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Silvergate Bank revenue soar in Q1 as institutional crypto trading activity falls
On Tuesday, Silvergate Bank, a crypto-fiat gateway network designed for financial institutions, announced its results for the first quarter of 2022. During this period, its revenue and net income grew by 93% and 94% year-over-year, respectively, to $59.9 million and $24.7 million. The company is most notable for its Silvergate Exchange Network, or SEN, which facilitates U.S. dollar and euro transfers between cryptocurrency exchanges and institutional investors. Despite its growth, however, institutional interest in crypto took a significant hit in Q1 due to the ongoing bear market. As told by Silvergate, the amount of SEN transfers it facilitated decreased from $167 billion in Q1 2021 to $142 billion in Q1 2022. Simultaneously, as part of broader industry trends, Bitcoin (BTC) and Ethereum...
JAMB boss lists major challenges
Prof. Is-haq Oloyede, Registrar, Joint Admissions and Matriculations Board (JAMB) said malpractice and indiscipline are some of the board’s major challenges yet to be fully addressed. The Registrar made this known when members of the Senate Committee on Basic and Secondary Education visited the board’s headquarters in Bwari, Abuja on Monday. Oloyede said that the challenges, unfortunately, were mostly with regards to parents trying to bend the system by all means and get their wards or children into schools, irrespective of their performance. “Our challenge remains examination malpractice, especially with regards to parents who keep calling me to favour their wards or children whether they meet the requirements of the system or not. “There’s also indiscipline from the tertiary institutions...
President Buhari: Nigerian government to implement policies that will tackle Niger Delta challenges
President Muhammadu Buhari has expressed his administration’s desire to implement genuine policies that would help in tackling problems affecting the Niger Delta region to make life more meaningful to the people. Buhari gave the assurance during the commissioning and handing over of the erosion control and road improvement works in Owo Local Government to the Ondo State Government. The president, who was represented by the Minister of State, Ministry of Niger Delta Affairs, Sen. Omotayo Alasoadura, noted that the erosion control of flooded area/road project was one of the ecological intervention projects approved and executed by the federal government through the Ecological Fund Office, in the Office of the Secretary to the Government of the Federation (OSGF), for the good people of Owo an...
Anambra election: Group hails APC panel for confirming Senator Andy Uba as party’s guber candidate
A group, under the umbrella of All Progressive Congress (APC), Concerned House of Assembly 2019 Candidates, has hailed Governor Inuwa Yahaya, of Gombe State, led Anambra APC Primary Election Committee, for confirming Senator Andy Uba, as the standard-bearer of the party, for the November 6th, 2021 Anambra governorship election. Tribune Online gathered that the National Working Committee (NWC) of the party, shortly after the June 26, 2021, APC Primary election, held across the 21 local governments of Anambra State, set up a reconciliatory committee, headed by Governor, Inuwa Yahaya, to address other 11 aspirants that called for the cancellation of the process, including the Minister for Labour and Productivity, Dr Chris Ngige. The group, in a statement, signed and made available to Newsmen ...
Nigerian government set to tackle oil, gas infrastructure vandalism with skills acquisition
The Federal Government has expressed plans to create a reorientation programme aimed at engaging the youth in skills acquisition to address oil and gas infrastructure vandalism. The Minister of Niger Delta Affairs, Sen. Godswill Akpabio, stated this at a Town Hall Meeting on “Protecting Oil and Gas Infrastructure” on Monday in Abuja. Newsmen report that the town hall meeting was organised by the Federal Ministry of Information and Culture. Akpabio said that the programme would be targeted at the pupils and students of primary and secondary school across the nine states in Niger Delta. He explained that the Federal Government was currently meeting with stakeholders, traditional rulers, youth groups and all others from one state to the other. “We are setting up skills acquisition centres, we...
Chris Alao-Akala, Sunday Dare applaud Senator Ajimobi’s legacies
Former Gov. Christopher Adebayo Alao-Akala of Oyo State and Minister of Youth and Sports Development, Mr Sunday Akin Dare, have applauded the late former Governor of the state, Sen. Abiola Ajimobi’s legacies. The duo, in their separate statements made available to newsmen on Friday, described the late former governor as a focused and committed statesman. Newsmen report that Ajimobi died on June 25, 2020, following reported complications arising from COVID-19 infection. Ajimobi, who died at the age of 70, was the first civilian governor to rule the state for two consecutive terms. NAN also reports that the late Ajimobi was, until his death, the Aare of Ibadanland and Deputy National Chairman (South) of APC. Alao-Akala, in a statement signed by his Media Aide, Tolu Mustapha, said that he now...
