Author: News Room

Strategy is adopting a new capital framework that allows it to monetize part of its Bitcoin holdings to fund dividends, build cash reserves and repurchase securities while maintaining its long-term Bitcoin strategy.In a Monday 8-K filing with the US Securities and Exchange Commission, Strategy introduced its “Digital Credit Capital Framework,” which includes a Bitcoin monetization program and changes to its STRC preferred stock dividend policy.The company has raised the STRC annual dividend rate to 12% from 11.5% and authorized separate buyback programs for preferred securities and its Class A MSTR common stock. Strategy said it may sell Bitcoin (BTC) to…

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Commercial activities gradually resumed in Oshodi, a major, densely populated transportation and commercial hub of Lagos State, on Monday after floodwaters that inundated parts of the bustling commercial district following Sunday’s heavy rainfall receded. When PREMIUM TIMES visited the area, commercial buses, taxis and private vehicles moved freely along major roads that had been submerged less than 24 hours earlier. Customers had also begun returning to the market as the floodwaters disappeared, although many shops remained closed. The closures, however, were not linked to the flooding. Traders told PREMIUM TIMES they stayed away from the market to mourn the death…

Wema Bank Plc has suspended its operations on Telegram following a surge in scams involving fake accounts impersonating the bank and defrauding customers. The bank disclosed this in an email to customers on Monday, urging them not to engage with any Telegram accounts impersonating Wema Bank. This is coming amid Wema Bank’s effort to contain the increasing number of accounts impersonating the bank on social media in recent times. On 7 June, Wema Bank temporarily blocked communication on its account X, citing the need to protect customers from fraudulent activities and account impersonation. The lender urged customers to halt interactions…

The Chairman of the Labour Party in Abia State, Mr Peter Azubuike, has said the party is poised for a landslide victory in the 2027 general elections, claiming it would win “before 2 pm” if the Independent National Electoral Commission conducted an election today. Azubuike stated this on Monday while speaking with journalists at the LP State Secretariat in Umuahia, the Abia State capital. He said the party had resolved its internal crises and was now fully mobilised for the next electoral cycle. Describing the LP as the most grassroots-driven party in the state, the chairman cited its current electoral…

To tackle period poverty and promote environmental sustainability, a non-profit organisation, HopeForHer Initiative, in collaboration with the Chinenye Owums Foundation, has launched a Pad Bank and Plastic Bottle Collection Centre at Ohaji High School, Mgbirichi, in the Ohaji/Egbema Local Government Area of Imo State. Speaking at the launch on Friday, the founder of HopeForHer Initiative, Miss Chiamaka Enyia, said the project was designed to ensure that no girl misses school because of menstruation while promoting responsible waste management. She said the initiative seeks to empower girls with knowledge, dignity and access to essential menstrual products while addressing the growing challenge…

Manchester City on Monday unveiled Italian Enzo Maresca as their new manager, taking over from Pep Guardiola. Maresca, 46, signed a three-year deal that will keep him at the Etihad Stadium until the summer of 2029. “Manchester City is a club I know very well and to have the chance to manage this team is a brilliant opportunity for me,” said Maresca, who previously coached Leicester in the Championship and Chelsea in the Premier League. “City is an incredibly well-run football club. Everything they do is innovative, planned and purposeful. For a manager, that is a dream situation. It provides…

The Federal Government has announced plans to deploy a national digital platform aimed at addressing longstanding challenges associated with fragmented education data, in what officials described as a major step towards improving planning, policymaking and service delivery across Nigeria’s education sector. The platform, known as the Digital National Education Management Information System, will be officially unveiled on Wednesday alongside the launch of the Public DNEMIS Portal and the inauguration of DNEMIS State Implementation Teams. Speaking during a pre-event media briefing in Abuja on Monday, the National Project Coordinator of the Special Programmes Operations and Implementation Unit in the Office of…

First announced over a year ago in April 2025, the Busy Bar will be available for purchase starting on July 14th when the device also starts shipping. Created by the same team behind the Flipper Zero wireless multitool, the Busy Bar is instead described as a “productivity multitool” that relies on a pixelated LED display to help reduce distractions and improve focus. The first 3,000 units purchased on July 14th will be discounted to $199, but the Busy Bar will normally retail for $249. Those who previously joined the Busy Bar waitlist will still be able to purchase one next…

The road from believing “crypto is a scam” to “Bitcoin is a legitimate asset class” is a long way to travel, fraught with many a twist and turn.Yet against all the odds, a surprising number of high-profile skeptics have undertaken the journey unscathed and, perhaps more remarkably, without ever admitting they were wrong.The very naysayers who once warned of a “crypto apocalypse” have begun preaching the virtues of blockchain rails and launching tokenized products of their own.From Bitcoin exchange-traded funds to tokenized gold, here are five of the biggest crypto backflips. Born-again crypto convertsLarry Fink: ‘Index of money laundering’ to…