Author: News Room

The African Democratic Congress has condemned the Senate’s decision to reject key provisions of the Electoral Act Amendment Bill, warning that the move undermines the credibility, transparency, and integrity of Nigeria’s electoral process. PUNCH Online had reported that the Senate declined a proposed amendment to Clause 70, Subsection 3 of the Electoral Amendment Bill that aimed to make the electronic transmission of election results mandatory. Explaining the Senate’s stance, Senate President Godswill Akpabio noted that the chamber did not outrightly reject the proposal but rather chose to maintain the current provision in the Electoral Act. In a statement issued on…

CardinalStone Asset Management Limited has closed Series 1 of the CardinalStone Infrastructure Debt Fund, securing N12.63bn in investor commitments. According to a statement from the firm on Wednesday, the successful close of the funding round marked an important milestone in CardinalStone’s broader infrastructure ambitions. The firm expects to continue capital raising under the Debt Sub-fund while advancing plans for the Equity Sub-fund under the CardinalStone Umbrella Infrastructure Fund. The PUNCH reports that the CardinalStone Infrastructure Debt Fund is the maiden sub-fund under the N500bn CardinalStone Umbrella Infrastructure Fund, Nigeria’s first umbrella infrastructure fund structure, designed to offer investors flexibility to…

Senegal have unveiled their squad for Saturday’s FIFA U-20 women’s world cup qualifying clash against Nigeria’s Falconets and have commenced preparations in Abeokuta ahead of the first leg of the third round encounter, PUNCH Sports Extra reports. The Senegalese football federation announced the list on Wednesday, with head coach Mbayang Thiam selecting a balanced group drawn largely from domestic academies and clubs, alongside a handful of foreign-based players. The team is headlined by 2025 CAF Young Player of the Year finalist, Adji Nidaiye of Bourges 18, with Yakhara Diagne of AS Bambey and Fatou Nidaiye Camara of Lycee Ameth Fall…

Nollywood actress Angela Okorie has publicly apologised to her colleague, Mercy Johnson, her children and family, over past misunderstandings. In the video shared on her Instagram account on Wednesday, Okorie began by thanking her fans for thier support, saying, “Hi everybody, this is your one and only Legit Queen. I just want to say a very big thank you to all my fans around the world. I mean, I don’t know what I might have done for you guys to show me this massive love. I’m not a perfect being. Yes, I am not.” She explained that the video was…

Tether’s dollar-pegged stablecoin USDt expanded to a record $187.3 billion market capitalization in the fourth quarter of 2025, even as the broader crypto market slid following October’s liquidation cascade.According to its latest quarterly report, the USDt (USDT) market cap grew by $12.4 billion in Q4. Data shows that USDt has been widening its dominance while competitors retreated. After the major liquidation event on Oct. 10, the market cap of Circle’s USDC (USDC), the second-largest stablecoin, fluctuated throughout the rest of Q4 but closed the period largely unchanged. Ethena’s synthetic dollar USDe, ranked third among stablecoins at CoinMarketCap, dropped by 57%.…

Shifting Gears season 2 ended with a love triangle cliffhanger — but there’s already plans for more “bombshell” reveals in season 3. During the Wednesday, February 4, finale of the hit ABC sitcom, Matt (Tim Allen) and Eve (Jenna Elfman) got their happy ending — more on that here — when they reconciled and jetted off to Spain. Matt’s daughter, Riley (Kat Dennings), however, found herself in a much more complicated place in her love life. Riley came clean to Gabe (Seann William Scott) about her feelings for him after two seasons of build-up, even ending her romance with newcomer…

Troops of the Joint Task Force, Operation HADIN KAI, have arrested a suspected logistics supplier to ISWAP terrorists and facilitated the safe repatriation of 700 Nigerian refugees from Cameroon into Borno. A credible military source revealed this to the News Agency of Nigeria (NAN) on Thursday in Abuja. The source said the second phase of the voluntary repatriation of Nigerian refugees from Cameroon was successfully conducted at the Banki border in Bama Local Government Area. He said that troops of 152 Task Force Battalion, alongside other security agencies, provided maximum security during and after the exercise to ensure the safety…

Kun Khalifat FC has sent shockwaves through Nigerian football after announcing its immediate withdrawal from the Nigerian Premier Football League (NPFL), describing recent sanctions imposed on the club as unfair, excessive, and damaging to its future. In a strongly worded statement released on the club’s official platforms, the owner of Kun Khalifat FC Michael Amaefula said the decision was taken with “great disappointment and frustration,” insisting the club could no longer remain in what it sees as an unjust system. “It is with great disappointment and frustration that I, the owner of Kun Khalifat FC, announce our immediate withdrawal from…

Energy expert, Nick Agule, has criticised Nigeria’s electricity pricing regime, describing it as punitive to consumers despite poor and unreliable supply, while warning that state governments lack the capacity to shoulder rising power costs. Agule spoke on Wednesday during an interview on ARISE TV, where he compared electricity costs in Nigeria with those in the United Kingdom, drawing attention to what he described as a stark imbalance between tariffs and service delivery. “They haven’t put in anything, and Nigerians are just being strangulated with policies,” Agule said. “There’s something I will say now that will shock Nigeria. I pay for…

Isaac Fayose, brother of former Ekiti governor, Ayodele Fayose, has expressed disappointment over the state of democracy in Nigeria, describing the opposition as  powerless. In a video shared on X, Fayose lamented the collapse of the country’s political and electoral systems. “ADC is dead on arrival. Peter Obi can never be president. Nobody can be president again unless they select you.” He criticized the rejection of electoral reforms by the Senate, the weakening of the judiciary, and the broader political system, warning that these developments have left Nigerians without meaningful opposition. “Electoral reform is gone. Even the initiatives that Jonathan…