Author: Press Room

A leading US banking group has urged regulators to stop Sony Bank’s crypto venture, warning against its plan for a national trust that would issue a dollar-pegged stablecoin.Sony stunned markets last month when its banking arm filed to form Connectia Trust, a federally chartered institution that would issue a $1-backed stablecoin, manage the reserves behind it, and provide digital asset custody and management. If approved, Sony would join a short list of major firms seeking national digital bank status, alongside Coinbase, Circle, Paxos, Stripe and Ripple.In a Nov. 6 letter to the OCC, the Independent Community Bankers of America (ICBA)…

As the 2027 governorship race gathers momentum in Bauchi State, the battle line is being drawn between Abuja’s expanding influence under President Bola Ahmed Tinubu and Governor Bala Mohammed’s entrenched political machinery. While both camps prepare for an epic showdown, a growing number of aspirants lacking strong political backing are struggling for relevance in a state famed for defying godfathers, RAUF OYEWOLE reports. As the countdown to 2027 begins, anxiety is mounting among governorship hopefuls in Bauchi State, particularly within the ruling All Progressives Congress (APC). Many believe President Bola Tinubu will play a decisive role in shaping the outcome…

Eric Chelle’s Super Eagles took a huge step toward the 2026 FIFA World Cup with a commanding 4–1 extra-time victory over Gabon in Rabat, Soccernet.ng reports. Head coach Eric Chelle believes the performance exhibits the identity Nigeria are gradually building under his watch. Nigeria delivered a dominant display to overturn a tense match and secure their place in the World Cup play-off final against DR Congo. Super Eagles players celebrate 4-1 victory against Gabon. Photo by NFF Comms Goals from Akor Adams, Chidera Ejuke and a late surge from Victor Osimhen sealed a memorable win, but the manager insisted the…

The Democratic Republic of Congo pulled off a shock result in the FIFA World Cup CAF qualifying playoff on Thursday, defeating Cameroon 1-0 to book their place in Sunday’s decisive final against Nigeria’s Super Eagles, Soccernet.ng reports. In a cagey encounter in Rabat, both sides matched each other stride for stride, with neither team able to impose clear dominance through the opening 90 minutes. Possession was evenly shared, both teams registered two shots on target apiece, and the midfield battle was as tight as it was tactical. Alex Iwobi, Ademola Lukmon and Calvin Bassey during the Super Eagles of Nigeria…

The lingering crisis in some communities within Ondo East Local Council of Ondo State took a fresh twist yesterday as farmers and residents disowned two detained traditional rulers, describing them as impostors and self-acclaimed leaders. The protesters, who stormed Akure, the state capital, claimed that the detained monarchs were no longer recognized as heads of their communities, insisting that their alleged actions had caused unrest in the area. Their protest followed an earlier demonstration by some farmers who alleged the illegal detention of the monarchs and the forceful takeover of ancestral lands. Addressing journalists, spokesman of the protesters, Ademola Ajibade,…

Publicly listed crypto treasuries are turning defensive as market volatility prompts a wave of corporate share buybacks across the digital asset treasury (DAT) sector.Recently, Nasdaq-listed Upexi has authorized a $50 million share repurchase program, showing a broader shift toward capital preservation even as firms continue to hold massive Solana reserves on their balance sheets. .@UpexiTreasury Announces $50 Million Share Repurchase Program"This share repurchase program underscores our confidence in Upexi’s strategy, balance sheet, and long-term growth trajectory," said Upexi CEO @UpexiAllan Read more here https://t.co/6e8YsQ5DeF— Upexi (@UpexiTreasury) November 13, 2025 Upexi Greenlights Share Buyback Amid 47% Stock DropUpexi, a Solana-focused digital…

The internal crisis within the Peoples Democratic Party (PDP) worsened on Thursday as the faction led by Acting National Chairman, Muhammad Abdulrahman, announced a boycott of the party’s national convention scheduled for Ibadan this weekend, declaring it illegal and unconstitutional. The Abdulrahman-led faction, backed by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, and several National Working Committee (NWC) members, met in Abuja and resolved to shun the Ibadan gathering, accusing the Umar Damagum-led group of “brazen disregard for valid court judgments” and “flagrant abuse of the PDP constitution.” Abdulrahman urged delegates and members across the 36 states…

The Nigerian Senate on Thursday passed for the second reading a landmark bill to repeal and re-enact the Armed Forces Act, establishing a modern, constitutionally compliant, and operationally responsive legal framework for the country’s military. Sponsored by Senator Abdulaziz Yar’adua (Katsina Central), the Armed Forces (Repeal and Re-enactment) Bill, 2025 (SB. 791) seeks to align military governance with democratic oversight, judicial accountability, and international standards.Speaking during plenary, Yar’adua noted that the current Armed Forces Act, rooted in 1960s military decrees and last consolidated in 2004, has remained largely unchanged despite evolving constitutional, operational, and security realities.“The Armed Forces of Nigeria…

The Lagos State Government has commenced an extensive eight-month rehabilitation of the Lekki-Ajah corridor, a key route that experiences heavy traffic daily. The project is scheduled to run from 15 November 2025 to 15 July 2026 and forms part of the state’s broader plan to improve road infrastructure and ease congestion. In a statement on Wednesday, the Commissioner for Transportation, Mr. Oluwaseun Osiyemi, confirmed that preliminary works have already begun. He explained that the construction would be executed in two phases to reduce disruption to motorists. “Phase One will cover the stretch from Lekki first toll gate to Lekki second…

Ethereum co-founder Vitalik Buterin says decentralized finance (DeFi) has reached a turning point, one where on-chain savings are not only viable but beginning to rival traditional banks.Speaking in a pre-recorded address at a Dromos Labs event on Wednesday, Buterin said he’s “encouraged” by how far DeFi on Ethereum has come in terms of security, maturity, and usability.“We’ll be seeing, I think, a growth in more and more cases of people, institutions, and all kinds of users around the world actually using this as their primary bank account,” he said. “DeFi as a form of savings is finally viable.”Can DeFi Become…