTC) holder, which offloaded coins to fund its dividend payments.Bitmine said that it held 5,742,237 ETH as of Sunday, marking an increase of 42,197 Ether since it reported on its holdings last week. The ETH holdings were reported when the token was valued at about $1,759, making its most recent buys worth about $74 million. The price of ETH has since increased…
FIFA President Gianni Infantino has defended the independence of the organisation’s disciplinary process following intense criticism over the decision to suspend Folarin Balogun’s automatic World Cup ban. Breaking his silence on one of the 2026 FIFA World Cup’s most contentious issues, Infantino confirmed he had spoken with U.S. President Donald Trump regarding Balogun’s case. However, he maintained that the final decision rested entirely with FIFA’s independent judicial bodies. “I have seen the public comments regarding the decision of the independent FIFA Disciplinary Committee related to the suspension of Folarin Balogun, and I would like to reiterate a fundamental principle of…
No fewer than 10,000 residents of Nasarawa State applied for 1,000 primary school teaching positions approved by the state government under a specialised rural recruitment scheme aimed at strengthening basic education. The Senior Special Assistant to Governor Abdullahi Sule on Public Affairs, Peter Ahemba, disclosed this on Monday during a bi-monthly press briefing held at the Nigeria Union of Journalists Secretariat in Lafia, the state capital. Speaking on the recruitment exercise being conducted by the Nasarawa State Universal Basic Education Board, Ahemba said the state government approved the recruitment of 1,000 primary school teachers to address manpower shortages in rural…
I’m just doing my job, but turns out, it feels lousy holding other people’s privacy in your hands. I’ve long argued that Hollywood has simultaneously set and ruined our expectations for smart glasses. But after binge-watching two seasons of Netflix’s A Man on the Inside, this is perhaps the first time I’ve seen Hollywood, perhaps inadvertently, illustrate the biggest cultural problem with smart glasses as they stand today. In a nutshell, Ted Danson plays Charles Nieuwendyk, an elderly widower who finds a new purpose working for a private investigator. Armed with a pair of Ray-Ban Meta glasses, a voice recorder,…
Michael Saylor’s Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves.Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission.This included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and 2,225 Bitcoin sold at an average price of $60,773 between Wednesday and Sunday.Strategy disclosed the sale of 32 Bitcoin in early June, as its first reported Bitcoin sale since the 2022 tax-loss transaction. On its June 29 8-K filing, Strategy…
Until last week, Folarin Balogun had been making headlines for all the right reasons. The United States striker, whose Nigerian roots continue to attract attention back home, has been one of the standout players at the 2026 FIFA World Cup. His three goals helped the tournament co-hosts reach the knockout stage, earning praise for his performances and strengthening his growing reputation on the international stage. Today, however, Balogun is making headlines for a very different reason. Instead of talking about his goals, football is talking about FIFA’s decision to allow him to play in the Round of 16 despite receiving…
United Bank for Africa (UBA) Plc has announced that its Group Chairman, Tony Elumelu, will retire from the Board of Directors, effective 21 August, after serving at the bank since 2014. The bank also appointed Emmanuel Nnorom as a Non-Executive Director on the board and as the incoming Group Chairman, effective 21 August. The Group Head, Marketing and Corporate Communications, United Bank for Africa Plc, Alero Ladipo, confirmed the leadership change in a statement made available to PREMIUM TIMES on Monday. The leadership transition was approved at the bank’s board meeting held on Monday. UBA said Mr Elumelu’s retirement is…
The Nigeria Customs Service on Monday said it surpassed its 2025 revenue target by 10.24 per cent, generating ₦7.28tn between January and December, despite a series of government-approved tax waivers and fiscal incentives aimed at stimulating economic growth. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this while defending the agency’s 2025 budget performance and presenting its 2026 budget proposal before the House of Representatives Committee on Customs and Excise. According to him, the Service exceeded its annual revenue target of ₦6.58tn by ₦696bn, attributing the performance to sustained reforms in revenue administration, technology deployment and trade facilitation. Adeniyi, however, clarified…
