Author: News Room

Parallex Bank Limited has asked the High Court of the Federal Capital Territory, Abuja, to dismiss a suit filed against it by logistics firm FHT Mega Express Limited, describing the action as “an abuse of court process, incompetent and lacking in jurisdiction.” Justice Hauwa Gummi had, on 18 December 2025, granted an ex parte order freezing the bank’s funds to the tune of N7.15bn following a dispute between both parties. On 6 November 2025, FHT Mega Express Limited sued Parallex Bank Limited before the Lagos State High Court sitting at Tafawa Balewa Square over an alleged debt of N7,154,677,000. FHT…

The Confederation of African Football has handed down multiple sanctions against Algeria and its players following misconduct during and after the Africa Cup of Nations Morocco 2025 quarter-final against Nigeria. In a statement issued on Wednesday, CAF said its Disciplinary Board convened to deliberate on incidents arising from the Group-stage encounter on January 10, 2026 and reached several decisions. CAF Disciplinary Board decision read, “Suspend Algeria player Luca Zidane for two (2) CAF official matches with the Algeria national team for misconduct “Suspend Algeria player Rafik Belghali, player for four (4) CAF official matches with the Algeria national team, for…

Apple is working on an AI-powered wearable pin with cameras and microphones designed to pick up a user’s surroundings, according to a report from The Information. The rumored device is reportedly the size of an AirTag, with “thin, flat, circular” housing made from aluminium and glass.The Information reports that Apple’s rumored AI pin will have a standard lens and a wide-angle lens, along with three microphones, a speaker, a physical button on one of its sides, and support for wireless charging. The device is still in the “early stages” of development and could arrive as soon as 2027, according to…

The US Senate Agriculture Committee, one of two committees in the chamber considering legislation to establish digital asset market structure, is expected to release its text of the bill by the close of business on Wednesday.Chair John Boozman said last week that the committee would release its version of the Digital Asset Markets Clarity (CLARITY) Act on Wednesday, with a markup hearing scheduled for the following Tuesday. However, the committee had not announced any updates since Coinbase effectively derailed a scheduled markup in the Senate Banking Committee last week by pulling its support for the bill. Some Senate Democrats have reportedly…

The Old Guard is a superhero story meets covert ops and military, but without any capes or costumes. The superpowered beings at the heart of the film are a mysterious group of immortal beings, led by Andromache or “Andy” (Charlize Theron), who have secretly protected humanity for millennia. As they struggle to maintain their anonymity, they must also contend with the emergence of a new immortal, Nile (KiKi Layne). Together, the team faces both modern threats and age-old enemies in their quest to preserve secrecy about their identities and ensure security for the future. Directed by Gina Prince-Bythewood, who previously created…

A prosecution witness at the FCT High Court in Maitama, Abuja, on Wednesday narrated how he disbursed over N1.6 billion on the instruction of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The third prosecution witness, Richard Agulu, a staff member of the Nigerian Communications Commission, (NCC), said the money he received and disbursed was not domiciled in Mr Emeifele’s personal account in Zenith Bank but kept in the bank’s vault or certain accounts. The witness presented by the Economic and Financial Crimes Commission (EFCC) said the funds were disbursed based on the instructions of the…

The stock market sustained its upward momentum on Wednesday, with market capitalisation rising by six billion naira or 0.01 per cent, from an opening value of N106.436 trillion to close at N106.442 trillion. The positive performance was primarily driven by gains in NCR Nigeria, RT Briscoe, Mc Nicholas, Jaiz Bank, May and Baker as well as 49 other stocks. The All-Share Index also gained 0.01 per cent or 10.77 points, to close at 166,267.60, in contrast to 166,256.83 recorded on Tuesday. Similarly, the market breadth closed positive with 54 gainers and 24 losers. NCR Nigeria, Mc Nicholas and RT Briscoe…

The 2025 Africa Cup of Nations in Morocco delivered spectacle, tension and elite football, but its final also flirted dangerously with infamy. From disputed VAR calls to a dramatic walkout, the showpiece in Rabat became a test of authority, leadership and the very image of African football. Few voices captured that moment better than Rio Ferdinand. The former Manchester United and England defender weighed in on Senegal’s decision to leave the pitch during the Africa Cup of Nations 2025 final against Morocco, calling it unprecedented, but reserving his highest praise for one man who pulled the tournament back from the…

The Nigerian Meteorological Agency (NiMet) has predicted dust haze and thunderstorms from Thursday to Saturday across the country. NiMet’s weather outlook, released on Wednesday in Abuja, forecasted slight dust haze on Thursday over parts of Kebbi, Zamfara, Sokoto, Yelwa, Katsina, Kano, Bauchi, and Gombe States in the northern region. It also anticipated Borno, Yobe, Kaduna, and Taraba States to experience sunny and hazy skies throughout the forecast period. “For the central region, sunny and hazy skies are expected throughout the forecast period, while slight dust haze is anticipated over parts of Nasarawa and Plateau States,” the agency said. “For the…

Leaders from the four clans in Ikwuano Local Government Area of Abia State have declared that any attempt to steal their votes in favour of losing candidates in the 2027 elections will not be accepted. The stakeholders from Oboro, Oloko, Ibere and Ariam, as well as local government workers, made the declaration at the Ikwuano LGA headquarters during a strategic meeting. Led by the Chairman of Ikwuano LGA, Anthony Nwubani, the clan leaders said their votes must count in 2027 and must not be manipulated or diverted. They also denounced a statement attributed to a group of former Abia leaders…