Author: News Room

Foreign investors channelled $3.23bn into Nigerian bonds in the first quarter of 2026, highlighting a strong appetite for the country’s fixed-income securities amid elevated interest rates and improving confidence in the foreign exchange market. Data from the latest capital importation report released by the National Bureau of Statistics showed that bond investments accounted for 32.71 per cent of the $9.86bn portfolio investments recorded during the quarter and 31.10 per cent of the total $10.37bn capital imported into the country. The bond inflow represented a 267.67 per cent increase from the $877.41m recorded in the corresponding period of 2025 and a…

Erling Haaland struck his first World Cup goals as Norway beat Iraq 4-1 on Tuesday in their first game at a major tournament in 26 years. The Manchester City striker turned in from close range to give Norway the lead on 29 minutes in Boston, but Aymen Hussein’s header brought Iraq level. Haaland pounced on an error at the back to put Norway ahead again before half-time and take his goals tally at international level to 57 in just 51 matches. Leo Ostigard headed in a third for Norway moments after coming off the bench to effectively wrap up victory.…

Strategy’s perpetual preferred stock STRC fell near record lows on Tuesday as investors seemingly balked at the company’s latest Bitcoin acquisitions.Michael Saylor’s variable-rate perpetual “Stretch” Bitcoin yield product declined by 3.58% to $91.79 on Tuesday, 8.2% below its target value of $100. Markus Thielen, CEO of 10x Research, said the dip is linked to Strategy’s recent Bitcoin buying. “The market would rather see [Strategy] not acquiring more BTC and rather keep the cash for dividend payments,” Thielen told Cointelegraph. “It appears traders are seeing the latest BTC acquisition as an unsustainable path for STRC.” Stretch is designed to return a dividend of…

Love Island USA paid tribute to executive producer James Barker after his sudden death. “For James,” read a message at the end of the Tuesday, June 16, episode of the hit Peacock series alongside a montage of photos. “We love you.” News broke on Monday, June 15, that Barker died while the show has been filming in Fiji. The network released a statement after Barker’s death, which read, “ITV America and Peacock will honor in Tuesday’s episode of Love Island USA series executive producer James Barker, who passed away last week in Fiji after suffering an unexpected medical emergency.” Details…

A court in Katsina has sentenced a woman to death by hanging after convicting her of terrorism-related offences involving the transportation of 438 rounds of ammunition allegedly destined for a suspected bandit commander operating in North-west Nigeria. Hauwa’u Mukhtar was tried in Suit No. KTH/65C/2023 before High Court No. 3, Katsina, presided over by Justice A.B. Bawale. The court found her guilty on two counts of conspiracy to commit terrorism and aiding and abetting terrorist activities. Justice Bawale held that the prosecution proved its case beyond reasonable doubt through witness testimonies and exhibits tendered during the trial. The death sentence…

The Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi, said discussions on Nigeria’s nuclear power programme remain alive, amid continuous technical engagements with concerned authorities in the West African country. Mr Grossi disclosed the progress made on the nuclear power arrangement with Nigeria while responding to a PREMIUM TIMES’ enquiry at an IAEA programme in Vienna, Austria. The IAEA DG said the agency continues to work with Nigeria on its nuclear power plan and IAEA officials had held visits and technical meetings with relevant stakeholders to actualise the dream. In May 2024, while on a visit to…

The Abia State Government has commenced the enforcement of its new centralised transport system in Umuahia, with the phased relocation of transport operators to the Nnenna Otti Bus Terminal, Umuahia. The Commissioner for Information, Okey Kanu, made this known at Government House, Umuahia, on Tuesday while briefing newsmen on the outcome of this week’s State Executive Council (EXCO) meeting presided over by Governor Alex Otti. The commissioner disclosed that, in order to ensure compliance by transport operators, the state government took time to hold a series of meetings with transport stakeholders, during which their concerns were addressed. Kanu added that,…

The Nigerian Air Force says it has taken into custody all personnel suspected to be involved in the death of a commercial bus driver, Joseph Okpe, who allegedly died after being assaulted by a group of military officers along the Oshodi-Apapa Expressway in Lagos. This was disclosed exclusively to PUNCH Metro on Tuesday by the spokesperson for the Nigerian Air Force, Air Commodore Ehimen Ejodame. Our correspondent had earlier reported that the 43-year-old driver died a few hours after he was allegedly assaulted by a group of the detained officers following a minor traffic incident involving their vehicle. The incident,…

A fresh battle over the control of Nigeria’s electricity sector is brewing, as state electricity regulators have accused the National Assembly of attempting to claw back powers already devolved to states under the Constitution and the Electricity Act 2023. In a strongly worded memorandum submitted to the Senate Committee on Power and obtained by our correspondent on Tuesday, electricity regulatory commissions and bureaus from 16 states warned that the proposed Electricity Act (Amendment) Bill 2026 could reverse one of the most significant reforms in Nigeria’s power sector. The regulators argued that the amendment bill, rather than strengthening the electricity market,…

Lionel Messi opened his record-breaking sixth World Cup with a hat-trick to become the tournament’s joint all-time top scorer on Tuesday as holders Argentina launched their bid for back-to-back titles with a dazzling 3-0 rout of Algeria. On a magical night at Kansas City’s 69,045-capacity Arrowhead Stadium, Messi delivered an electrifying individual display to join Miroslav Klose at the top of the World Cup scorers charts with 16 goals. The 38-year-old had started an unforgettable occasion — his 200th international appearance — by claiming a piece of history, becoming the first man to play in six World Cups as he…