NewsReports

Crypto investors lost $664m to hackers in the first half of the year, marking a more than 50 per cent increase compared to the same period last year, according to data from DefiLlama. According to the PUNCH, the largest aggregator for decentralised finance stated that the bulk of those losses came from phishing attacks and compromised private keys. It noted …

States across Nigeria experienced another round of blackout on Saturday as the national electricity power grid crashed to 70.60 megawatts around 4 pm, according to report by the PUNCH. It marked the seventh time the national grid would collapse in 2024. The previous collapses were on February 4, April 10, April 15, March 11, March 12, and March 28. During …

This is contained in a statement issued by the Director of Public Affairs and Consumer Protection, Mr Michael Achimugu, on Thursday night, in Abuja. The Nigerian Civil Aviation Authority has suspended the licences of 10 private jet operators who failed to comply with the required recertification process. This is contained in a statement issued by the Director of Public Affairs …

Edun: health (N350b), agriculture (N500b), power generation (N500b) get priority Two million bpd oil production Reduced interest rate for SMEs Three Executive Orders signed The Federal Government has injected N2 trillion into the economy to stimulate it. It was unveiled by President Bola Ahmed Tinubu yesterday as part of an accelerated stabilisation and advancement plan. Its target is economic revival in the …

Starmer declared, “A mandate like this comes with great responsibility.”  Keir Starmer, the Labour leader set to become the first Labour prime minister in 14 years, pledges that his government will prioritise “country first, party second.” Starmer declared, “A mandate like this comes with great responsibility.”  He stressed that his administration would focus on “national renewal,” aiming to rebuild and …

Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early April, as the Nigerian National Petroleum Company Limited struggles to cover the gap between fixed pump prices and international fuel costs, six industry sources told Reuters. Although this was swiftly described as false by NNPC on Thursday, the Reuters report …

WASHINGTON — President Joe Biden on Thursday opened a critical stretch in his effort to salvage his imperiled reelection campaign, facing a growing sense that he may have just days to make a persuasive case that he is fit for office before Democratic support for him completely evaporates. In the aftermath of Biden’s disastrous debate performance last week against Republican Donald Trump, some financial backers were …

Trump, on his Facebook page, claimed that Biden’s actions are part of a broader strategy to undermine his rivals. Republican presidential candidate Donald Trump has accused President Joe Biden of using prosecutors to target his political opponent. Trump, on his Facebook page, claimed that Biden’s actions are part of a broader strategy to undermine his rivals. Trump criticised Biden’s recent …

The Court of Appeal, Abuja division, on Thursday, dismissed the ex parte order issued on May 10, 2024, by the Rivers State High Court, Port Harcourt, which barred Martin Amaewhule from parading himself as the Speaker of the Rivers State House of Assembly.  The court also dismissed the decision of the state high court stopping the 24 members of the …

LONDON — Britain’s Labour Party swept to power Friday after more than a decade in opposition, as a jaded electorate handed the party a landslide victory — but also a mammoth task of reinvigorating a stagnant economy and dispirited nation. Labour leader Keir Starmer will officially become prime minister later in the day, leading his party back to government less than five years after …