Author: News Room

A prosecution witness, on Tuesday, shared insights from a memo former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, sent to seek and obtain then-President Muhammadu Buhari’s approval for the unpopular redesign of the naira in 2022. Chinedu Eneaya, an investigator with the Economic and Financial Crimes Commission (EFCC), testified at the Federal Capital Territory (FCT) High Court in Abuja, as the seventh prosecution witness in Mr Emefiele’s trial on illegal naira redesign charges. The Economic and Financial Crimes Commission (EFCC) instituted the charges to hold him accountable for alleged illegality and widespread chaos, losses and pains caused by the…

There was pandemonium in the Asari-Toru Local Government Area of Rivers State on Tuesday following a face-off between the chairman of the local government, Hon. Onengiyeofori George and leader of the council legislative assembly, Hon. Ibifiri. The cause of the face-off could not be ascertained at the time of filing this report. However, it was learned that following a heated arguement between the duo, councillors took side with the LGA assembly leader and beat up the council chairman. A video clip making the rounds, captured moments the council chairman reportedly took to his heel. Rivers State has been enveloped in…

Kano State Commissioner for Information, Ibrahim Waiya, has said that there is nothing wrong with voluntarily aligning under one party. Waiya made this statement on Tuesday when he featured in an interview on Arise Television monitored by DAILY POST. He said, “There is nothing wrong with people voluntarily aligning under one party if it reflects a convergence of ideology and a shared commitment to deliver real change and transformation for the country. “A lot of people have been insinuating that we are tilted towards having one party system. It’s not that. Look at what is happening. “Despite the advancement of…

Police in Sokoto State have arrested suspected informants and financiers linked to bandit activities and recovered rustled cattle during an intelligence-led operation.The development was disclosed in a post shared on X on Tuesday by security analyst Zagazola Makama. According to the post, operatives of the Sokoto State Police Command, working with the community guard, carried out the operation in the early hours of Monday, at about 1:00 a.m. in Sarma Village, Tangaza Local Government Area. During the raid, two suspects, Nura Dan Haruna, 20, and Buhari Salah, 18 were arrested. They were found in possession of seven suspected stolen cows…

The Sokoto State Ministry of Youth and Sports Development has announced the suspension of the entire management team of Nigeria National League, NNL, side Sokoto United. The suspension, which takes immediate effect, is expected to last for three months. The decision was communicated in a letter signed by the Director of Administration of the Ministry, Aminu S. Fada, on Monday. The ministry will assume full responsibility for overseeing and managing all affairs of the club pending further directives. It expressed appreciation to all affected members of the management team for their dedication and selfless service to the club. Sokoto United…

ODUDUWA’S Royal House is on trial again. Its age-old feuding is resuming in earnest after a hiatus of about two decades. It is in the Yoruba nation’s interests that the sleeping dogs must remain permanently in that state. Since his enthronement in April 2025, the Alaafin of Oyo, Akeem Owoade I, has been engaging in supremacy stunts, ostensibly to assert himself as the supreme oba in Yorubaland and denigrating his colleagues in the process. The revered monarch must remember: Royalty is a creation of the culture, particularly the law and must subsume itself under constitutional authority. Nigeria became a republic…

Me: “Hello, my pal. How are you? To what do I owe this august call in January?” My friend: “Jide, you’re not serious. When last did you call me too?” Me: “It’s true, amigo. I’ve been busy lately. Man must eat now. As you know, in Naija, no food for lazy man” My friend: “You’re right. Are you at home this weekend? We need to hang out. It’s been a while.” Me: “Ah! Wrong time! I am actually in the field doing research for one of my clients.” My friend: “So, what’s your field research about? Me: “It’s about the…

Lamine Yamal and Ronald Araujo’s goals helped Barcelona reach the Copa del Rey semi-finals with a nervy 2-1 win at Albacete on Tuesday. The record 32-time cup winners were pushed to the end in a tight quarter-final clash by their second division opponents, who stunned Real Madrid in the previous round. Yamal fired Barca ahead just before half-time and Araujo headed home the second early after the break on his first start since taking a month-long mental health break at the end of last year. Albacete created several chances in the last half hour and Javi Moreno headed home with…

On Tuesday, the Department of Justice and the plaintiffs in the antitrust case against Google filed a cross-appeal, as the DOJ Antitrust Division announced in a post on X: “Today, the DOJ Antitrust Division filed notice that it will cross-appeal from the remedies decisions in its case against Google’s unlawful monopolization of internet search and search advertising.”Just a few weeks ago, Google itself filed a notice to appeal and requested a pause on the remedies ordered by DC District Court Judge Amit Mehta last year. Those remedies included requiring Google to share search data with its rivals and barring Google…

Bitcoin (BTC) scratched new lows below $73,000 on Tuesday as data shows troubling macroeconomic challenges bubbling below increasingly volatile markets. New data highlights tightening credit conditions, even as the US debt and borrowing costs stay elevated, and one analyst says this gap between credit pricing and credit market stress may define Bitcoin’s price trajectory for the upcoming months.Key takeaways:The ICE BofA US Corporate Option-Adjusted Spread is at 0.75, its lowest level since 1998.US debt stands at $38.5 trillion, while the 10-year Treasury yield is 4.28%.Bitcoin whale inflows to exchanges have risen, but the pace of onchain profit-taking is easing. ICE…