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Germany’s Inflation Eases in January, Boosting Rate Cut Hopes

Germany’s inflation rate unexpectedly eased in January, marking its first decline in several months and reinforcing expectations of further interest rate cuts in the eurozone. According to preliminary data released on Friday by the federal statistics agency Destatis, the annual inflation rate in Europe’s largest economy fell to 2.3%, down from 2.6% in December. Core…

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EFCC Begins Prosecution in Crypto Fraud, Romance Scam Case

By Ayomide Otitoju Nearly two months after announcing the arrest of 193 foreigners and 599 Nigerians in a large-scale operation targeting cryptocurrency investment fraud and romance scams, the Economic and Financial Crimes Commission (EFCC) has commenced prosecution of some of the suspects. On Friday, the EFCC arraigned 13 Chinese nationals and a company, Genting International…

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Trial of Former Kogi Governor Yahaya Bello Continues in Abuja Court

By Ayomide Otitoju The trial of former Kogi State Governor, Yahaya Adoza Bello, alongside Umar Shuaibu Oricha and Abdulsalami Hudu, resumed on Wednesday before Justice Maryanne Anenih of the Federal Capital Territory High Court. During the proceedings, the first prosecution witness (PW1), Fabian Nwaora, testified that Shehu Bello, an associate of Yahaya Bello, requested a…

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WHO Mobilizes Support to Contain Sudan Virus Disease Outbreak in Uganda

By Ayomide Otitoju The World Health Organization (WHO) has initiated swift response measures following the confirmation of a Sudan virus disease outbreak in Uganda. The virus, belonging to the same family as Ebola, was reported today, prompting WHO to support national health authorities in containing its spread. WHO is deploying senior public health experts and…

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Israel Suspends Prisoner Release as Gaza Militants Free Hostages

Israel suspended the planned release of Palestinian prisoners on Thursday after Gaza militants freed three Israeli hostages and five Thai nationals amid chaotic scenes. “Prime Minister Benjamin Netanyahu, along with Defence Minister Israel Katz, has instructed the delay of the release of the terrorists scheduled for today until the safe departure of our hostages in…

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