Author: News Room

An investigator with the Economic and Financial Crimes Commission (EFCC) told the FCT High Court in Maitama, Abuja, on Wednesday that Hadi Sirika, former minister of aviation, violated due process in awarding a contract to a company belonging to his friend. Christopher Odofin, EFCC’s 12th prosecution witness, said this in his testimony which he continued from where he stopped on 10 June. Mr Odofin’s testimony has focussed on the contract awarded to the company, Tanaero Nigeria Limited (TNL), belonging to Gabriel Tilmann. The controversial contract was for consultancy services for the failed Nigeria Air project. Mr Odofin said the contract…

Security forces have recorded widespread operational successes across the North-West and North-Central regions, rescuing abducted persons, foiling kidnapping attempts, and arresting suspected terrorists and criminal collaborators in Katsina, Zamfara, Kogi, Kebbi and Kwara states. The operations, carried out by the military and police under various formations, were intensified in recent weeks as part of ongoing counter-terrorism and anti-kidnapping offensives aimed at dismantling criminal networks and restoring stability in affected communities. In Katsina and Zamfara states, troops of Operation Fansan Yamma rescued seven kidnapped victims and foiled coordinated abduction attempts during sustained search-and-rescue and offensive operations. In Katsina State, troops under…

The Lagos State Police Command has commenced a security assessment at Pan-Atlantic University after a viral video showed “two masked individuals emerging from a forest area adjoining the institution.” In a press release, the Command said Commissioner of Police, CP Tijani Fatai, “today led operational personnel of the Command on an assessment visit to Pan-Atlantic University following a viral video recorded and circulated.” The statement was signed by Lagos Command Police Public Relations Officer, SP Abimbola Adebisi and released on Wednesday. It was titled, “CP Tijani Fatai Conducts On-the-Spot Security Assessment at Pan-Atlantic University, Lekki, Emphasising Proactive Security Measures.” At…

The Federation Account Allocation Committee shared N2.3tn among the Federal Government, states and local government councils from May 2026 revenue, representing an increase of N43bn from the N2.26tn distributed in the previous month. The latest allocation marks a 1.9 per cent month-on-month increase and continues the upward trend in federation revenues. The N2.257tn shared from April 2026 revenue had itself exceeded the N2.04tn distributed for March revenue by N217bn, while the March allocation was N150bn higher than the N1.89tn shared in February. The figures were contained in a statement on Wednesday by the Director of Press and Public Relations in…

Arsenal have confirmed that Max Dowman has won the 2025/26 Emirates Goal of the Season award, with fans voting his late strike against Everton as the standout moment of the campaign. “Max Dowman’s historic late strike against Everton has been voted by our supporters as the Emirates Goal of the Season for 2025/26. “The teenager’s first strike in red and white saw him pick up 38% of the votes to clinch the award, having won our Goal of the Month prize for his solo effort back in March,” a club statement on its website on Wednesday read. He finished ahead…

Altcoin markets (excluding Ether (ETH)) recently saw $266 billion in net selling volume on centralized exchanges, the deepest reading since the metric began tracking spot demand in 2020.Altcoins accounted for 51% of Binance futures trading volume on June 16, compared with 28.85% for Bitcoin and 20.20% for Ether, positioning the exchange as a leader in derivatives activity in 2026.The divergence between record selling and dominant trading activity points to capital rotating within crypto and also into alternative exchange products.Altcoin trading stays active despite outflowsCrypto analyst IT Tech noted that the one-year cumulative buy-sell difference for altcoins, excluding Bitcoin (BTC) and…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! If you want to look good and feel even better in the clothes you wear this summer, you need to be thoughtful about what pieces you’re adding to your closet. When it comes to disguising our midsection, the silhouette, fit or one specific detail can make all the difference — but this midi dress offers all three. This flattering option was made for all body types to style this season. The Caslon Twist Cotton-Blend Knit Midi Dress will certainly be…

The Deputy Inspector-General of Police (DIG), South-east zone, Kenechukwu Onwuemelie, has ordered urgent security measures to check the rising incidents of violent attacks and armed robberies in Aba, Abia State. Mr Onwuemelie issued the order on Tuesday when he paid a visit to the police headquarters in Umuahia as part of the ongoing strategic assessment of all the commands, in line with the directives of the Inspector General of Police, Rilwanu Disu. He said that certain security concerns require strategic attention, referencing violent attacks and armed robbery cases in Aba. He said that although the reported incidents may be isolated,…

United Capital Group, a leading pan-African investment banking and financial services group, has completed the acquisition of a five per cent equity stake in the Nigerian Exchange Group Plc. The financial institution announced the successful conclusion of the transaction on Monday, 15 June 2026, marking a significant milestone in the group’s long-term corporate growth and expansion strategy. As a cornerstone of Nigeria’s capital market infrastructure, NGX Group plays a pivotal role in facilitating capital allocation, enhancing market efficiency, and supporting the federal government’s broader economic development objectives. United Capital’s multimillion-naira investment underscores its deep confidence in the future of the…

Key takeaways:Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs.Strategy’s STRC stock shows weakness, highlighting growing concerns over monthly dividend obligations and share dilution.The US stock market traded down on Wednesday after President Donald Trump said the memorandum of understanding with Iran was not final. Investors fear that oil flows through the Strait of Hormuz will not clear quickly, which adds further pressure on inflation. Is the stock market and Bitcoin (BTC) at risk?The US and Iran are expected to formally sign an agreement on Friday, starting a…