Author: News Room

First Bank of Nigeria Limited, the commercial banking subsidiary of First HoldCo Plc, says it has met the Central Bank of Nigeria’s N500bn minimum capital requirement ahead of the regulatory deadline. The Acting Group Head, Marketing and Corporate Communications of FirstBank, Olayinka Ijabiyi, disclosed this in a statement on Wednesday. He said the bank achieved the capital threshold through a combination of a rights issue, private placement and proceeds from the divestment of its merchant banking subsidiary. According to him, the development reflects investor confidence in the group’s business model and growth outlook. “With a fortified capital base, FirstBank is…

The Federal Capital Territory Police Command says it has launched an investigation into the death of a woman whose body was discovered in the Kubwa area of Abuja. The deceased was found on the Kubwa expressway on Tuesday, with her bag, which contained her identity card and other personal belongings, recovered a few metres from the body. Documents recovered from the deceased suggested she may have been a staff member of the FCT High Court. In a brief statement on Wednesday, the FCT Police spokesperson, Josephine Adeh, confirmed that detectives had commenced work on the case. She said, “The FCT…

United Bank for Africa has successfully closed its rights issue, raising N157.84bn after the exercise was fully subscribed, the bank announced on Wednesday. The rights issue offered 3,156,869,665 ordinary shares at N50 per share, on the basis of one new share for every thirteen existing shares held by shareholders on the register as of 16 July 2025. At the close of the acceptance list on 19 September 2025, UBA initially received 6,404 applications for 4.13bn shares valued at N206.74bn. Following scaling adjustments by shareholders, the final allotment amounted to 3.16bn shares worth N157.84bn, representing 100 per cent subscription of the…

I hate when friends and family ask me which LED face mask to buy.That’s because LED face masks are another prime example of the wild wellness west. There’s compelling science behind using red and infrared light therapy to address skin concerns, particularly wrinkles. However, wellness influencers have taken that concept and absolutely ran away with it.While it’s a legitimate treatment you can get from a dermatologist, you’ll also see at-home masks touted on TikTok, in wellness spas, and even gyms as a cure-all for this and that ailment. Every year at CES, I see plenty of companies jumping in on…

Stablecoin company Tether and video platform Rumble released a non-custodial crypto wallet on Wednesday, allowing users to tip Rumble content creators in digital currencies.The wallet will initially support Tether’s dollar-pegged stablecoin, USDt (USDT), Tether Gold (XAUt), a tokenized commodity product, and Bitcoin (BTC), according to an announcement from Rumble. MoonPay will provide fiat currency on- and off-ramps for Rumble Wallet users, enabling them to cash out crypto into local currencies. Tether and Rumble initially slated the wallet rollout for December, once code and user experience bugs were hammered out.Cointelegraph reached out to Rumble and Tether but had not received a response at…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Dreaming of a wardrobe upgrade? There’s no better style to emulate than the rich mom aesthetic (think: luxe-looking knits, elevated tops and tailored-looking bottoms). And thanks to Amazon’s under-the-radar winter sale, there’s also no better time to shop. Running now through January 11, the sale includes everything from polished striped knits to travel-ready matching sets and flattering jeans that look far more expensive than they are. They’re the type of pieces that make getting dressed feel easier — and a…

Filmmaker and actress Regina Daniels has taken steps to put to rest the allegation that she indulged in substance abuse. PREMIUM TIMES reported that her estranged husband, Ned Nwoko, the senator representing Delta North, in October 2025, alleged that the actress abused drugs. The allegation followed Regina’s allegation that Mr Nwoko physically assaulted her after details of their marital crisis emerged online. The 65-year-old lawmaker blamed Regina for the breakdown of their marriage, stating that he made several attempts to secure professional help for her. However, in a video posted on her Instagram page on Wednesday, the 25-year-old disclosed that…

Grain farmers in Kaduna State, numbering 2,143, have reported losses estimated at N10.16 billion during the 2025 farming season and have appealed to the Federal Government for urgent intervention in the form of free or subsidised farm inputs. The farmers, spread across the 23 local government areas of Kaduna State, were pushed to the brink by a sudden crash in maize prices nationwide, despite unprecedented increases in the cost of agricultural inputs. The farmers made their petition in a letter addressed to the Secretary to the Government of the Federation, the Minister of Agriculture, the Governor of the Central Bank…

The Obidient Movement worldwide has said that the Peoples Democratic Party, PDP, is neck deep in internal political wranglings and cannot woo Peter Obi ahead of the 2027 general elections. The National Coordinator of the Movement, Tanko Yunusa, said this on Wednesday while reacting to reports of planned consultations by the PDP leadership. A chieftain of the PDP, Emmanuel Ogidi, had said on Wednesday that the party plans to see Peter Obi and former Vice-President Atiku Abubakar. Reacting, Yunusa queried both the logic and credibility of the outreach at a time the party is grappling with internal disputes. “Well, they…

At least five individuals have lost their lives in a new assault on Udeku Maav-Ya community, located in Kwande Local Government Area (LGA) of Benue State. Eyewitnesses reported that the attack took place on Tuesday around 4:00 p.m. and was allegedly carried out by armed herders while local farmers were harvesting yams and bambara nuts on their farms. Akerigba Lawrence, a former Supervisory Councillor in Kwande LGA, confirmed the incident, stating that the community was caught by surprise. He revealed that among those killed were Tyozua Gyuse, Gbaga Gyuse, and Tersuur Ijighka, while the identities of two additional victims remain…