Author: News Room

The Naira slipped on Thursday to N462.00 per dollar at the official market, a day after it recorded a slight gain at the spot market. The local currency has experienced lows across both the authorised and unauthorised markets in recent months, amidst dollar and naira scarcity due to the Central Bank of Nigeria’s currency redesign policy. Market data posted Thursday revealed that within the day’s business session, the local currency hit a low of N462.11 per dollar, down from N461.50. It later climbed to a high of N446.00 before closing at N462.00 on Thursday. The rate represents a 0.20 per…

Give it to the crooked politicians, they did their homework with the knowledge that the police and other law enforcement agencies would only be reactive. There is no history of political thugs brought to justice in Nigeria. They come, they disrupt, they vanish. Although many of their crimes were captured on video, everyone knew that they would never be brought to justice. “All those involved in snatching ballot boxes and committing all sorts of voter suppression crimes should be arrested and prosecuted”, declared Dr. Goodluck Jonathan, Nigeria’s former president in reaction to reported incidents of ballot disruption in Bayelsa State.…

Nigeria has confirmed 40 new Lassa fever infections and five deaths in one week, spanning 27 February to 5 March. The Nigeria Centre for Disease Control (NCDC) disclosed in its latest situation report published Tuesday on its website for week nine, noting that the number of new confirmed cases decreased from 59 in week eight to 40 cases. The report showed that the new cases were reported from Bauchi, Ondo, Taraba, Edo, and Ebonyi states. NCDC noted that cumulatively from week one to week nine, 109 deaths have been reported with a case fatality rate (CFR) of 16.1 per cent…

UBS Group doubled its initial offer and agreed to buy its competitor Credit Suisse for nearly $2 billion on March 19, in a historical deal for the two biggest banks in Switzerland, the Financial Times reported.UBS previously put a $1 billion offer on the table on March 18, but the deal was rejected by the Credit Suisse board, FT sources said. The $1 billion offer was a considerable discount under the bank’s market value on March 17 of nearly $8 billion, according to data from Companies Market Cap.To close the deal, Swiss authorities also agreed to change the country’s regulations…

Chelsea Lauren/Shutterstock He’s here! Kristina Kelly and boyfriend Max Ville are officially parents after welcoming a baby boy, whose arrival was announced on Sunday, March 19. “You’re more than I could have ever dreamed of, welcome to the world River,” the Vanderpump Rules star, 35, wrote via Instagram alongside a sweet photo of the newborn. Her Pump Rules costars quickly congratulated the new mom. “The most perfect little angel boy I have ever seen and I’m not being dramatic,” Stassi Schroeder commented. Scheana Shay added, “He’s perfect!!!!! 😍😍😍.” Katie Maloney shared her thoughts via emojis, “😍😍😍,” while Brittany Cartwright wrote,…

Heart failure is a severe condition concerning how well the heart can pump blood throughout the body. The management of heart failure involves lifestyle modifications and the use of certain medications. A​ recent study tested the hormone acyl ghrelin among people with chronic heart failure.It found that acyl ghrelin was effective in increasing cardiac output, which may lead to more research into the usefulness of this treatment. Heart failure is a potentially dangerous condition where the heart cannot pump an adequate amount of blood throughout the body. Finding medications that effectively improve heart function is one area of interest. A​…

The National Leader, National Democratic Coalition Renewal Group, Prof. Atilade Adeeyo, has raised the alarm over the activities of NADECO United States Chapter, which he described as a faceless body of bad losers. Adeeyo carpeted the group over its rejection of the result of the February 25 presidential election, which saw Bola Tinubu of the All Progressives Congress as winner. In a statement made available in Ado Ekiti, titled, “Threat of expulsion: Your ranting  irresponsible, inconsequential, NADECO Renewal replies Tinubu opposition group in diaspora,” Adeeyo urged Nigerians to “be guided properly and not listen to the irresponsible and divisive ranting…

A security flaw affecting the Google Pixel’s default screenshot editing utility, Markup, allows images to become partially “unedited,” potentially revealing the personal information users chose to hide, as spotted earlier by 9to5Google and Android Police. The vulnerability, which was discovered by reverse engineers Simon Aaarons and David Buchanan, has since been patched by Google but still has widespread implications for the edited screenshots shared prior to the update.As detailed in a thread Aaarons posted on Twitter, the aptly-named “aCropalypse” flaw makes it possible for someone to partially recover PNG screenshots edited in Markup. That includes scenarios where someone may have…

Holders of $17bn of Credit Suisse bonds will have their investment wiped out following the bank’s takeover by UBS, in a surprise move that is expected to cause ructions in European debt markets when they open on Monday.As part of the historic deal between the banks, Swiss financial regulator Finma ordered that SFr16bn of Credit Suisse’s additional tier one (AT1) bonds, a relatively risky class of bank debt, will be written down to zero.Credit Suisse said it was informed of the decision by the regulator as it thrashed out the final details of its SFr3bn takeover by UBS, which was…

ADELANI ADEPEGBA writes on the reluctance of the Muhammadu Buhari regime to obey the Supreme Court order on the legal tender status of the old naira notes and how it finally succumbed to public pressure Ten days after the Supreme Court extended the legal tender status of the old N200, N500, and N1,000 notes until December 31, the Central Bank of Nigeria reluctantly announced its compliance with the judgment in a late Monday night statement. It added that the decision was taken during a bankers’ committee meeting in compliance with ‘the established tradition of obedience to court orders and sustenance…