News – Page 78 – Democracy Radio

$50bn Crypto Flows Through Nigeria In One Year – SEC

By Oluwakemi Kindness Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has revealed that more than $50 billion worth of cryptocurrency transactions passed through Nigeria between July 2023 and June 2024. He said this figure underscores investors’ growing appetite for high-risk digital assets outside the traditional financial market. He stated this while speaking at the annual conference of the Chartered Institute of Stockbrokers, where he presented a lead paper titled: "Evaluating the Nigerian Capital Market Masterplan 2015–2025". Agama […]

October 27, 2025

General

NDLEA Uncovers UK-Bound Cocaine, Raids Lagos Nightclub Over Drug Party

By Oluwakemi Kindness The National Drug Law Enforcement Agency (NDLEA) has intercepted a consignment of 70 parcels of cocaine, weighing 3.6 kilograms, concealed in cocoa butter body cream containers bound for London, United Kingdom. The discovery was made on October 14, 2025, at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, during the examination of cargo labeled as personal effects on an Air Peace flight to London. NDLEA spokesperson Femi Babafemi in a statement on Sunday in Abuja said a […]

October 27, 2025

General

Kanu Rejects Defence Witnesses, Says no Valid Charges Against Him

By: Aremu Toyeebaht The detained leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, has opted not to call any witnesses in his ongoing terrorism trial, insisting that the charges brought against him by the Federal Government lack legal merit. At the resumed hearing on Monday before Justice James Omotosho of the Federal High Court in Abuja, Kanu told the court that after reviewing the case file, he concluded that there was “no valid charge” against him. “I […]

October 27, 2025

World News

Cuba Accuses U.S. of Intimidation Ahead of U.N. Vote on Blockade Resolution

By Chinedu Echianu Cuba’s Minister of Foreign Affairs, Bruno Rodríguez Parrilla, has accused the United States government of waging an “extraordinary campaign of intimidation, deception, and misinformation” against other nations ahead of the upcoming United Nations General Assembly (UNGA) debate on the U.S. embargo against Cuba. Rodríguez made the allegation during a press briefing in Havana on Wednesday, where he said Washington is pressuring several governments — particularly in Latin America and Europe — to alter their traditional support for […]

October 26, 2025

Business

Private Sector Warns Senate Against Politicising NSITF, Rejects Proposed Amendment

By Chinedu Echianu The Organised Private Sector of Nigeria (OPSN) has strongly opposed the Senate’s proposed amendment to the Nigeria Social Insurance Trust Fund (NSITF) Act, warning that the move could erode transparency, weaken governance, and expose the Fund to political control. In a letter to Senate President Godswill Akpabio, the OPSN — a coalition of major business groups including the Manufacturers Association of Nigeria (MAN), Nigeria Employers’ Consultative Association (NECA), Nigeria Association of Chambers of Commerce, Industry, Mines […]

October 26, 2025

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Sport

New Nigeria Aquatic Federation Board Inaugurated

By Arinzechi Chukwunonso The Nigeria Aquatic Federation (NAqF) has officially inaugurated its newly constituted board, marking the beginning of a new era for aquatic sports development in the country. The inauguration ceremony, held in Abuja, brought together sports administrators, athletes, technical experts, and stakeholders in the aquatic ecosystem, all eager to witness the emergence of a leadership team that promises to elevate Nigeria’s presence in global water sports. In the keenly anticipated inauguration, Dunkwu Chamberlain Nnamdi emerged as President of […]

October 26, 2025 2

Business

NSITF Inaugurates Strategic Inter-Agency Coordination Committee to Deepen Stakeholder Collaboration

By Chinedu Echianu The Nigeria Social Insurance Trust Fund (NSITF) has inaugurated a Strategic Inter-Agency Coordination Committee aimed at consolidating the gains of its ongoing stakeholder consultations and engagements, as part of efforts to reposition the Fund for greater efficiency and impact. Speaking on behalf of the Managing Director and Chief Executive, Oluwaseun Faleye, the Executive Director, Administration, Samaila Abdu, inaugurated the committee on Friday at the Fund’s corporate headquarters in Abuja. Abdu explained that the committee’s core mandate is […]

October 26, 2025

Economy

CBN Welcomes Nigeria’s Removal from FATF Grey List

By Oluwakemi KindnessCBN Governor Olayemi Cardoso. The Central Bank of Nigeria (CBN) has commended the Financial Action Task Force (FATF) for its decision to remove Nigeria from the list of jurisdictions under increased monitoring, commonly known as the grey list. The FATF’s announcement follows a successful on-site evaluation of Nigeria’s reform measures and acknowledges the country’s substantial progress in strengthening the framework for anti–money laundering, counter-terrorism financing, and counter-proliferation financin A statement on Saturday by CBN's acting Director Cooperate communication, […]

October 25, 2025

Local News

DG NILDS Urges IEDPU to Unite on Kwara Leadership Choices

By Chinedu Echianu The Director General of the National Institute for Legislative and Democratic Studies (NILDS), Professor Abubakar Sulaiman, has called on the leadership of the Ilorin Emirate Descendants Progressive Union (IEDPU) to take a proactive stance on leadership recruitment processes in Kwara State. Professor Sulaiman made the appeal on Friday in Abuja, when the leadership of the IEDPU Federal Capital Territory (FCT) branch, led by its Chairman, Alhaji Luckman Atanda, paid him a courtesy visit to felicitate with him […]

October 25, 2025