Author: News Room

The Old Students Association of Owo High School has called on the Ondo State Government to intervene in what it described as the continued encroachment on the school’s land by suspected land grabbers. During a visit to The PUNCH Place in Magboro, Ogun State, on May 20, leaders of the association alleged that there was a deliberate attempt by individuals to take over parts of the school’s land, thereby frustrating efforts by the alumni to improve infrastructure and learning facilities. Led by its national president, Foluso Falaye, the association claimed that several complaints and petitions to the state government had…

Endowed with well over 3,000 kilometres of navigable inland waterways and a coastline stretching 853 kilometres, Nigeria possesses the natural capacity to become Africa’s foremost maritime economy. What it now requires is the institutional will to actualise this feat. Nigeria’s renewed commitment to the Blue Economy stands as one of the most consequential policies to anchor its post-oil economic quest. As global economies increasingly prize sustainable maritime industries, climate-resilient infrastructure, and ocean governance, Nigeria is endowed with natural advantages that could propel it to the forefront of Africa’s maritime landscape. Considered together, an Exclusive Economic Zone spanning 200 nautical miles,…

Sundry Markets Limited, has grown from a single store in Yenagoa, Bayelsa State, to 41 stores across 19 cities and 15 states, as the parent company of Marketsquare officially marks its 10th anniversary, celebrating a decade of aggressive expansion that has transformed it into Nigeria’s largest homegrown grocery retail chain. What began as a single retail outlet in 2015 has scaled into a massive nationwide footprint. The milestone, celebrated at a recent anniversary gala themed “10 Years Strong – Powered by People, Driven by Purpose”, highlights the company’s growth. This is contained in a statement issued by Sundry Markets Limited…

National football federations are spending millions in their pursuit of World Cup glory, with Brazil manager Carlo Ancelotti emerging as the highest-paid coach at the 2026 FIFA World Cup. According to salary figures compiled ahead of the tournament, Ancelotti earns an annual salary of £8.28 million, placing him comfortably ahead of his counterparts at the competition. The former Real Madrid manager, who took charge of Brazil in a landmark appointment, is expected to lead the South American giants’ bid for a record-extending sixth World Cup title. England manager Thomas Tuchel is the second-highest earner on the list with an annual…

Ethereum treasury company Bitmine Immersion Technologies is launching a $300 million perpetual preferred stock offering, borrowing a page from Strategy’s financing playbook. Bitmine told the SEC on Wednesday that it intends to offer 3 million of its 9.5% Series A perpetual preferred stock at $100 per share, which will trade under the symbol BMNP within 30 days of issuance. Preferred shares are a hybrid of stocks and bonds. Investors are not directly betting on the company’s growth but lending it money in exchange for regular payments. For every $100 share, Bitmine will pay dividends on a weekly basis, amounting to $9.50 per…

MMA fighter Hrishikesh Koloth died last month in a fatal black bear attack. He was 27. Koloth, who was working on a mining site in Canada, died on May 8, multiple outlets reported. The young worker, originally from Kerala, India, was an independent contractor for UraniumX Discovery Corp. He was working at the exploration company’s site approximately 50 miles northeast of Points North Landing in central Saskatchewan, when he was attacked and killed by the bear. “We are deeply saddened by this tragic loss,” UraniumX CEO Esen Boldkhuu said in a statement at the time. “Our thoughts and deepest condolences…

The Nigerian Electricity Regulatory Commission, NERC, has approved a special compensation package for eligible Band A electricity customers affected by power supply shortfalls caused by grid generation constraints between February and March 2026. In a public notice issued on Thursday, the commission said the directive became necessary following significant generation shortages across the Nigerian Electricity Supply Industry, NESI, which hindered Distribution Companies, DisCos, from delivering the committed service levels to some Band A customers. According to NERC, the shortfalls were largely caused by inadequate gas supply and the vandalism of critical gas and transmission infrastructure, factors beyond the direct control of…

A coalition of stakeholders from opposition political parties in Gombe State has defected to the ruling All Progressives Congress, APC, declaring support for President Bola Tinubu’s re-election bid and the governorship aspiration of Dr Jamil Isyaku Gwamna ahead of the 2027 elections. The coalition comprises members of the Peoples Democratic Party, PDP, African Democratic Congress, ADC, and Labour Party, LP, who said their decision followed a review of the outcomes of their respective parties’ primary elections. Speaking on behalf of the group, Prof. Sulaiman Dankande, Nura Abba, Abdullah Amtai, Dedan Mela and Murtala Usman Dukku said they had resolved to…

An auto-crash has claimed the lives of six persons, including members of the National Youth Service Corps, NYSC, along the Narehi area of the Girei-Song Local Government Area of Adamawa State. The State police spokesman, Suleiman Nguroje, in a statement said the incident involved a military Gun truck travelling from Gombi towards Yola and a commercial Hummer bus conveying five (5) passengers from Yola to Mubi. “Preliminary findings reveal that both vehicles were involved in a head-on collision, resulting in the commercial bus flipping over and bursting into flames. “Tragically, all five passengers aboard the Hummer bus were burnt to…

Erling Haaland’s father, Alfie and agent Rafaela Pimenta have clarified Real Madrid transfer agreement reports regarding the Manchester City striker. Haaland’s name has been making headlines in the Spanish press in recent hours. This comes after Enrique Riquelme, a candidate for the presidency of Real Madrid, announced that he already had an agreement with the Norway international to sign a contract if he won the elections. His statement caused such a stir that it prompted Alfie and Pimenta to publicly clarify the situation. “All very entertaining but not true. We wish all the best for both candidates in the Real…