Senator Nwaoboshi dumps PDP for APC, meets President Buhari
Senator Peter Nwaoboshi has quit the PDP to join the All Progressives Congress. He was welcomed by President Muhammadu Buhari on Friday in Abuja. Sen. Nwaoboshi, represents Delta North District, Delta State. He was presented to President Buhari and National Caretaker/Extraordinary Convention Planning Committee (CECPC) at the State House by Deputy Senate President, Ovie Omo-Agege. The Deputy Senate President said Senator Nwaoboshi’s decision to join the APC clearly shows that the effort of the CECPC was yielding fruit. The Senator was warmly welcomed by party members. Nwaoboshi was suspended for a month by the PDP a few days ago, accused of anti-party activities. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what...
Senator Ayogu Eze not suspended – APC
The All Progressives Congress (APC) has dismissed the purported suspension of former senator representing Enugu North senatorial district, Senator Ayogu Eze, describing it as a ruse. A former chairman of Ward 7, Mr. Nwokedi Ugwuoke, had circulated information on alleged suspension of Sen. Eze. Reacting to this, APC State Caretaker Chairman, Enugu State, Dr. Ben Nwoye, in a letter to the party’s National Chairman and governor of Yobe State, Buni Mai Mala, said the former chairman of Senator Eze’s Ward 7 had no power to suspend anybody. While asking the APC and the general public to ignore the purported suspension of Eze, he said the APC was investigating Ugwuoke and will soon apply appropriate sanction against him. He said the alleged suspension of the former senator was laughable and of no...
Cross River North: Senator Odey floors Joe Agi at election tribunal
The Election Petitions Tribunal sitting in Calabar Friday, upheld the victory of the Peoples Democratic Party (PDP) candidate, Dr. Stephen Odey, in the Cross River North Senatorial District by-election. Delivering the judgment in a petition by Joe Agi (SAN) with number: EPT/CR/SEN/03/2020, the chairman of the three-man election tribunal, Justice Yusuf Muhammad, upheld the preliminary objection raised by Odey’s lawyer that the two grounds of petition were pre-election matters. The Tribunal, therefore, struck out the petition for lack of merit. The tribunal also held that Jarigbe Agom, who is the second respondent in the petition, was never cleared nor contested the December 5, 2020, PDP primaries. It therefore faulted the Independent National Electoral Commission (INEC) for the wrongful iss...
Senator Gyang: Nigerian government hasn’t captured Plateau in housing units resettlement
Deputy Chairman Senate Committee on Defence and Senator representing Plateau North, Istifanus Gyang, said Federal Government is yet to consider Plateau State on the 500 housing units constructing for for destroyed communities in North East due to Insecurity. He appealed to President Muhammadu Buhari in the spirit of fairness and Justice to come to the aid of Plateau communities, particularly destroyed communities in Barkin-Ladi, Riyom, Bassa and other villages in Plateau North. Sen. Gyang disclosed this on Monday during an interaction with Journalists at his constituency office, tagged, “The People’s Parliament” lamented over the the deteriorating security situation in the country. “I have being crying out for Federal Government to include Plateau State in the 500 housing units being build...
PDP: OGSIEC plotting to shut us out of Ogun council poll
The Ogun chapter of Peoples Democratic Party has accused the Chairman of the State Independent Electoral Commission, OGSIEC, Barr. Babatunde Osibodu, of meddling in the affairs of the party. Alh Sikirulai Ogundele, Ogun chairman of PDP said this during a press conference at the Ogun NUJ Secretariat, Okelewo, Abeokuta. Ogundele who was accompanied by some aggrieved members of the party, said there was a renewed calculated attempt by OGSIEC to keep meddling in the affairs of the party by deliberately obstructing the cause of justice as far as PDP’s participation in the forthcoming LG election is concerned. He said this was in spite of the fact that that the party had gone through a phase of robust reconciliation of all interests while verifiable documents have been submitted to properly guid...
South-East National Assembly caucus decry attacks, killings in Igbo land
The South-East Caucus of the National Assembly said it was surprised with the recent spike in violence in the South-East region, noting that it is now worried over the latest developments, which have thrown Igbo land into violence and confusion. The caucus led by a former deputy Senate President, Senator Ike Ekweremadu (PDP, Enugu) is a platform of all Senators and Members of House of Representatives from the South-East zone irrespective of political party. It, therefore, called on the Inspector General of Police, Usman Alkali Baba, to dig deep in his investigations to unravel the actual identities of the unknown gunmen causing havoc in the South-East. In a statement issued on Sunday and jointly signed by 10 federal lawmakers cutting across both chambers of the National Assembly, the South...
