Donald Trump's cryptocurrency ventures generated over $1 billion in 2025
via Punch Nigeria2 min read
US President Donald Trump reported approximately $1.2 billion in income from his cryptocurrency activities in 2025, according to documents released by the US Office of Government Ethics. A 1978 law mandates that the president and vice president disclose their income and assets. The documents, spanning over 900 pages, indicate Trump received nearly $550 million from his association with World Liberty Financial, a cryptocurrency platform launched in September 2024. The Trump family supported and lent their name to this platform, which issued its own cryptocurrency, WLFI. The initial sale of WLFI generated $550 million. Trump and his three sons also acquired an additional 22.5 billion WLFI, valued at around $1.3 billion, through an intermediary company, DT Marks Defi. In April 2025, WLF also introduced its stablecoin, pegged to the dollar. Trump's income disclosure also details $635 million in royalties from a licensing agreement for the $TRUMP cryptocurrency, launched just before his January 2025 inauguration. These cryptocurrency activities are cited as the primary reason for the near tripling of his personal fortune, which increased from $2.3 billion to $6.5 billion between 2024 and 2026, according to Forbes. Trump also earned several million dollars from shares in publicly listed cryptocurrency companies, including the Coinbase exchange platform. The president's assets are managed in a trust by his son, Donald Trump Jr., with bylaws allowing for its dissolution at any time,
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Nigeria's urban logistics landscape is undergoing a transformation, with bicycle couriers becoming an increasingly common sight in major cities like Lagos, Abuja, Port Harcourt, and Ibadan. This resurgence is driven by rising fuel prices, worsening traffic congestion, and the rapid expansion of e-commerce. While a relatively small part of the informal economy, industry observers note it is among the fastest-growing segments of Nigeria's gig workforce, largely propelled by food delivery apps and online shopping platforms. For many riders, typically young men aged 18 to 35, the job provides income, helps finance education, and serves as a stepping stone for future ambitions. Unlike conventional dispatch riders, bicycle couriers rely on pedal power, allowing them to navigate traffic and access narrow streets, making them effective for short-distance deliveries. The profession has historical roots in Nigeria, dating back to the colonial era for transporting messages and official correspondence. The low entry barrier, with the main expense being a bicycle costing between N50,000 and N120,000, makes it an accessible option for unemployed graduates, students, and school leavers. Technology, including AI and automated dispatch systems, has also improved task allocation fairness. Riders often receive weekly payments, which helps them manage expenses and plan for the future. Despite challenges like heavy rainfall and poor road infrastructure, bicycles offer advantages such as speed, ma
According to statistics released by the Nigerian Correctional Service NCoS on Tuesday, 1,271 offenders are currently serving non-custodial sentences across Nigeria. This total includes 1,137 males and 134 females. Community service is the most common non-custodial measure, with 1,038 offenders, comprising 992 males and 46 females. Additionally, 12 offenders are on parole nine males, three females, and 34 are serving probation sentences 30 males, four females. The NCoS data also indicates that 162 offenders are participating in restorative justice programs 84 males, 78 females, and 25 are under other non-custodial measures 22 males, three females. Overall, males constitute approximately 89 percent of the non-custodial population. The non-custodial service, introduced under the Nigerian Correctional Service Act, 2019, aims to decongest custodial centers by offering alternatives to imprisonment such as community service, probation, parole, and restorative justice. This reform replaced the Nigerian Prisons Service framework and aligns with the Administration of Criminal Justice Act ACJA 2015. Implementation began in phases, with the Federal Capital Territory and Lagos among the first to adopt these measures, which have since expanded to states like Adamawa, Anambra, Edo, Kano, Lagos, and Plateau.
Must ReadFuel marketers in Nigeria have warned they will cease petrol sales nationwide if the Federal Government attempts to enforce price controls. This warning from Chinedu Ukadike, National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria IPMAN, follows remarks by the Minister of State for Petroleum Resources Oil, Heineken Lokpobiri. The minister stated that while petrol prices are deregulated, regulators must still protect consumers from exploitation, especially as crude oil prices have fallen without a corresponding decrease in gantry prices. The Federal Competition and Consumer Protection Commission also expressed concern over potential consumer exploitation. Lokpobiri urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA to prevent profiteering. However, Ukadike denied allegations of profiteering, citing losses incurred by marketers due to recent price reductions by the Dangote refinery. He argued that the government should investigate the root causes of high prices and boost competition by ensuring local refineries are operational and encouraging more importation. Ukadike emphasized that market forces of demand and supply should determine prices in a deregulated market. Billy Gillis-Harry, National President of the Petroleum Products Retail Outlet Owners Association of Nigeria PETROAN, acknowledged the minister's power to intervene but stressed the importance of consulting with all stakeholders. He suggested a meetin