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Bitcoin drops below $75,000, returns to pre-Trump levels

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Bitcoin dipped below $75,000 on Monday, returning to levels seen before US President Donald Trump’s re-election, as investors pulled back from risky assets and US cryptocurrency legislation stalls.

Digital currencies had soared after Trump was elected in November 2024, as he was widely viewed as a strong supporter of the sector.

One month later, bitcoin — the world’s largest cryptocurrency — crossed the $100,000 mark for the first time, a milestone Trump publicly celebrated.

Bitcoin suffered a sharp setback in April, falling below $75,000 after the announcement of sweeping US tariffs rattled global markets.

The volatile asset later resumed its rise, reaching a record high of $126,251.31 in October, before undergoing another pullback.

The latest downturn is largely driven by ongoing regulatory uncertainty.

While Congress passed a law in July to regulate stablecoins — a form of cryptocurrency backed by traditional assets — a broader crypto bill, the Clarity Act, has stalled in the Senate.

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“Expectations for progress on the Clarity Act have not been met,” said James Butterfill, a researcher at digital asset manager CoinShares, describing the uncertainty as a “headwind” on crypto prices.

Bitcoin’s decline deepened after Trump announced Friday he would nominate former Federal Reserve governor Kevin Warsh to be the next US central bank chief.

Warsh, seen by observers as a defender of the Fed’s independence, reassured traditional markets, prompting investors to sell safe-haven assets such as gold and silver, whose prices plunged.

Many investors also rushed to sell cryptocurrencies and other risky assets to help raise cash.

Trump’s close ties to the crypto sector have sparked accusations of conflicts of interest, as he has promoted his own cryptocurrency-related ventures since returning to office.

According to recent Bloomberg estimates, his family’s fortune grew by $1.4 billion last year from digital assets alone.

Just hours before his inauguration in January 2025, the 79-year-old billionaire launched his own cryptocurrency, $TRUMP.

After a blockbuster debut, it has since lost around 90 percent of its value from its peak.

AFP

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Police nab hotel owner, recover gun, drugs from premises

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Police arrest two kidnappers in Anambra
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By Chuks Collins, Awka

Police in Anambra State have arrested three men in connection with unlawful possession of firearms and some hard drugs.

The suspects include 39-year old Mr Ifeanyi Ibeabuchi, 26 year old Mr Abdullahi Shaibu and 18 year old Mr Obah Chima for unlawful possession of a firearm and involvement in illicit drug activities at Uke, Idemili North Council area of the State.

According to a statement by the state Police Public Relations Officer(PPRO), SP Ikenga Tochukwu, Operatives attached to Rapid Response Squad acting on credible information in the late hours of February 9, 2026 stormed a motel located in Uke where the criminals were arrested.

The statement disclosed that “during a search, one Jojef pump action gun with breach number 21SA-0724, loaded with three live cartridges was recovered at the scene.

“Also, Mr Ifeanyi confessed to the crime as investigations led to the arrest of the other two suspects and the recovery of substances suspected to be Cannabis Sativa, Crystal Methamphetamine, Colos, and Mkpuru-mmiri.”

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The PPRO charged citizens to join sustain the ongoing operations against criminal elements in the State and urges members of the public to continue providing useful information to aid policing efforts.

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Mbaka storms Ebonyi, offers prayers as Nwachukwu, AE-FUNAI new VC assumes office

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Professor Daniel Nwachukwu new Vice Chancellor of Alex Ekwueme Federal University, Ndufu-Alike Ikwo (AE-FUNAI) with Rev. Fr Ejike Mbaka
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Fiery Catholic Priest, Rev. Fr Ejike Mbaka has predicted glorious level for Alex Ekwueme Federal University, Ndufu-Alike Ikwo (AE-FUNAI), Ebonyi State under the new Vice Chancellor, Professor Daniel Nwachukwu.

Mbaka stated this at the university chambers shortly after blessing the Vice Chancellor, during the handover ceremony from his predecessor, Prof Sunday Elom.

He described Nwachukwu as an achiever reputed for his humility, amiability, amicability, transparent ingenuity and authentic relationship with people.

Rev. Fr Ejike Mbaka praying for Professor Daniel Nwachukwu new Vice Chancellor of Alex Ekwueme Federal University, Ndufu-Alike Ikwo (AE-FUNAI), Ebonyi State

He expressed confidence in the university administrator’s leadership capacity which he said will take the school to a very high level.

“This is one of the wonders that have happened in the university because Professor Daniel Nwachukwu is noted for his humility, for his amiability, for his amicability, for his transparent ingenuity, for his manifest spirit of leadership, for his ingenuous acumen of authentic relationship with people.

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“He is a lover of the youths. So, him being the Vice Chancellor, I am thanking God that he will take this noble university to another glorious level and be a blessing for the whole Nigeria. And because he is here, he is a God-fearing man and he will equally attract the presence of God for the favour of men.

“By the special grace of God, I am praying this noble institution to be in another higher level whereby the school will be so higher than eagles and navigate through every storm.

“Professor Daniel Nwachukwu is an achiever and I can say an iconic achiever, a super achiever on the seat, not just one who can suggest but an executor.

“I pray that God will use him in the next five years and bring more noble glorious achievements here and the students will be happy and the staff will be happy,” Mbaka said.

Nwachukwu, a Professor of Cardiovascular Physiology in the Department of Physiology, Faculty of Basic Medical Sciences, University of Nigeria Enugu Campus (UNEC) was appointed the 4th Vice Chancellor of AE-FUNAI by the institution’s governing council on December 20, 2025.

Elected the Deputy Vice-Chancellor of UNEC in 2023, Nwachukwu had his first degree at the University of Lagos in Human Physiology in 1995 and later moved to the University of Benin for his master’s degree in 1997 and PhD in 2012.

He has had an illustrious career in the academia spanning over 26 years having joined the services of UNN as a lecturer in July 1999 and rose to the highest academic rank of a professor in 2016.

The distinguished scholar who hails from Okposi in Ohaozara LGA of Ebonyi State was the 201st inaugural lecturer of UNN where he expounded on the potency of zobo drink for the management of high blood pressure. He delivered the lecture at the Enugu Campus of the university on March 7, 2024.

His research interests include Physiology, Flavonoids, Hypertension, Saponins, Hepatotoxicity, Antihypertensive, and Alkaloids. Prof. Nwachukwu has published numerous papers in reputable journals and has supervised several postgraduate students.

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I’ll soon be arrested by federal authorities —- Nasir El- Rufai

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Nasir El-Rufai
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Nasir el-Rufai, former governor of Kaduna, says he expects to be arrested “any moment now” by federal authorities.

Speaking in a recent interview with BBC Hausa, el-Rufai said four individuals who worked closely with him during his tenure as governor have already been arrested, adding that he believes he may be the next.

He alleged that the ruling All Progressives Congress (APC) is aggressively pressuring politicians, either to defect to the party or to remain inside it, the battle for 2027 begins to take shape.

“Four people who worked with me in Kaduna have been arrested. So, for me, it’s only a matter of time—they will come for me too,” he said.

The former governor, who governed Kaduna for eight years on the platform of the APC before defecting to the African Democratic Congress (ADC), has in recent months sharply increased his criticism of President Bola Tinubu and the ruling party.

His warning comes against the backdrop of intensified political horse-trading and defections across the country as various camps position themselves for the 2027 presidential election.

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