Tether’s flagship stablecoin, USDT, is under increased scrutiny in the European Union as the region’s landmark Markets in Crypto-Assets (MiCA) regulation nears full implementation on December 30, 2024.With MiCA introducing stringent compliance requirements for stablecoin issuers, questions surrounding USDT’s adherence to these standards have fueled speculation about its future in the EU.Coinbase’s Proactive Move: Delisting USDT Earlier this month, Coinbase, a leading U.S.-based exchange, took the significant step of delisting USDT for EU customers due to compliance concerns related to MiCA.The move has sparked widespread debate, with some applauding Coinbase’s proactive stance while others argue that Tether’s status should be determined…
Author: Oladi Samuel
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The National Agency for Food and Drug Administration and Control (NAFDAC) has revealed that it destroyed over ₦120 billion worth of seized products nationwide in six months.According to NAFDAC Director-General, Prof. Mojisola Adeyeye, the operations spanned Nigeria’s six geopolitical zones and the Federal Capital Territory (FCT) seizing substandard and falsified medicines, counterfeit foods, and beverages in six months, covering October to December 2024.She disclosed this in her Christmas and New Year messages and urged citizens to prioritize safety by purchasing food and beverages only from credible outlets and avoiding products without NAFDAC registration numbers.Prof. Adeyeye warned that products sold at…
The Lagos State Government has implemented stricter measures to combat noise pollution, requiring nightclubs, lounges, bars, and worship centres to obtain permits for events involving amplified sound.These regulations aim to safeguard the health and well-being of Lagosians during the festive season and beyond.Tokunbo Wahab, the Lagos State Commissioner for Environment and Water Resources, announced this via his official X (formerly Twitter) account on Saturday, emphasizing the government’s zero-tolerance stance on noise pollution.Wahab highlighted that events with amplified sound must be conducted in soundproofed, enclosed spaces to protect residents from the harmful effects of excessive noise. ‘“Establishments such as worship centers,…
Elon Musk’s internet company, Starlink, has again announced a price increment that would see subscribers on its Residential Plan paying N75,000 per month, an increase from the current N38,000.This comes a month after the company had suspended the price increment it announced in September following a rebuttal from the Nigerian Communications Commission (NCC) which said Starlink did not secure approval for the increment contrary to existing rules.On the latest announcement, it is still unclear if the Commission had granted Starlink approval as the Director of Public Affairs at the Commission, Dr. Reuben Mouka, told Nairamentrics he had not been briefed…
The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, has announced that the Presidential Initiative to Unlock the Healthcare Value Chain (PVAC) is set to boost Nigeria’s pharmaceutical market share in Africa, with a target of at least 15% by 2030.He also disclosed that the initiative targets increasing local manufacturing of pharmaceutical products to meet at least 70% of our domestic demand by 2030.Pate shared this on his X (formerly Twitter) handle on Friday.Providing updates on the Presidential Initiative to Unlock the Healthcare Value Chain, Prof. Pate emphasized the administration’s resolve to turn the health sector into…
Sokoto Governor Ahmed Aliyu has signed the 2025 Appropriation Bill into law, assuring residents of his commitment to delivering more dividends of democracy to the state.This was disclosed in a statement on Saturday by Abubakar Bawa, Press Secretary to the Sokoto State Governor.Gov. Aliyu, who described the 2024 budget implementation as a success, promised to continue executing people-oriented projects already underway.Dividends of Democracy Aliyu emphasized that in the outgoing year, his administration successfully executed numerous developmental projects across the state.“We will sustain this invaluable gesture by delivering more dividends of democracy to the doorsteps of our people,” he vowed, reaffirming his…
The Niger Delta Development Commission (NDDC) has announced a N30 billion fund aimed at fostering young entrepreneurship in the Niger Delta region.In a statement released on Saturday, the NDDC revealed that the funds will be channeled through the Niger Delta Chamber of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA) to support the growth and development of young entrepreneurs in the region.NDDC Managing Director, Dr. Samuel Ogbuku, disclosed this during a recent interview.He emphasized the Commission’s dedication to empowering youths through economic initiatives, including training and support for Small and Medium Enterprises (SMEs). Supporting Genuine Businesses Dr. Ogbuku underscored the importance of verifying…
As the Supreme Court prepares to hear a pivotal case regarding TikTok’s future in the United States, President-elect Donald Trump has called for a postponement of the January 19 deadline requiring the app’s sale or an outright ban.In a request filed by Trump’s solicitor general nominee, John Sauer, the incoming administration is seeking additional time to negotiate a resolution that could balance national security concerns with the platform’s continued availability in the U.S.The filing positions Trump as uniquely qualified to broker a deal that satisfies all parties involved. “President-elect Trump alone possesses the consummate dealmaking expertise, the electoral mandate, and…
The Transmission Company of Nigeria (TCN) has officially informed the public that Abuja residents will experience temporary power outages this weekend due to essential maintenance work at two critical transmission substations.According to a statement released on Saturday, December 28, 2024, by Ndidi Mbah, General Manager of public Affairs at TCN, these planned activities are designed to enhance the operational efficiency and reliability of the power infrastructure in the affected areas.The maintenance schedule will commence on Saturday, December 28, from 9 a.m. to 1 p.m., during which TCN engineers will undertake technical servicing on a 60MVA power transformer and its associated…
Norway has introduced changes to its Seasonal Work Visa program, which allows foreign nationals to work temporarily in the country.These updates, set to take effect in 2025, will impact the eligibility criteria, application procedures, and job categories covered under the program.TravelBiz reports that the changes are aimed at addressing labour shortages in specific industries while providing foreign workers with temporary employment opportunities in Norway.The program has long been a key pathway for thousands of workers seeking jobs in seasonal sectors, such as agriculture, tourism, and forestry.Seasonal work visa The Seasonal Work Visa permits foreign nationals to work in Norway for a…