Author: Press Room

Strategy CEO Phong Le says the company’s newly built $1.44 billion cash reserve is designed to quiet investor anxiety over its ability to withstand a sharp downturn in Bitcoin. Key Takeaways: Strategy built a $1.44B cash reserve to ease investor fears about its ability to meet dividend and debt obligations. The firm raised the funds in just eight and a half days, aiming to show it can still attract capital without selling any Bitcoin. Strategy says it will only consider selling BTC if its stock falls below NAV. Speaking on CNBC’s Power Lunch, Le said the move followed weeks of…

Surgeons have advised patients against consuming heavy meals shortly after complex procedures involving the abdomen or gastrointestinal system, warning that it could trigger life-threatening complications. The physicians said the digestive system becomes temporarily inactive after surgical procedures, making it unsafe for patients to resume normal meals immediately. According to them, incorrect feeding after surgery can trigger vomiting, abdominal pain, or more severe complications. Speaking exclusively to PUNCH Healthwise, a Professor of Surgery at Bayelsa Medical University, Yenagoa, Bayelsa State, Paingha Alagoa, explained that the period surrounding surgery requires deliberate management of food intake. He noted that the intestines undergo a…

Akwa Ibom State Governor, Umo Eno, has announced a support package for visually impaired gospel singer Chris Vic, including a plot of land in Uyo, a four-bedroom flat, and a ₦100 million music studio. The governor also placed Vic on a ₦1 million monthly stipend for the duration of his tenure. Eno, who announced the gesture via his official X account on Sunday morning, framed it as a commitment to supporting citizens with disabilities. “I have directed the Commissioner for Lands to allocate a plot of land in Uyo to Chris Vic, and I will sign the Certificate of Occupancy…

Lagos State is set to create a new regulatory agency to monitor private healthcare facilities, officials announced, in a move aimed at improving patient safety and addressing gaps in the state’s existing oversight system. The announcement was made by the Speaker of the state House of Assembly, Mudasiru Obasa, at a Gala and Awards ceremony hosted by the state chapter of the Association of Nigerian Private Medical Practitioners on Saturday. Obasa said the decision reflects growing concerns about the standards of care in some private hospitals, which serve a significant portion of the state’s more than 20 million residents. “We…

The National President of the Nigeria Union of Journalists (NUJ), Comrade Alhassan Yahaya, at the weekend, applauded the level of infrastructural development recorded in Adamawa State, describing the quality and scale of ongoing projects as impressive. Yahaya made the remark during a two-day North-East zonal meeting of the union held in Yola, which brought together NUJ national officials from Bauchi, Gombe, Yobe, Borno, Taraba, and Adamawa.Also in attendance was the union’s National Vice President, Dr. Abimbola Oyetunde. The meeting focused on journalists’ roles and safety ahead of the 2027 general elections. The NUJ President noted that the extent of development…

A newly introduced bill in Indiana would require public retirement programs to offer Bitcoin-related investment options and would also limit how much power local governments have to restrict the use of digital assets.The proposal was filed on Thursday by State Representative Kyle Pierce, a Republican from Anderson. Known as House Bill 1042, the legislation was presented during a meeting of the House Financial Institutions Committee.It focuses on giving public workers access to cryptocurrency investments while setting clear legal boundaries around digital asset use, custody, payments, and mining.Indiana Targets First-in-the-Nation Mandate for Bitcoin in Public PensionsUnder the bill, administrators of several…

Mental health experts have raised the alarm over the escalating wave of kidnappings and violent attacks across the country, warning that worsening insecurity amid deep hardship and hunger will increase depression among Nigerians. In recent weeks, mass abductions in Niger, Kebbi and Kwara states have heightened concerns about the psychological toll of violence on citizens. The anxiety intensified after the United States condemned the killings, with President Donald Trump alleging a “Christian genocide” and warning of possible diplomatic consequences. While the Nigerian government rejected the genocide claim, it said it welcomed US support in tackling insecurity. PUNCH Healthwise reports that…

Lagos State Governor, Babajide Sanwo-Olu, says the steady increase in the number of governors elected on the platform of the All Progressives Congress reflects Nigerians’ growing confidence in the ruling party. Speaking on Saturday at the closing session of the two-day Progressive Governors’ Forum meeting in Lagos, Sanwo-Olu said the rise from “barely 18 or 19” governors in previous years to 25 today shows that Nigerians continue to trust the APC’s vision and leadership. “We are now 25 progressive governors. When we began, we were barely 18 or 19. This growth shows that Nigerians trust our party’s direction,” he said.…

The Nigeria Football Federation has issued a firm warning to referees and assistant referees nationwide, insisting it will impose severe sanctions on any match official whose conduct brings the sport into disrepute. In a memo released by the NFF refereeing development committee and signed by Mohammed Ameenu on behalf of the NFF president, with copies sent to the heads of all league bodies and the federation’s general secretary, the organisation expressed growing concern over fluctuating officiating standards across domestic competitions. The memo acknowledged that while many officials continue to uphold fairness and comply with the laws of the game, others…

Victor Osimhen delivered one of the standout moments of the Turkish Super Lig season as his stoppage-time bicycle kick sealed a dramatic 3–2 victory for Galatasaray over Samsunspor at a roaring RAMS Park on Friday evening, Soccernet.ng reports. The Nigerian striker, who returned recently from a hamstring injury, scored twice on the night, including the breathtaking 93rd-minute winner that left the away bench stunned and the home crowd erupting. Osimhen’s brace backed up Leroy Sané’s early opener, but it was his acrobatic finish deep into added time that settled a fiercely contested match. Nigeria and Galatasaray striker Victor Osimhen. Photo…