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Nigeria’s House of Representatives has initiated a major regulatory move by inaugurating an ad hoc committee tasked with reviewing the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations across the country. Specific Regulatory Actions PlannedThe committee’s primary focus is to develop a comprehensive legislative and regulatory framework for the digital finance…

Nigeria is currently in talks with the China Export and Import Bank (China Eximbank) to secure a $2 billion loan. The primary purpose of this financing is to build a new national “super grid” aimed at overhauling the country’s dilapidated power infrastructure and significantly reducing persistent power shortages. Purpose and Infrastructure TargetThe loan is specifically…

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have approved a modest oil production increase of 137,000 barrels per day for November, signaling a cautious approach as the group seeks to balance market stability against weakening global demand. The decision, which involves eight key members including Saudi Arabia and Russia, represents a…

Cooking gas prices remain stubbornly high across Nigeria, especially in the South-West, despite the suspension of the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The industrial action, launched to protest the dismissal of 800 workers by the Dangote Refinery, had intensified an already fragile supply situation, leading to prolonged…

Sean “Diddy” Combs, one of hip-hop’s most influential moguls, has officially been sentenced to four years and two months in federal prison. The 55-year-old music executive, known also as Puff Daddy, P. Diddy, and Love, received the sentence on Friday after being convicted in July on two counts of transportation to engage in prostitution a…

In a dramatic twist to one of hip-hop’s longest-running feuds, rapper Curtis “50 Cent” Jackson has sent a letter to Judge Arun Subramanian, who is presiding over Sean “Diddy” Combs’ high-profile legal case. The message, which circulated widely on social media, combines serious warnings about public safety with Jackson’s trademark trolling style. According to reports,…

Former Senator for Adamawa North, Elisha Abbo, has been detained by officers of the Nigeria Police Force Criminal Investigation Department (FCID) in Abuja following grave allegations of raping a 13-year-old secondary school student. According to the victim’s parents, the incident allegedly occurred on June 29, 2025, at Abbo’s private residence in Katampe, Abuja. They further…

The shocking announcement, delivered by Big Brother, came after an altercation involving Faith and fellow housemate, Sultana, during a group task. The incident escalated when Faith was deemed to have committed an act of physical aggression, a serious and non-negotiable violation of the Big Brother House rules.The Rule is Clear: Zero Tolerance for Violence Lagos,…

The nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against the Dangote Refinery was suspended following Federal Government intervention, providing a temporary sigh of relief for the nation’s energy sector. However, that peace is hanging by a thread. In a powerful clarification that should worry policymakers and the refinery…

On Wednesday, October 1, Elon Musk made history once again, officially becoming the first person in the world to reach a staggering $500 billion net worth. This unprecedented financial milestone not only solidifies his position as the richest person in the world but also fuels speculation that he could soon become the world’s first trillionaire….