Trump Defends Earning More Than $1bn On Crypto

US President Donald Trump has defended earning an estimated $1.2 billion from his family’s cryptocurrency ventures while serving in office, insisting his financial gains are the result of broader market growth rather than any misuse of presidential power. Speaking to reporters on Wednesday, July 1, before boarding a new Air Force One aircraft gifted by…

Fake NAFDAC registration used to smuggle unregistered drugs into Nigeria — Customs

The Nigeria Customs Service (NCS) has uncovered an attempt to smuggle unregistered pharmaceutical products into the country using a fake registration number belonging to the National Agency for Food and Drug Administration and Control (NAFDAC). The Comptroller-General of Customs, Bashir Adeniyi, disclosed this during the handover of seized narcotics and expired pharmaceutical products valued at…

DSS arraigns five over alleged coup plot

The Department of State Services (DSS) has arraigned five Nigerians before the Federal High Court in Abuja over allegations that they concealed the whereabouts of former Bayelsa State Governor, Timipre Sylva, who is accused by the agency of masterminding an alleged coup plot against President Bola Tinubu. The defendants—Reuben Ayuba, Musa Mohammed, Friday Paul, Paganengigha…

CBN revokes licences of 46 microfinance banks

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MfBs), with the decision taking effect from July 1. The announcement was made in a statement issued on Wednesday in Abuja by the Acting Director of the CBN’s Corporate Communications Department. According to the apex bank, the action was taken…

120 dead in latest Sudan cholera outbreak – WHO

A cholera outbreak in Sudan has claimed at least 120 lives, with 1,102 suspected cases recorded since May in conflict-affected areas, the World Health Organization (WHO) announced on Wednesday, July 1. Sudan’s healthcare system has been severely weakened by more than three years of civil war between the Sudanese Armed Forces and the paramilitary Rapid…

Oyedele confirms Nigeria has drawn first $1.5 billion under $5 billion Abu Dhabi financing deal

The Federal Government has confirmed it has accessed the first $1.5 billion from its $5 billion financing facility with First Abu Dhabi Bank (FAB), marking the initial drawdown from the loan arrangement. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this while briefing journalists after Monday’s Federal Executive Council (FEC) meeting…

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