Author: News Room

Nigeria’s crude oil production could rise to 1.9 million barrels per day in the near term following recent improvements in output, the Nigerian Upstream Petroleum Regulatory Commission has said. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this on Wednesday during a meeting with the Chairman of the Nigeria Revenue Service, Zacch Adedeji, at the NRS headquarters in Abuja. This was contained in a statement issued by the Head of Media and Corporate Communications of the NUPRC, Eniola Akinkuotu, on Wednesday. Eyesan said the country’s oil industry had continued to record production growth, noting that crude output reached…

Crypto exchange CoinMENA has entered a banking agreement with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates.Under the agreement, CoinMENA will use Standard Chartered to support fiat on- and off-ramps, client money accounts and virtual account-based transaction management, according to a press release shared to Cointelegraph. The exchange said the arrangement would improve transparency and liquidity settlement with approved global counterparties. In the announcement, Standard Chartered UAE, Middle East and Pakistan CEO Rola Abu Manneh said the UAE had established itself as a leading regulatory environment for digital assets, creating opportunities for financial institutions and…

Teresa Giudice keeps it candid. The Real Housewives of New Jersey star, 54, recently underwent a “little refresh” on her neck thanks to a cosmetic procedure using threads captured in a video shared via Instagram on Tuesday, June 16. In the clip, Injx by Natia Rufolo went in and applied dissolvable threads to Giudice’s neck. The procedure helps stimulate collagen production and create a smooth and youthful appearance. After the threads were inserted in her skin, the specialist gently pulled the strings upward to lift Giudice’s neck. Rufolo noted that she applied a couple of threads “here and there.” The…

Charcoal dealers in Ebonyi State have reported a significant increase in sales as soaring prices of cooking gas compel many households to adopt cheaper alternatives for domestic cooking. A survey conducted by the News Agency of Nigeria (NAN) in Abakaliki on Wednesday showed that charcoal markets were experiencing increased patronage from residents struggling to cope with the rising costs of Liquefied Petroleum Gas (LPG) and kerosene. Some dealers told NAN that demand for charcoal had risen considerably in recent months, resulting in improved sales and higher profits. They attributed the boom to the persistent rise in cooking gas prices, which…

The recent decision by the Inspector-General of Police, Olatunji Disu, to deploy Deputy Inspectors-General of Police to their respective geopolitical zones is being widely viewed by security stakeholders as one of the most strategic policing reforms in recent years. For many observers, the initiative represents more than an administrative redeployment. It is a deliberate operational strategy designed to bring senior police leadership closer to the people, strengthen intelligence gathering, improve coordination, and enhance the fight against kidnapping, banditry, insurgency, armed robbery, and other emerging security threats. The move is particularly significant because it revives a policing model that has not…

The Anambra State Police Command has arrested two suspects for allegedly murdering a 33-year-old woman and dumping her body in a culvert near Jesus Bus Stop, Oraifite, in the Ekwusigo Local Government Area of the state. The suspects, identified as Thankgod Ikechukwu Ikwugwara, 26, and Makuochukwu Uzoigwe, 20, were allegedly involved in the killing of the woman on March 13, 2026, after luring her to a residence under the pretext of seeking her assistance. The command’s spokesperson, SP Tochukwu Ikenga, disclosed this in a statement issued on Wednesday. Ikenga said the suspects were arrested by operatives of the State Criminal…

Following outbreaks of the Bundibugyo strain of the Ebola virus in parts of the Democratic Republic of Congo and Uganda, a strain for which there is no widely available licensed vaccine or specific antiviral treatment, the Lagos State Government last Sunday said it had launched a statewide emergency public awareness campaign tagged “Operation Lagos BioShield” to strengthen surveillance and prevent the possible importation of the Ebola virus into the state. It must be noted, however, that the Lagos State Commissioner for Health, Prof. Akin Abayomi, reassured residents that there was currently no confirmed case of Ebola in Lagos or anywhere…

Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas and refined petroleum exports, as well as a steep decline in petroleum product imports, according to the latest Balance of Payments report released by the Central Bank of Nigeria on Wednesday. The apex bank, in its Q1 2026 Balance of Payments Highlights, stated that “provisional balance of payments statistics for Q1 2026 show a current account surplus of $4.98bn, which was higher than the $1.40bn and $3.41bn recorded in the preceding quarter (Q4 2025) and…

The Resident Electoral Commissioner in Ekiti State, Dr Bunmi Omoseyindemi, says the Independent National Electoral Commission is fully prepared for the June 20 governorship election, with BVAS machines ready and personnel adequately trained. In this interview with ABIODUN NEJO, he speaks on the commission’s preparations, voter apathy, the threat of fake news, election security and assurances of a credible, transparent and peaceful poll The Ekiti election is two days away. How far has INEC gone with preparations for the exercise? We have done most of the things we need to do. The only things we are waiting for are the…

Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar.Key points:Bitcoin sees a new low for the current weekly candle with the Fed FOMC meeting due in hours.Analysis warns that markets remain concerned over Strategy potentially selling more BTC.Fed chair Kevin Warsh faces a tough balancing act at his first interest-rate decision.Strategy selling still impacting Bitcoin price strengthData from TradingView showed BTC/USD heading higher after dropping to $64,500 on Bitstamp.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe pair saw ongoing weakness ahead of the US Federal Reserve’s interest-rate meeting, scheduled for 2pm Eastern time.…