Author: Press Room

Taiwo Oyedele, Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, has dismissed claims that the recent downturn in the Nigerian capital market was triggered by U.S. President Donald Trump’s remarks about the country. Speaking on Channels Television’s Business Morning, Oyedele explained that the fluctuations on the Nigerian Exchange (NGX) were part of normal market behavior rather than politically motivated sell-offs. “The capital market naturally experiences ups and downs,” he said. “Even after the recent dip, returns remain around 40 percent, and in dollar terms, close to 50 percent. This is still one of the best-performing markets globally.…

The Monetary Authority of Singapore (MAS) plans to pilot the issuance of tokenized MAS bills that will be settled using central bank digital currency (CBDC). Key Takeaways: MAS will pilot tokenized government bills settled with a CBDC. The move marks a major step toward integrating blockchain-based assets into Singapore’s financial system. DBS, OCBC, and UOB have tested interbank lending using the Singapore dollar wholesale CBDC, signaling growing real-world adoption of tokenized finance. Speaking at the Singapore FinTech Festival on Thursday, MAS Managing Director Chia Der Jiun said tokenization has evolved beyond the experimental phase and is now seeing real-world use.“Are…

A group advocating for the creation of Aba State has said that the demand before the National Assembly is the most economically viable among all state creation proposals currently under consideration. Chairman of the Aba State Movement, HRH Eze Love Wogu, and Secretary-General, Godfrey Ihechinyere Akara, in a statement, argued that throughout Nigeria’s complex history of state creation, the quest for Aba State stands out as a persistent and enduring endeavour. According to the movement, the current pursuit for the creation of Aba state is not a recent, politically motivated demand but a century-long pursuit rooted in a distinct identity.  The group said:…

Former Chelsea and Super Eagles midfielder John Obi Mikel has called on Nigeria’s players to put aside their frustrations and channel their energy into Thursday’s decisive CAF World Cup qualifying playoff against Gabon in Rabat, Morocco, Soccernet.ng. The 2013 Africa Cup of Nations winner made his appeal amid growing tension within the camp after the team refused to train on Tuesday in protest over unpaid bonuses and allowances owed by the Nigeria Football Federation (NFF). The protest forced a temporary halt in preparations until Wednesday, when the issues were reportedly resolved and training resumed. Former Super Eagles and Chelsea midfielder…

A latest study by cybersecurity company Surfshark has ranked Nigeria as the 16th most breached country in Q3 2025, with 408,900 leaked accounts. It was revealed yesterday that in 2025, the country had witnessed 566,300 breached accounts. Senior Product Manager at Surfshark, Sarunas Sereika, said, “The increase of AI tools means that even minor data breaches can now be leveraged at scale. Previously, exploiting leaked data required significant technical skill, but AI has lowered the barrier to entry, allowing malicious actors to rapidly analyse and weaponise even seemingly insignificant data, transforming leaked names, addresses, and preferences into highly personalised attacks.”…

Former Super Eagles goalkeeper Daniel Akpeyi has officially stepped into coaching after being appointed goalkeeper coach at Future of Africa, a newly promoted side in the Gauteng Development League (GDL) Soccernet.ng reports. The 39-year-old, who has been without a club since leaving Marumo Gallants at the end of last season, has now found a new way to stay in the game that defined much of his life. Daniel Akpeyi had been a free agent since mid-2023 and previously told FARPost he was preparing for life after active football. Akpeyi Daniel, Super Eagles of Nigeria during the 2022 World Cup Qualifier…

• Peter Obi donates N10m to Ibadan Nursing College• Seeks improved welfare for health professionals Former President Olusegun Obasanjo, yesterday, joined Oyo State Governor, Seyi Makinde, to commission the newly completed Ibadan Central Bus Terminal at Iwo Road, a massive modern transport hub that now stands where congestion and chaos once reigned. Obasanjo, while commending Makinde’s developmental vision, also lauded the governor’s courage in governance and commitment to people-oriented projects. Makinde, in his address, described the project as a symbol of progress and renewal for Oyo State. Speaker of the House of Assembly, Adebo Ogundoyin, described Makinde as “the engineer…

A judge at the Dubai International Financial Centre (DIFC) has imposed a worldwide freeze on $456 million in assets tied to the alleged misappropriation of TrueUSD (TUSD) stablecoin reserves, a case linked to Tron founder Justin Sun’s earlier bailout of the token. Key Takeaways: A Dubai court has ordered a worldwide freeze on $456 million in assets linked to the alleged diversion of TrueUSD reserves. The injunction targets Dubai-based Aria Commodities DMCC, which allegedly received the funds instead of the designated reserve account. Tron founder Justin Sun previously covered the $456 million shortfall to protect TUSD holders. H.E. Justice Michael…

Seeks urgent action on gender inclusionWomen occupy just 4.5 per cent of seats in the 10th National Assembly, a stark indicator of the persistent gender imbalance across leadership structures in the country. The figure, 21 out of 469 legislators, is among the lowest in Africa and falls far below the global average of 27.2 per cent. This data forms part of the findings from the inaugural state of Women’s Leadership in Nigeria Report released by Women In Leadership Advancement Network (WILAN) Global, which also marked the formal launch of the next phase of its MsRepresented advocacy campaign. The campaign calls…

• We must ensure democracy makes sense, says Olawepo-Hashim• APC dismisses Amaechi’s threat to mobilise against Tinubu in 2027 Resident Electoral Commissioner (REC) for Benue State, Prof. Sam Egwu, has alleged that every President of Nigeria since 1999 has consistently violated the Constitution and abandoned its fundamental principles of social justice and citizen welfare. This was as a 2027 presidential hopeful, Dr Gbenga Olawepo-Hashim, warned that democracy in Africa risks a relapse into dictatorship unless political leaders give governance a human face. Meanwhile, the Lagos State Chapter of the All Progressives Congress (APC) has dismissed the call by former minister, Rotimi…