Author: News Room

Nigeria sharply increased its crude oil purchases from the United States in 2025, importing a total of 42.13 million barrels within the first 10 months of the year, according to data from the United States Energy Information Administration. The figure represents a year-on-year increase of about 26.34 million barrels when compared with the 15.79 million barrels imported over the same period in 2024. In percentage terms, Nigeria’s crude imports from the US rose by roughly 167 per cent, underscoring a major shift in sourcing patterns within a single year. The scale of the increase shows that Nigeria more than doubled…

Economic experts have backed the International Monetary Fund’s cautionary stance on Nigeria’s reform agenda, urging the Federal Government to sustain ongoing economic reforms and avoid policy reversals, particularly as political pressures build ahead of the election cycle. They warned that compromising reforms could undermine recent gains in inflation moderation, weaken investor confidence, and further strain the economy, which remains vulnerable due to limited fiscal buffers. The IMF’s Country Representative for Nigeria, Dr Christian Ebeke, during a panel discussion at the 2026 Macroeconomic Outlook event of the Nigerian Economic Summit Group in Lagos, warned Nigeria against reversing recent economic reforms, noting…

Super Eagles goalkeeper Stanley Nwabali has expressed delight at winning the man of the match award following Nigeria’s penalty shootout victory over Egypt in the third-place playoff at the 2025 Africa Cup of Nations. Nwabali saved two penalties in the shootout as Nigeria defeated the Pharaohs 4-2 on spot-kicks following a goalless draw at the Stade Mohammed V in Casablanca on Saturday. The Chippa United shot-stopper dedicated the award to Nigerian fans and his teammates after helping the Eagles secure a record-extending ninth AFCON bronze medal. “First, I want to say big thanks to my nation and a lot of…

The massive staking inflows are strengthening ETH’s supply-demand dynamic, potentially setting the stage for upward price momentum this year.The Ethereum staking validator exit queue has dropped to zero — signaling a dramatic fall in selling pressure and strengthening confidence in Ether (ETH) as a yield-bearing asset.Data from Ethereum Validator Queue shows the exit queue has fallen from its September 2025 peak of 2.67 million Ether (ETH) to 0 ETH, while the entry queue has risen more than fivefold over the last month to 2.6 million ETH, the highest since July 2023.Wait times for the entry queue have now stretched out…

Nearly four years after a tragic school shooting at Robb Elementary School in Uvalde, Texas, left 19 children and two teachers dead, former police officer Adrian Gonzales is standing trial to determine if he is guilty of failing to act in order to save their lives. On Friday, January 16, it was revealed in court that the 18-year-old shooter was able to fire 117 rounds before Gonzales, 52 —a former officer for the Uvalde Consolidated Independent School District — breached the school. A reported 173 rounds were shot during the mass shooting. The shooter was eventually killed by a team…

Kwara State Fire Service personnel on Saturday averted a major fire disaster at a filling station in Ilorin, the state capital, when a petrol tanker reportedly caught fire on arrival from Lagos to discharge fuel in the station. The incident, which involved the tanker loaded with 45,000 litres of petrol occurred at about 14:31hrs, at Olumo filling station, Oko-Olowo Junction, Ilorin, according to a statement by the spokesman of the state fire service, Hassan Adekunle, in Ilorin on Saturday. He disclosed that the tanker had just arrived at the filling station after conveying fuel from Lagos when fire erupted from…

Nigerian legend, Nwankwo Kanu, on Saturday night, celebrated with Super Eagles players in the dressing room following their AFCON third-place playoff victory against Egypt. DAILY POST reports that goalkeeper, Stanley Nwabali was the hero for Nigeria as he saved two penalties to ensure Nigeria defeated the Pharaohs 4-2. The third-place playoff game had ended in a 0-0 draw after 90 minutes. The likes of Alex Iwobi, Lookman Ademola, Moses Simon and Akor Adams all converted their penalties. Stanley Nwabali saved both Mohamed Salah and Omar Marmoush’s penalty kicks, while Fisayo Dele-Bashiru also missed his penalty kick. However, Kanu, who was…

The Kano State Police Command has begun an investigation into the killing of a 35-year-old woman and her six children at the Dorayi Chiranchi Quarters area of the state. Sunday PUNCH gathered that the victims and one other person were killed at their residence on Saturday by hoodlums. The incident has thrown the Dorayi Chiranchi community into mourning, as residents called for improved security and swift action to prevent a recurrence. The assailants reportedly broke into the house and attacked the victims with dangerous weapons. Confirming the incident in a statement on Saturday, the Police Public Relations Officer in the…

The Enugu State Police Command has confirmed that gunmen attacked a police checkpoint along Agbani Road on Thursday night, killing two police officers and setting a patrol vehicle ablaze. According to the command, the attack occurred on January 15, 2026, when suspected members of the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN), opened fire on operatives of the Police Distress Response Squad stationed at the checkpoint. “The criminal elements suddenly opened fire on the police team without provocation. The operatives responded promptly, forcing the assailants to flee with varying degrees of gunshot injuries,”…

As a young boy growing up in Lagos, Nigeria, I often found myself daydreaming on the long commute home from school in Yaba. Despite coming from modest beginnings, I was captivated by the idea of studying at the world’s top universities. Weekends were spent at Internet cafés (those buzzing hubs of curiosity in the early 2000s) where I browsed college websites and requested brochures from institutions across the globe. One of my favourite pastimes was sitting on our brown velvet couch, flipping through those brochures, imagining myself walking the halls of places like Harvard, Yale, or the University of Alberta.…