Author: News Room

By the time you finish reading this article, the price of Bitcoin may have changed twice. That is the nature of cryptocurrency: fast, volatile, and borderless. Yet beyond price charts and trading apps lies a less discussed but critical pillar of Nigeria’s digital finance revolution: corporate communications. In the age of crypto, communication is no longer a support function. It is infrastructure. Nigeria is one of the world’s fastest-growing crypto markets. Chainalysis ranked the country second globally in cryptocurrency adoption in 2023, driven largely by everyday retail users rather than institutions. Between July 2023 and June 2024 alone, Nigerians received…

Lagos-based fintech startup HitchPay has processed over $2m in transactions in the past four months, underscoring rising demand for streamlined cross-border payments among African businesses and diaspora communities. The platform, which counts more than 20,000 active users, is growing at a rate of 22 per cent month over month, according to company data, reflecting strong early traction in a market long hindered by fragmented payment infrastructure and high transaction costs. HitchPay aims to simplify global financial transactions for African entrepreneurs, freelancers, and diaspora members who often face hurdles when sending or receiving money internationally. “For African founders and freelancers, getting…

Five-time champion Quadri Aruna will lead Nigeria’s charge to reclaim continental glory at the 2025 ITTF Africa Cup, scheduled to hold in Libya from Saturday, February 7 to Monday, February 9, PUNCH Sports Extra reports. Libya is hosting a continental table tennis tournament for the first time. Aruna will be joined in the men’s singles event by Omotayo Olajide, while Fatimo Bello and Ajoke Ojomu will represent Nigeria in the women’s singles. The 37-year-old Aruna and Olajide will be aiming to reclaim the men’s title Nigeria last won in 2024, while Bello and Ojomu will hope to become the country’s…

The Minister of Education, Tunji Alausa, has disclosed that no fewer than 250,000 young Nigerians have been enrolled in the Federal government’s Technical and Vocational Education and Training programme across the country. The ministry at the launch of the programme set a one-million-enrolment target. Alausa spoke on Thursday at his induction as a member of the Epe Club held in the Alausa area of Lagos State. The ceremony, which was held in honour of a political leader in the Epe Division, Shakiru Akanni, saw political stakeholders and traditional rulers in the state converge for the celebration. The minister, who was…

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has reportedly seen an all-time peak daily trading volume as traders responded to Bitcoin’s rapidly crashing price.The iShares Bitcoin Trust ETF (IBIT) “crushed its daily volume record” on Thursday, with $10 billion worth of shares trading hands, Bloomberg ETF analyst Eric Balchunas said on X.Balchunas added that IBIT dropped 13% on the day, its “second-worst daily price drop since it launched,” with its biggest daily price crash coming in at 15% on May 8, 2024. Source: Eric Balchunas On Wednesday, IBIT posted net outflows totalling $373.4 million, with the ETF having just 10 trading…

A pregnant influencer is opening up about a terrifying medical ordeal. Leah Jay, a content creator who lives in Austin, Texas, revealed that she went to doctors to remove a blood clot in her leg before learning that she needed major surgery — during which her heart would be stopped for 80 minutes. “What started as leg surgery to remove a blood clot turned into a transfer to Austin’s top heart surgery hospital. In the last 7 days, doctors discovered a strep infection in my blood that created a large bacterial growth on my mitral valve. That valve now needs…

The Singer Market in Kano on Thursday became the stage for a popularity contest as Governor Abba Yusuf and his estranged political godfather, Rabiu Kwankwaso, made separate appearances to sympathize with traders after a devasting fire incident. Mr Kwankwaso, the leader of the New Nigeria People’s Party (NNPP), was the first to arrive at the market and was hailed by a crowd of supporters. A few hours later, Governor Yusuf paid his own visit and was similarly welcomed by a crowd. Governor Yusuf offered immediate government intervention and pledged financial support to the affected traders. His former mentor, Mr Kwankwaso’s…

A member of the Governing Board of the North East Development Commission, NEDC, and a two-time House of Representatives member, Sam Onuigbo, has called on governors to shelve selfish interests and allow federal allocations to be paid directly to local government councils. He said governors should emulate the standard set by the Governor of Borno State, Professor Babagana Umara Zulum. DAILY POST reported that Governor Zulum recently ordered the direct payment of monthly federal allocations to the 27 local government areas of Borno State, noting that the move was intended to boost transparency and empower local government chairpersons for grassroots…

A Chieftain of the All Progressives Congress, APC, in Rivers State, Eze Chukwuemeka Eze, has asked governors in the South-East to clearly reject and ask for the quick removal of a new version of a book called ‘Living History For Junior Secondary School 1 students in the country.’ The party Chief criticized the Minister of Education, Dr Morufu Alausa, for the approval and publication of the book, which he described as “divisive, full of deceit” and depicted age long hatred for the Igbo race. After seeing a viral video about the content of a book written by J.M. Itsekuke, the…

Kun Khalifat FC have announced their withdrawal from the Nigeria Premier Football League, NPFL, DAILY POST reports. The Owerri club were sanctioned by the NPFL for falling to honour their matchday 24 fixture against El-kanemi Warriors. The NPFL said the club’s action breached it’s framework and rules. It, therefore, handed three points and three goals to El-Kanemi Warriors. Kun Khalifat were also fined N10m as part of their punishment. The fine is suspended for the rest of the season if no similar offence occurs. In their reaction, Kun Khalifat described the sanctions as “outrageously disproportionate,” insisting that valid reasons were…