Author: Press Room

Ethereum’s on-chain revenue dropped sharply in August, even as ETH surged to new all-time highs. Key Takeaways: Ethereum revenue fell 44% in August despite ETH hitting a record high of $4,957. Network fees dropped 20%, largely due to lower costs from the Dencun upgrade. Institutional interest remains strong, with Etherealize raising $40M to expand Ethereum adoption. According to Token Terminal, Ethereum revenue, driven by token burns that benefit ETH holders, fell 44% month-over-month to $14.1 million, down from $25.6 million in July.The decline comes despite ETH rallying more than 240% since April, hitting a record $4,957 on August 24.Ethereum Network…

Ikenna Obianeri The Anambra State Police Command has busted an illegal factory producing fake soft drinks located in Okpoko, Ogbaru Local Government Area of the state. During the operations conducted by the police operatives attached to the Rapid Response Squad, Awkuzu, the police uncovered and dismantled several fake drinks branded as “Iyi Obeleagu Juice” and arrested one suspect found at the factory. This was disclosed in a press statement released on Sunday by the Spokesman of the Anambra State command, Tochukwu Ikenga. Ikenga stated that the products were being manufactured without approval from the National Agency for Food and Drug…

The Super Eagles of Nigeria will be without their talismanic striker Victor Osimhen when they take on South Africa at the Free State Toyota Stadium on Tuesday, Soccernet.ng reports. The Galatasaray striker led the line for Eric Chelle’s side against Rwanda at the Godswill Akpabio International Stadium in Uyo yesterday evening, and thought he’d scored the opener inside ten minutes, only for the linesman’s flag to go up for offside. Osimhen’s evening would only get worse after he was clattered into by a Rwandan defender in the 28th minute. After further on-field treatments by the Nigerian physios, the 26-year-old tried…

Former Labour Party (LP) governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has defended his recent defection to the African Democratic Congress (ADC), insisting that the move was not a betrayal of the LP’s 2023 presidential flagbearer, Peter Obi. Appearing on Politics Today, a Channels Television programme on Sunday, Rhodes-Vivour explained that Obi had been fully informed of his decision and had even sent a representative to attend his formal declaration in Alimosho, Lagos, on Saturday. “His Excellency was fully aware. In fact, a representative of his was at the declaration. We are in constant communication and aligned in purpose. There…

Center for Anti-Corruption and Open Leadership (CACOL) has condemned the proposed five per cent tax on petrol by the Federal Government.   In a statement yesterday issued by Tola Oresanwo, Director of Administration and Programmes, on behalf of the Chairman, Debo Adeniran, the group described the tax as “insensitive and counterproductive,” arguing that it would worsen economic hardship, inflation and increase job losses. According to CACOL, the tax policy lacks clear justification, particularly given the government’s recent announcement of meeting its revenue targets without borrowing.   The organisation questioned the rationale behind the new charge, suggesting it may be an attempt to silence…

•Rhodes-Vivour defies police siege, declares for ADC•Coalition party, Majekodunmi-Oniru condemn attacks on ADC members•Warn against rising authoritarianism in Nigeria Miscreants, suspected to be political thugs, yesterday, invaded a rally organised by the Lagos State chapter of the African Democratic Congress (ADC), led by a former Minister of Interior, Rauf Aregbesola. The rally, held at Lion Field in Alimosho Local Council of the state, was organised to receive and welcome the presidential candidate of the Labour Party (LP) in the 2023 general elections, Peter Obi, and the party’s 2023 governorship flag bearer in Lagos State, Gbadebo Rhodes-Vivour. It was gathered that…

Few episodes have stirred as much confusion as South Africa’s ongoing dispute over Teboho Mokoena’s yellow card suspension, Soccernet.ng reports. The midfielder, who is a key figure in Hugo Broos’ Bafana Bafana side, was fielded against Lesotho in a crucial 2026 FIFA World Cup qualifier despite having accumulated two bookings in earlier matches. That decision has left South Africa in the spotlight for all the wrong reasons. Per reports, Lesotho lodged a formal protest with FIFA to demand a three-point deduction and a 3-0 forfeiture. Teboho Mokoena of South Africa during the 2026 FIFA World Cup. Photo by Oty Silas…

SDP crisis: INEC okays Gabam-led NWC, writes police on resolution of dispute A media aide to former Vice President Atiku Abubakar, Paul Ibe, has urged the Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, to release what he described as the “comprehensive results” of the 2023 presidential election before the end of his tenure. Ibe, in a post on X yesterday, said Yakubu should make public the detailed results from the polling units, even if they had been tampered with, to put to rest the lingering controversies over the conduct of the election. He maintained that such…

Lagos State Governor, Babajide Sanwo-Olu, has hailed the nomination of Lagos as host city of the 2027 Intra-African Trade Fair (IATF).The state was nominated by the African Export-Import Bank (Afreximbank), in collaboration with the African Union and the African Continental Free Trade Area (AfCFTA) Secretariat, as host city of IATF. The development marks a historic moment for the country and the West African sub-region. Responding to the announcement in Algiers, in a statement yesterday, Sanwo-Olu said the choice of Lagos underscores Nigeria’s pivotal role in Africa’s economic integration and the state’s status as a major commercial and financial hub. According…

• 2027: No consensus to unseat Tinubu, Okechukwu tells ADC• President will sail into electoral victory without stress, says APC chieftain Lagos State chapter of the All Progressives Congress (APC) has dismissed former Sokoto State Governor, Aminu Tambuwal’s claim of a “national consensus” to unseat President Bola Ahmed Tinubu, describing it as another failed attempt to rewrite the obvious truth. The APC said that Nigerians overwhelmingly supported Tinubu in the 2023 elections and had continued to back his government. Spokesman of the APC, Oluseye Oladejo, who spoke yesterday, said Tinubu’s administration had shown a focus on performance and progress, citing…