Author: News Room
The number of traders expecting a rate cut at the March Federal Open Market Committee meeting rose following fears of a hawkish Fed nominee.The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC) meeting has risen to 23%, following investor fears of a hawkish stance from Kevin Warsh, US President Donald Trump’s Federal Reserve chair nominee.Investors and traders forecasting a rate cut surged by nearly 5% from Friday, when only 18.4% signaled they were expecting an interest rate cut, according to data from the Chicago Mercantile Exchange (CME) Group.Those anticipating a rate cut…
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The Kano State House of Assembly on Saturday dismissed reports suggesting an attempt to impeach Deputy Governor Aminu Abdulsalam Gwarzo. The Kano lawmakers described the claims as “baseless and misleading”, emphasising that there is no such plan underway. The spokesperson to the Speaker of the House, Kamaluddeen Sani Shawai, while addressing journalists in Kano, declared that the reports circulating in some media outlets were intended to create unnecessary tension in the state. Shawai said, “There is absolutely no motion or initiative within the House to remove the deputy governor. “These reports are false and should be disregarded by the public.…
The Delta North All Progressives Congress, APC, Coalition for Equity has constituted a seven-man screening committee to ensure transparency, fairness and credibility in the selection process of the state chairman of the party. This decision was unanimously reached at a crucial stakeholders’ meeting of the coalition, a move not unconnected with the forthcoming congresses of the party. The CHAIRMAN of the coalition, Barr. Alex Ikpeazu, has also stepped aside following his declaration of interest to contest for the position of APC State Chairman, representing Delta North (Ika Federal Constituency). The coalition acknowledged that this step was taken in the spirit…
A United States federal court has sentenced a Nigerian national, Tochukwu Albert Nnebocha, to eight years in prison for his role in a long-running transnational inheritance fraud scheme that targeted elderly and vulnerable Americans. According to a statement published by the US Department of Justice (DOJ), Nnebocha, 44, was convicted for participating in a conspiracy that defrauded more than 400 victims across the United States of over $6 million. The DOJ said the fraud operation, which ran for more than seven years, involved a sophisticated international network that sent hundreds of thousands of personalised letters to elderly individuals, falsely claiming…
Chelsea playmaker, Cole Palmer, has become the first player in Premier League history to score three hat-tricks in the first half of matches in the competition. This follows his latest haul in the 3-1 win over Wolves on Saturday. Palmer scored all three goals before the break, as the Blues took control of the game at the Molineux Stadium. The first two came from the penalty spot, with Palmer sending Jose Sa the wrong way twice. The third goal saw his smash Marc Cucurella’s low cross into the roof of the net. Palmer had previously recorded first-half hat-tricks against Everton…
The family of late singer Ifunanya Nwangene, popularly known as Nanyah, has announced her burial arrangements following her death on January 31, 2026. Nanyah died after she was bitten by a snake at her residence in Abuja. She was rushed to a hospital for treatment but later passed away. Her brother, Kingsley Nwangene, announced her funeral plans via Instagram on his handle, @official_kaybaba1, where he shared her obituary and posted a brief tribute, writing, “Till I see you again.” According to the family, a service of songs will be held on February 10, 2026, at the Immaculate Conception Catholic Church,…
The Kano State House of Assembly has dismissed reports in the media suggesting an attempt to impeach the State Deputy Governor, Aminu Abdulsalam Gwarzo. The Public Relations Officer of the State Assembly, Kamaluddeen Shawai, made the clarification while addressing newsmen in Kano on Saturday. He described the reports as “baseless and misleading”, emphasising that there is no such plan underway. “The reports circulating in some media outlets suggesting an attempt to impeach the Deputy Governor were intended to create unnecessary tension in the state. “There is absolutely no motion or initiative within the House to remove the deputy governor. “These…
Marathoners from Plateau State emerged champions in the male and female categories of the 6th Senator Douye Diri National Marathon held on Saturday in Yenagoa, the Bayelsa State capital. James Gang, who came second last year, led the pack of 207 participants in this year’s race, breasting the tape in the elite male category in 30:58.75 secs, closely followed by Francis James, also from Plateau, in 32:05.87 secs. Ishmael Sadjo from Cross River finished in third place in 32:14.31 secs. In the elite female category, Plateau runners dominated, with Akusho Lydia-Thomas coming first in 38:30.37 secs ahead of compatriots Vivian…
The Commodity Futures Trading Commission (CFTC), a US financial regulator, reissued a staff letter on Friday to expand the criteria for payment stablecoins to include national trust banks, recognizing their eligibility to issue the fiat-pegged tokens.The CFTC amended Staff Letter 25-40, which was issued on December 8, 2025, to include national trust banks, financial institutions allowed to function in all 50 US states. National Trust Banks typically do not provide retail banking services like lending or checking accounts. Instead, they offer custodial services, act as executors on behalf of clients and provide asset management services. The CFTC letter said:“The [Market…
