General
Luno Begins Crypto Staking Service in Nigeria
By Adedapo Adesanya
Cryptocurrency platform founded in Africa, Luno, has launched crypto staking in Nigeria, becoming the first operational crypto platform in the country to offer this feature.
According to a statement, the move opens up a new frontier in passive income for Nigerian users, who can now earn up to 18 per cent annually on select digital assets, directly within the Luno app.
The feature debuts with four leading proof-of-stake assets: Cosmos (ATOM), Solana (SOL), Polkadot (DOT) and NEAR Protocol (NEAR).
With these, users can begin earning rewards by simply holding their assets, without trading or taking on additional exposure. Rewards are paid out regularly, and staked assets remain accessible at all times, with no minimum amounts required and no fixed lock-up periods or hidden fees.
Luno noted that as demand grows for more stable, passive income options in the Nigerian crypto space, users have typically faced limited, often risky choices – relying on offshore platforms.
So with Luno’s introduction of a high-yield staking option, it seeks to respond directly to this gap by offering a first-of-its-kind, locally available, and compliance-led solution.
Too woo users, for the first three months, significant platform fees will be waived, increasing the rewards customers receive.
Speaking about the launch, Mr Ayotunde Alabi, CEO of Luno Nigeria said, “It has become evident over time that Nigerians are increasingly looking beyond trading to build long-term value with digital assets.
“We’ve evolved beyond the era of speculation and hoping a reward is earned. People are seeking informed, safe, and equally rewarding alternatives, and staking offers that path. It represents a new phase of crypto adoption, one rooted in sustainability and utility.
“Our aim is to support this shift with tools that are easy to use, transparent, and aligned with real financial goals, all while maintaining our high standards of safety and compliance as a licensed operator.”
The launch in Nigeria follows Luno’s earlier rollouts in South Africa and Malaysia, where it has seen strong adoption. In South Africa alone, over 150,000 customers have opened staking wallets, with more than R1.5 billion worth of crypto assets staked via the platform, further signalling the growing appetite for passive crypto products in regulated environments.
Luno added that the exchange’s model is designed to lower barriers for participation while maintaining full transparency.
“Customers retain full control over their assets, can unstake at any time, and begin earning with as little or as much crypto as they choose,” it said in a statement announcing the development on Wednesday.
This latest addition reinforces Luno’s commitment to expanding secure and practical financial tools for everyday users across Africa, while continuing to lead the way in responsible innovation within the crypto industry.
General
Pastor Ogbueli’s Abuja Night of Glory Holds Today
By Blaise Udunze
Momentum is gathering for the Abuja Night of Glory taking place today, Friday, December 5, 2025, at the main bowl of the Moshood Abiola National Stadium.
The crusade is being hosted by Dominion City Church headed by Pastor David Ogbueli and it starts by 7pm.
The all-night programme will feature dynamic worship leaders like Nathanial Bassey, Dunsin Oyekan, Theophilus Sunday, Chioma Jesus, Kaestrings, Sunmisola Agbebi Okeleye, Minister GUC, Ebuka Songs, Anthony Kani, and DC Angels.
Reputed as a teacher of righteousness and anointed minister of the gospel, evidenced by the miracles that have trailed his ministry, and one who champions the cause of the poor through empowerment initiatives, Dr. David Ogbueli will be joined by renowned ministers from within and outside Nigeria, including Evangelist Andres Bisonni, Dr. Charles Ndifon, Evangelist Dan Scott, Apostle Ikechukwu Nnajiofor, and several others.
Night of Glory has, in previous editions held across Nigeria’s cities, recorded remarkable results, such as immediate healings and freedom from chronic ailments, recovery of vision and movement after many years of paralysis, along with liberation from dependencies and emotional distress. Numerous participants have also shared testimonies of breakthroughs and big personal changes after the experience. Organisers state that this year’s event, in Abuja, is anticipated to exceed previous editions.
