Author: News Room
The Federal Executive Council on Monday approved maritime infrastructure and safety projects worth about N286bn aimed at modernising the country’s ports, improving navigational safety and unlocking the economic potential of the sector. The approval came barely weeks after PUNCH Online highlighted the urgent need for Nigeria to bridge the gap between its ambitious blue economy agenda and weak maritime infrastructure. The approvals, granted at the FEC meeting chaired by President Bola Tinubu at the Presidential Villa, Abuja, cover the procurement of marine pollution control vessels, pilot cutter boats, firefighting vessels and the capital and maintenance dredging of the Escravos Channel.…
The Bitcoin holding level of long-term investors has reached a record high of 14.7 million Bitcoin, which could suggest that the crypto market bottom will come early, according to Cory Klippsten, CEO of Swan Bitcoin. “We’re at an all-time high of BTC held in addresses of long-term holders,” Klippsten told Cointelegraph in an interview, which he said has “marked cycle lows historically.”Bitcoin (BTC) supply held by long-term holders reached 14.7 million BTC on Wednesday, an all-time high that “signals continued conviction” among seasoned investors, according to crypto analytics platform Glassnode. Klippsten said these figures suggest that Bitcoin may find its cycle bottom…
Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! She may own a home in Nashville, but Reese Witherspoon‘s casual summer wardrobe is everything we love about East Coast style. Her looks embody country club class, and her latest dress is no exception. The one downside for those who hope to copy it? The price tag. However, we found the dreamy, Hamptons-coded look for just $35! In a shoot for Draper James, Witherspoon posed in a buttery yellow dress that screamed ‘Southampton garden party,’ especially since she paired it with delicate…
The Nigerian government will on Wednesday unveil the Digital National Education Management Information System (DNEMIS), designed to consolidate all education data for schools and learners on one platform and make it available to the Nigerian public. While launching the public portal, the government would also inaugurate the DNEMIS state implementation teams. This is contained in a statement by the spokesperson for the Federal Ministry of Education, Folasade Boriowo. The statement quoted the Minister of Education, Tunji Alausa, as saying that DNEMIS would help eliminate fragmented education data, strengthen evidence-based planning, improve accountability and enhance service delivery across Nigeria’s education sector.…
The Peoples Democratic Party in Gombe State has described the recently concluded local government elections as a “mockery” of democracy, alleging that the exercise lacked transparency and failed to provide a level playing field for opposition parties. The opposition party, which boycotted the election, also criticised the administration of Governor Inuwa Yahaya over recent demolitions of structures across the state and the expulsion of Gombawa Motors from the Ibrahim Hassan Dankwambo Mega Motor Park. The party’s position was contained in a statement issued on Tuesday by its Public Relations Officer, Abdulkadir-Ahmad Dukku. PUNCH Online recalls that the Gombe State Independent…
Watching Elon Musk fulminate at Bill Savitt during Musk v. Altman — the case in which Musk sued Sam Altman and OpenAI instead of seeing a therapist about his AI failures — was a bit like watching a toddler have a temper tantrum at his nursery school teacher. Savitt’s questions were “designed to trick me,” Musk said. He also told Savitt at one point, “You mostly do unfair questions.”Savitt, who has the approximate demeanor of a handsome Droopy Dog, gently told Musk, “I am trying to put the questions as fairly as I can. I am doing my best.”I’ve seen…
European Union crypto clients should be served through a Markets in Crypto-Assets Regulation (MiCA)-authorized legal entity after the bloc’s July 1 transitional deadline, the European Securities and Markets Authority (ESMA) told Cointelegraph, adding to questions over how global exchanges can keep servicing users in the region.Crypto asset service providers (CASPs) must hold MiCA authorization to serve clients across the EU and European Economic Area, an ESMA spokesperson told Cointelegraph on Monday.“EU clients should be serviced through a MiCA-authorized entity,” the ESMA representative said, adding that MiCA protections apply only to the legal entity that is licensed in the EU.The clarification…
Influencer Jen Hamilton confirmed that she is stepping away from her nursing job amid her separation from estranged husband, Brian Hamilton. “I’m taking some time off of work, which is something that I never, ever wanted,” Jen, 37, announced in a vlog on Monday, June 29. “My patients do not deserve the mental state that I would bring to the bedside right now. One moment, I’m OK. The next moment, I’m not OK.” Per her website, Jen has worked as an ER and obstetrics nurse for more than a decade, specializing in helping mothers through giving birth. “I don’t know…
Four suspected kidnappers arrested in connection with the abduction of two children in Ibarapa in Oyo State on 27 June have offered conflicting accounts of their involvement in the crime, each attempting to shift responsibility to the others following their arrest by security operatives. The suspects Sunday Idowu, 30; Muhammed Shina, 29; Abdullahi Ahmed, 28; and Umaru Usman, 25 were arrested during a joint operation involving the Oyo State Police Command, Amotekun Corps, local vigilantes and hunters after two children were abducted from Ebinpejo Village in Lanlate, Ibarapa East Local Government Area during invasion into the community. The Oyo State…
Mounting costs across key expenditure categories set Universal Insurance up for a sharp slide in profit for last year, its management report released on Tuesday has shown. The non-life underwriter, whose shares are up 46.8 per cent this year, reported N867.9 million in post-tax period for the period, nearly a half weaker than the level reached in 2024, when N1.7 billion was logged. Insurance service expenses were the major pressure points as they not only more than doubled to N8.3 billion, but also crowded out insurance revenue, which had risen by 47 per cent. That was largely driven by the…
