Author: News Room

Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take effect on Friday at 9:00 pm UTC.The exchange will replace its current fixed pricing method with an Orderbook EWMA model for commodity-based traditional finance (TradFi) perpetual contracts. EWMA, or exponential weighted moving average, uses orderbook data that is smoothed over time rather than relying on a fixed reference price during periods of lower activity. Binance said the change will apply…

Gigi Hadid’s father, Mohamed Hadid, appeared to fall for AI-generated pictures purporting to show the model on the red carpet at the 2026 Met Gala. Mohamed, 77, shared a collage of seemingly AI-generated images in an Instagram post on Monday, May 4, depicting Gigi, 31, in a white and gold gown at the annual fashion event, per screenshots shared on social media. It’s not clear where the images originated. “She looks like she came out of a frame from the museum. A classic Hadid moment,” Mohamed captioned the post, which has since been deleted. Mohamed shares daughters Gigi and Bella,…

A Chief Magistrate’s Court in Ikeja, Lagos State, on Tuesday, remanded a 42 -year- old man, Howell Imoni, in the Kirikiri Correctional Centre for allegedly raping his neighbour’s 11-year-old daughter. The chief magistrate, Omolara Kushanu, who did not take Mr Imoni’s plea, directed that the case file should be sent to the Director of Public Prosecutions (DPP) for advice. Mrs Kushanu adjourned the case until 27 May for the DPP’s advice. The defendant, who resides at No. 2, Bangelu St. off Command, Ipaja, Lagos, is facing one count of rape. Earlier, the prosecutor, Adegoke Ademigbuji, an assistant superintendent of police,…

Kled AI, an opt-in AI data marketplace, has temporarily removed its AI app from the Nigerian App Store, with IP banned across the region, due to what it described as the country’s high fraud rate and increasing instances of fake data on the app. Avi Patel, the founder of the AI data marketplace, confirmed the removal in an X post on Monday, noting Nigerians uploaded pictures of black screens, duplicate photos, internet-generated images, and AI-generated images, rather than usable data. According to the 22-year-old founder, Mr Patel, despite paying people for data uploaded, Nigeria still had a 95 per cent…

The World Health Organisation (WHO) has confirmed an outbreak of hantavirus infection aboard a cruise ship carrying 147 passengers and crew, following a cluster of severe respiratory illnesses reported on Tuesday. The outbreak has so far recorded seven cases, including two laboratory-confirmed infections, five suspected cases, and three deaths. One patient remains critically ill in intensive care, while three others have mild symptoms and are being monitored on board the vessel, currently moored off the coast of Cabo Verde. Health authorities in Cabo Verde, the Netherlands, Spain, South Africa and the United Kingdom are coordinating response measures with WHO support,…

The Niger State Police Command has confirmed a violent communal clash in Gambwa village, via Fuka in Munya Local Government Area, which resulted in the death of one person and destruction of property. According to the Police Public Relations Officer, Wasiu Abiodun, the incident occurred on April 30, 2026, following a distress call received at about 12:30 p.m. regarding unrest in the community. He explained that police operatives attached to Gwada Division were immediately deployed to the scene, where they discovered that several settlements had been set ablaze by angry youths, leading to the destruction of huts, houses, and other…

The immediate past National Vice Chairman of the All Progressives Congress (APC) for the North-East, Mustafa Salihu, has joined the Adamawa State governorship race. Salihu unveiled his nomination and expression of interest forms to a crowd of supporters in Yola on Tuesday afternoon, when he also officially opened his campaign office. Addressing the gathering, he craved their support all the way towards achieving his ambition to lead the state, urging all APC members to remain loyal and united, as party cohesion is critical for victory. Speaking on the occasion, Speaker of the Adamawa State House of Assembly, Bathiya Wesley, said…

A tragic road accident on Lagos’ Third Mainland Bridge has claimed the life of a woman, while her 30-year-old daughter survived the crash. The Lagos State Traffic Management Authority, LASTMA, confirmed that the incident occurred earlier in the day at the Ilaje inward Iyana Oworo axis of the bridge. According to the agency, the crash involved a head-on collision between two Toyota Sienna vehicles with registration numbers LSR 809 GV and LSR 695 HM. The impact of the collision, authorities said, highlights the dangers associated with reckless driving, particularly excessive speeding. LASTMA officials explained that upon receiving a distress call,…

Jamie Carragher has predicted that Arsenal could effectively secure the Premier League title this weekend following Manchester City’s unexpected draw against Everton. The Cityzens ended the match at Hill Dickinson Stadium with a 3-3 draw, leaving them five points behind their competitors, although they have a game in hand. During a discussion on the Sky Sports set, Carragher emphasized that a victory for Mikel Arteta’s team against West Ham United, who are battling relegation, would clinch the league title for them. He remarked that the only match that might pose a challenge for the Gunners is their upcoming visit to…

The organisers of Big Brother Naija have hinted at the return of the reality television show for its 11th season, with auditions expected to begin soon. In a post shared on its official X account on Tuesday, the organisers dropped a teaser message that read, “Biggie is calling. Are you ready to answer?” alongside a video announcement confirming that auditions will commence shortly. The post also stated, “It’s back. Auditions coming soon!” sparking excitement among fans of the long-running reality show. The announcement comes months after the conclusion of the show’s tenth season, which returned to screens on July 26,…