The event is intended for all individuals trusting God for divine intervention in any area of life.
Understanding the role of faith in the destiny of individuals and nations, a dedicated prayer session for Nigeria will take place during the crusade to tackle some of the current challenges being faced in the country and also to uplift he leaders and institutions before God.
Attendance is free, and registration is encouraged via the QR codes on event banners. Organisers expect a massive turnout as worshippers travel from across the country for what is anticipated to be a transformative encounter.
Adequate security and free transportation have been put in place ALL over the city of Abuja, while those outside Abuja are expected to join online.
General
Rivers Speaker, 15 Other Lawmakers Leave PDP for APC
By Modupe Gbadeyanka
The Speaker of the Rivers State House of Assembly, Mr Martin Amaewhule, has defected to the All Progressives Congress (APC).
At the plenary on Friday, Mr Amaewhule joined the ruling party from the opposition Peoples Democratic Party (PDP), along with 15 other members of the state parliament.
This development comes some months after they had earlier declared their support for the APC in the wake of a crisis with the state governor, Mr Sim Fubura.
The lawmakers had an issue with Mr Fubura, which led to a state of emergency declared on the oil-rich state by President Bola Tinubu in March 2025.
This embargo was only lift in September 2025 after the duration of the six-month emergency rule in the state.
A few days ago, members of the Rivers Assembly passed a vote of confidence on President Tinubu, backing him to remain in office till 2031, when he would have spent eight years in office if re-elected in 2027.
Announcing their defection today, the lawmakers pinned their decision on the crisis rocking the PDP at the national level.
It is not certain if their political godfather, Mr Nyesom Wike, who is the current Minister of the Federal Capital Territory (FCT), will join them in APC.
Mr Wike, who governed Rivers State from 2015 to 2023, has been accused of instigating the crisis in the opposition PDP. He was expelled from the party last month at a national convention held in Ibadan, Oyo State.
General
Nigeria Risks Brain Drain in Energy Sector—PENGASSAN
By Adedapo Adesanya
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that Nigeria risks massive brain drain in the oil and gas sector due to poor remuneration.
The president of PENGASSAN, Mr Festus Osifo, said at the end of the National Executive Council (NEC) meeting of the union on Thursday in Abuja that the industry was facing challenges arising from Naira devaluation and inflation, noting that, oil and gas skills remained globally competitive.
Painting an example, he said, “A drilling engineer in Nigeria does the same job as one in the US or Abu Dhabi,” noting that the union must take steps to bridge the wage gap to prevent members from leaving the country for better opportunities abroad.
“If we don’t act, the brain drain seen in other sectors will be child’s play,” he said.
According to him, PENGASSAN has recorded significant gains through collective bargaining across oil and gas branches.
“We signed numerous agreements across government agencies, IOCs, service and marketing sectors,” he said.
He said the agreements brought relief to members facing rising costs of living, adding that, the association’s duty is to protect members’ jobs and enhance their pay.
Mr Osifo urged companies delaying salary reviews and those foot-dragging as a result of the prevailing economic realities, to do the needful.
He said the industry employed some of the nation’s best talents, making competitive pay critical to retaining skilled workers.
“This industry recruits the best. Companies must provide the best conditions,” he said.
On insecurity, Mr Osifo urged government to take decisive action against terrorism and kidnappings across the country.
“We are tired of condemnations. government must expose sponsors and protect citizens,” he said.
He urged government at all levels to prioritise tackling insecurity through better funding and equipment for security agencies.
Mr Osifo said PENGASSAN supported calls for state police to improve local security response, adding that decentralising policing will protect citizens better than rhetoric.
He also said economic indicators meant little, if food prices remained high and farmers could not return to farms due to insecurity.
“Nigerians want to see food on the table, not macroeconomic figures,” he said, urging the government to coordinate fiscal and monetary policies to ensure economic gains reach households.
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