News

SEC lifts the red flag on ‘Punisher Coin’ Cryptocurrency, warning the risk of public investment

The Securities and Exchange Commission (SEC) has issued a company warning to the Nigerian public, urged them to avoid cryptocurrency known as Punisher Coin, symbolized as $, which is described as invalid, not regulated, and has the potential to cheat. In a statement released on Sunday from Lagos, the Commission condemned the ongoing online promotion and presale activities around digital …

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Downgrade of Afreximbank Defective Rating, Lampoon Aprm Fitch

The African Peer Review Mechanism (APRM) has described the recent decrease in African export-exports (Afreximbank) from the long-term default publisher (IDR) to ‘BBB-‘ from ‘BBB’, as defects, while calling for the assessment agent to re-examine the criteria. Fitch Ratings, in the Ranking Action comments released on Wednesday, June 4 lowered the ranking of the default long-term publisher Afreximbank (IDR) to …

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Tinubu confer national honors to some federal legislators

President Bola Tinubu President Bola Ahmed Tinubu Will, Thursday 12 June 2025, will confer national honors on a selected group of federal legislators during a special joint session of the National Assembly. The commemorative event, organized by the leadership of both the Senate and the Chamber of Representatives, will be held at the Chamber of the House of Representatives inside …

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Sanwo-Olu reiterates loyalty to Tinubu, rejecting RIFT rumors as baseless

The Governor of the State of Lagos, Babajide Sanwo-Olu, has denied speculation of the ongoing rift between himself and the President of the Tinubu Bola, describing such claims and driven by external forces who want to move the division. Speaking with journalists on Sunday after a closed meeting with the president at his ikoyi residence, Sanwo-Olu refused rumors as media …

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FG declares the holidays for the celebration of the 2025 democracy day

The federal government declared on Thursday 12 June 2025, as a public holiday to commemorate the celebration of this year’s democracy day. The Minister of the Interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government in a declaration signed by Dr. Magdalene Ajani, permanent secretary of the Ministry, Sunday. While congratulating the Nigerians on this occasion of …

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Skydiving planes crashed in Tennessee with 20 on boats, injuries to report

The emergency crew responded to a serious flight incident on Sunday at Coffee County, Tennessee, after a plane carrying 20 people crashed shortly after taking off, pushed medical responses and rapid investigations. According to the Tennessee Highway Patrol, the plane dropped near Old Shelbyville Road, not far from the Tullahoma Regional Airport, which was just taking off. “Some have been …

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Sebun Showunmi met President Tinubu in Lagos, Sparks Political Buzz

Segun Showunmi, the prominent ally of Atiku Abubakar and a former spokesman for the People’s Democratic Party Presidential Campaign (PDP), had made a surprise visit to the Tinubu Bola President at his personal residence in Lagos, increasing new speculation about political aliasization ahead of the 2027 election. Showunmi, who once competed for the PDP Governor’s ticket in the State of …

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