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Brazil Police Raid Targets Daniel Vorcaro in Banco Master Fraud Investigation
BRASILIA – Brazil’s federal police carried out search and seizure operations on Wednesday targeting businessman Daniel Vorcaro, the controlling shareholder of Banco Master, in connection with an ongoing investigation into the lender, according to sources familiar with the case. Vorcaro, a prominent figure in Brazil’s banking sector, has been under investigation following allegations of involvement
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Fed Independence Crucial to U.S. Financial Stability, ECB’s Rehn Warns
FRANKFURT — Any erosion of the U.S. Federal Reserve’s independence could trigger higher inflation and potentially jeopardize overall financial stability, according to Finnish central bank Governor Olli Rehn, who spoke on Wednesday about the importance of maintaining central bank autonomy. Rehn, a candidate for European Central Bank (ECB) vice president, expressed full support for Fed
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Lagos Govt Arrests BRT Driver After Pedestrian Killed at Ikeja Airport Junction
The Lagos State Government has arrested a BRT driver in connection with the death of a pedestrian, Elizabeth Fresh, who was struck by a high-capacity bus at Airport Junction, Ikeja. The incident occurred on Friday, January 9, 2026, involving a bus from the Red and White Bus Operating Company, regulated by the Lagos Metropolitan Area
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Pakistan Partners with World Liberty Affiliate to Explore Dollar-Linked Stablecoin for Cross-Border Payments
Pakistan has signed an agreement with SC Financial Technologies, an affiliate of U.S.-based World Liberty Financial, to explore the use of a dollar-backed stablecoin for cross-border payments, the government said on Wednesday. The Pakistan Virtual Asset Regulatory Authority (PVARA) described the memorandum of understanding (MoU) as a step to enable “dialogue and technical understanding around
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Niger Govt Orders Residents Around Kainji Lake to Vacate Within Two Months Over Security Concerns
The Niger State Government has directed residents living in villages and hamlets around Kainji Lake to vacate their homes within two months to allow for resettlement by the Emirate Council. The directive was announced in a statement by Bologi Ibrahim, Chief Press Secretary to Governor Muhammad Bago, during the governor’s condolence visit to the Emir
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Bank of England’s Alan Taylor Signals Further Rate Cuts as Inflation Approaches Target
Bank of England (BoE) policymaker Alan Taylor indicated on Wednesday that interest rates are expected to fall further as inflation is projected to align with the central bank’s 2% target by mid-2026. Taylor, speaking ahead of a lecture at the National University of Singapore, said the outlook for inflation has improved compared to earlier projections,
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Wike Approves Promotion of Over 2,000 FCTA, FCDA Workers
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has approved the immediate promotion of more than 2,000 staff of the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Authority (FCDA). The promotions followed examinations conducted from November 25 to 29, 2025, covering 165 job cadres. Emeka Ezeh, Chairman of the FCT
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Abia Local Governments Struggle as Funds Don’t Reach Councils — Don Ubani
Former Abia State Commissioner for Information and Strategy, Don Ubani, has revealed that local governments in the state are being “hijacked,” with allocated funds failing to reach the councils. Speaking on Channels Television’s ‘The Morning Brief’ on Wednesday, Ubani highlighted the severe impact of the funding shortfall on governance and public services. He explained, “Nothing
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“If You Want to Steal in Nigeria, Do It Big” — Shehu Slams Lawal Conviction
Public commentator Mahdi Shehu has condemned Nigeria’s leadership and justice system following the conviction of Anas Lawal, a man who allegedly stole food to survive. Shehu described the case as a stark example of a system that harshly punishes poverty-driven crimes while shielding large-scale corruption from accountability. In a post on X, Shehu wrote, “If
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Newswatch Co-Founder Yakubu Mohammed Dies at 75
Yakubu Mohammed, co-founder of the influential Newswatch magazine, has passed away at the age of 75 after a prolonged illness, according to reports by The Cable. His death comes just months after the passing of fellow co-founder Dan Agbese in November 2025. The family has not yet released an official statement. Born on April 4,
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