Author: News Room

The Federal Government has earmarked N7bn for the ongoing solarisation of the Presidential Villa, Abuja, in a bid to address Nigeria’s persistent power supply challenges, The PUNCH reports. The allocation is contained in the 2026 Appropriation Bill submitted to the National Assembly in December, a copy of which was obtained by our correspondent. According to the budget proposal, under the State House Headquarters, N7bn was set aside for the “solarisation of the Villa with solar mini-grid”. The PUNCH reported last year that N10bn was allocated for the same project in the 2025 budget. The solarisation of the Villa suggests that…

The Nigeria Boxing Federation has unveiled its programme of activities for 2026 as part of efforts to put Nigerian boxing on a progressive trajectory in the new sporting calendar. The document, developed by the NBF technical committee and signed by Secretary General Vivian Azimene, captured a National Coaches Workshop in the North-Central zone in January and an international friendly match with Rwanda and Madagascar in February before the National Open Trial for boxers ahead of the Commonwealth Games in Glasgow. The second phase of the National Coaches Workshop in the South-East is also scheduled for February. A plethora of activities…

SpaceX and xAI, which are both led by Elon Musk, are “in discussions to merge” ahead of SpaceX’s IPO that’s planned for later this year, Reuters reports. The merger would help with SpaceX’s plans to launch data centers into space, according to the publication.The specific timing and value of the potential merger are unclear. SpaceX is considering an IPO date in mid-June, the Financial Times reported this week. xAI and SpaceX didn’t immediately reply to a request for comment from The Verge.

Bitcoin’s (BTC) strong start to the year has been fully erased, with its price slipping to a new yearly low below $84,000. Analysts viewed this move as part of a broader corrective phase rather than a structural market breakdown, driven by aggressive futures deleveraging rather than sustained selling in spot markets. Key takeaways:BTC fell to $83,600 and trades in the lower limit of the 10-week consolidation range that has capped its price since Q4. Bitcoin taker sell volume spiked to roughly $4.1 billion over just two hours, suggesting futures-driven flows rather than spot selling.Futures liquidations send BTC to new lows The…

After receiving backlash for Anthony and Kate‘s lack of screen time, Bridgerton has done it again by not featuring the fan-favorite couple in any episode from the first part of season 4. The hit Netflix series returned with part 1 on Thursday, January 29, with Benedict’s (Luke Thompson) love story with Sophie (Yerin Ha) taking center stage. While Benedict received support from brother Colin (Luke Newton), the eldest Bridgerton sibling — and his wife — were nowhere to be found. Bridgerton explained away Anthony (Jonathan Bailey) and Kate’s (Simone Ashley) absence by sending the pair to India after the arrival…

The House of Representatives has called on the federal government to suspend the Chief Medical Director of the University of Calabar Teaching Hospital (UCTH), Ikpeme Ikpeme, over allegations of ethnic bias in the recruitment of house officers. The resolution followed the adoption of a motion of urgent public importance during Thursday’s plenary, moved by Iduma Igariwey (PDP, Ebonyi). Presenting the motion, Mr Igariwey drew attention to reports alleging that the UCTH management rejected 17 newly qualified medical doctors posted to the hospital by the Medical and Dental Council of Nigeria (MDCN) for the compulsory one-year housemanship programme. According to the…

BUA Foods reported a 90.9 per cent boost in after-tax profit for 2025, taking its earnings to the highest on record amid a reasonable jump in revenue and drop in cost pressures. Turnover for the maker of sugar, flour and pasta jumped to N1.8 trillion from N1.5 trillion a year ago, according to the unaudited report of the company issued on Thursday, with a sizeable increase in the bakery flour business driving the growth. The strong earnings performance also derived strength from some cost-cutting measures, which softened the pressure of expenditure on bottom line. The company sharply reduced finance costs…

Kano State Governor Abba Yusuf (CREDIT: X @Kyusufabba) Surprisingly, Kano is quiet – for now. The fanatical Kwankwasiyya Movement – a red-capped brigade for whom Kwankwaso is a cult figure, and his red cap an emblem of loyalty, seems to have taken Yusuf’s treachery like they took Ganduje’s – biding time with uneasy calm. After months of dallying and endless speculations, Governor Abba Kabir Yusuf of Kano State finally broke ranks with Rabiu Musa Kwankwaso, his in-law, mentor and political godfather. Yusuf had been in Kwankwaso’s shadow for nearly two-and-a-half decades, serving in various roles, including an executive portfolio as…

A Deputy Director in charge of Banking Supervision with the Central Bank of Nigeria, CBN, Malam Bashirudeen Maishanu, has accepted responsibility for the disappearance of the sum of $6.2 million in the CBN during the tenure of former governor Godwin Ifeanyi Emefiele. The CBN top officer specifically accepted responsibility for the withdrawal of $2.5 million out of the total amount. He made the admission on Thursday at the High Court of the Federal Capital Territory while giving evidence in the trial of Emefiele on procurement charges. Emefiele is standing trial before Justice Hamza Muazu, sitting at Maitama, on an amended…

Former governorship candidate of the African Democratic Congress, ADC, in Cross River State, Dr. Effiong Nyong, has warned that the party and the people of the state will no longer allow themselves to be taken for a ride by what he described as political impostors. Nyong stated this in a letter addressed to the ADC National Chairman, reacting to a circular issued by the party’s National Publicity Secretary, Mallam Bolaji Abdullahi, titled “Composition of the ADC 50 Wise Men and Women Policy Manifesto Committee.” The list named two prominent Cross River politicians, Senator Gershom Bassey and Ambassador Nkoyo Toyo, as…