Author: News Room
Government securities now account for about 11 per cent of Nigerian banks’ total assets, underscoring years of constrained credit extension and a sustained tilt towards lower-risk sovereign instruments, according to a new banking sector outlook by S&P Global. The ratings firm said the rising exposure has increased banks’ sensitivity to sovereign-related shocks, though this risk is expected to ease gradually as lending to the real economy improves and macroeconomic conditions stabilise. It added that the close link between banks and the sovereign should moderate as credit growth gradually picks up, fiscal deficits narrow, and economic conditions improve. “Banks’ share of…
France midfielder Ngolo Kante has signed for Fenerbahce from Saudi outfit Al-Ittihad thanks to “support” from president Recep Tayyip Erdogan, the Turkish club said on Wednesday. World Cup winner Kante, who turns 35 next month, had been set to move to Istanbul earlier but the transfer seemed to have failed due to an administrative error. The length of Kante’s contract has not been revealed but it offers the two-time Premier League winning midfielder (Leicester 2016, Chelsea 2017) a chance to further his claim for a place in France’s World Cup finals squad. Erdogan was in Saudi Arabia on Tuesday making…
Coinbase’s Ethereum layer-2 network Base said recent slow or missing transactions were caused by a configuration error that has been fixed.Over the weekend, Base users experienced elevated transaction drops and delays in getting transactions included onchain. Despite the slowdown, blocks continued to be produced and the network remained operational, suggesting that the incident didn’t cause a full outage.In a Wednesday post on X, Base explained that a change to transaction propagation led the block builder to repeatedly fetch transactions that could not be executed as base fees climbed quickly. “We mitigated the issue by rolling back the change and have…
Duane “Dog the Bounty Hunter” Chapman’s stepson Gregory Zecca is facing life behind bars if convicted of aggravated manslaughter after fatally shooting his teenage son. Florida’s Collier County Sheriff’s Office posted an update on the July 2025 incident via Facebook on Tuesday, February 3, stating that Zecca accidentally shot his child, Anthony, 13, in the family’s Naples, Florida, apartment while allegedly under the influence of alcohol. Local Southwest Florida news outlet WINK News was first to report on the update. Per the Sheriff’s Office, Zecca, 39, was taken into custody “on a warrant for aggravated manslaughter of a child with…
Nigeria’s major media and journalism organisations have issued a joint call on the Federal Government and the National Assembly to urgently intervene to protect the Nigerian press from what they describe as the growing dominance of global digital platforms over the country’s information ecosystem. In a strongly worded statement released under the banner of the Nigerian Press Organisation (NPO), the groups warned that Nigeria risks surrendering control of its democratic conversation, national cohesion, and information sovereignty to unregulated foreign technology companies if decisive action is not taken. The NPO — comprising the Newspaper Proprietors’ Association of Nigeria (NPAN), the Nigerian…
Former Lagos State First Lady, Abimbola Fashola, has spoken about marriage, faith, rumours and partnership, offering rare insights into her decades-long union with her husband, Babatunde Raji Fashola (SAN), former governor of Lagos State and ex-minister of works and housing. Mrs Fashola made the remarks during a recent episode of The Morayo Show, where both she and her husband reflected on their relationship, parenting, and the values that have sustained their family over the years. The couple reportedly met through Fashola’s father, who introduced them after seeing Abimbola at an engagement party for Fashola’s cousin, and they married on 1…
The Lagos State Sports Commission (LSSC) has deepened its international sports development drive following a high-level engagement with a delegation from British Cycling, reinforcing its commitment to leveraging sports for diplomacy, institutional learning and sustainable development. The British Cycling delegation, led by its Sport and Participation Director, Amy Gardner, paid a working visit to the commission, where discussions focused on areas of collaboration, particularly knowledge exchange and skill transfer aimed at strengthening technical capacity and deepening the cycling culture in Lagos State. Speaking during the visit, the Director-General of the Lagos State Sports Commission, Lekan Fatodu, described the engagement as…
Professor of Fisheries and Aquatic, Environmental Department, University of Uyo and Vice Chairman, Vika Integrated Farms, in Akwa Ibom State, Mandu Essien-Ibok has encouraged everyone, including graduates to embrace agriculture irrespective of their course of study. Prof Ibok gave the admonition during a meeting of at Vika Integrated Farms Uyo. Speaking after conducting guests round the farm which serves as a training ground for farmers, students and other corporate organizations across Nigeria, the Vice Chairman described agriculture as another cash cow that cannot go out of season, adding that with proper training and following of times and season, one can…
Former Benue State Governor, Gabriel Suswam has resigned from the Peoples Democratic Party, PDP. This was contained in a letter dated February 4 and addressed to the Chairman of the Mbagber Council Ward in Logo Local Government Area of the state. The former governor cited the unending internal crisis rocking the opposition party as the reason for his resignation. Although Suswam failed to state the next political party he is aligning with, he has been identified with the coalition of the opposition leaders, who adopted the African Democratic Congress, ADC as platform to contest the next election. “I consider it…
Suspected fighters of Boko Haram’s Jama’atu Ahlis Sunna Lidda’awati wal-Jihad (JAS) faction have attacked Woro village in Kaiama Local Government Area of Kwara State, leaving residents in fear and several properties destroyed. This was disclosed in a post on Wednesday by security analyst and crisis journalist, Bakatsine, via his X handle. The attack reportedly occurred late Tuesday night, when the assailants stormed the rural community, setting multiple homes and food storage facilities ablaze. Woro village is located near Kale, through Borgu Local Government Area of neighbouring Niger State, a region that has recently witnessed increased security concerns.
