Author: News Room

Multi-Trex Integrated Foods Plc has secured approval from the Nigerian Exchange to take steps aimed at increasing its public shareholding, following a recapitalisation that left its free float below the Main Board requirement. According to a statement signed by the Company Secretary, Sogunle Adekunle, on Tuesday, NGX Regulation Company granted the company a 24-month moratorium, ending 14 January 2028, to restore its free float to at least 20 per cent of issued share capital or a market capitalisation of 20bn, whichever is lower. This extension provides the company with additional time to comply with regulatory requirements while implementing strategic plans…

Jose Mourinho condemned his former employers to a ninth-placed finish in the league phase as his Benfica side beat Real Madrid 4-2 in the Champions League on Wednesday, with a stoppage-time header by goalkeeper Anatoliy Trubin keeping the Portuguese alive in the competition. A third defeat of the campaign for Madrid, coupled with wins for Barcelona, Chelsea, Sporting Lisbon and Manchester City, meant Madrid missed out on the top eight and will have to play in the two-legged knockout play-off round. “We knew where we were coming from, what we were coming into, how difficult it would be, and obviously…

Nollywood actress Angela Okorie has been remanded at the Suleja Correctional Centre following her arraignment over alleged cyber-related offences. Okorie was arrested in Lagos on Tuesday by operatives of the Lagos State Criminal Investigation Department. Confirming the development on Wednesday, the Lagos State Police Public Relations Officer, Abimbola Adebisi, told TheCable Lifestyle that the actress was taken into custody by the Nigeria Police Force National Cybercrime Centre in Abuja. Filmmaker Ajemba Stanley also confirmed that Okorie was charged to court on Wednesday and subsequently remanded. In a series of social media posts, Stanley criticised the process, describing it as an…

Meta CEO Mark Zuckerberg’s metaverse dreams seem to have been replaced by a new vision: an AI-generated social feed. In an earnings call on Wednesday, Zuckerberg reiterated his belief that AI will become the next big media format, making feeds “more immersive and interactive:”We started with text, and then moved to photos when we got phones with cameras, and then moved to video when mobile networks got fast enough. Soon, we’ll see an explosion of new media formats that are more immersive and interactive, and only possible because of advances in AI.Zuckerberg added that apps currently “feel like algorithms that…

The US Federal Reserve voted to leave interest rates unchanged on Wednesday, a decision that was widely anticipated by investors. While the move signals a pause for now, market commentators suggest a path toward monetary easing could still emerge indirectly.Members of the Federal Open Market Committee (FOMC) voted to hold the federal funds rate steady for the first time since July, keeping it in a range of 3.5% to 3.75%, while cautioning that inflation remains “somewhat elevated.”Two Fed officials dissented, voting in favor of an additional 25-basis-point rate cut.The Fed’s wait-and-see approach places it at odds with US President Donald…

Serena Williams won’t say whether she’s planning a return to professional tennis, and it’s safe to say she is tired of being asked about it. Williams, 44, appeared on the Wednesday, January 28 episode of Today to discuss her upcoming Super Bowl commercial for Ro and her weight loss journey. During the interview, anchor Savannah Guthrie asked about the former World No. 1 re-entering the WTA’s drug testing pool in December 2025, which some saw as a precursor to a potential return. “I mean, really? Are you asking this on the Today show? Oh my gosh,” an exasperated Williams replied.…

Nigerian footballers will remain firmly in the spotlight in Europe after a dramatic night of UEFA Champions League action on Wednesday confirmed the teams advancing to the knockout stages of the competition. With all 18 matches kicking off at the same time, the final round of the league phase delivered high drama, goals and major shifts on the table. By the end of the night, eight teams had booked automatic places in the Round of 16, while several others – led by clubs with key Nigerian players – secured spots in the playoff round. For Nigeria’s leading stars, it was…

A lawmaker representing the Bauchi Central Senatorial District, Senator Abdul Ningi, on Wednesday questioned why the National Assembly was allegedly excluded from the diplomatic discussions that paved the way for the United States military airstrikes in Sokoto State. Speaking during a debate on the airstrikes that reportedly killed several terrorists in Sokoto on Christmas night, the lawmaker said the military operation violated the United Nations, UN, Charter. He raised concerns that if such operations are allowed to be carried out in Nigeria without proper procedures, other countries may take action against the country. He noted that if the National Assembly…

The All Progressives Congress, APC, youths in the South East have strongly criticized the appointment of Obinna Ihedioha, brother of former Imo State Governor Emeka Ihedioha and a key leader in the African Democratic Congress, ADC, as Executive Director of the Nigeria Revenue Service, NRS, by President Bola Tinubu. They described the decision as a “direct insult” to loyal members of their party in the Southeast region. In a statement signed by Chukwuemeka Chidi, National Coordinator of the APC Igbo Youth Forum, the youths accused the current government of rewarding individuals connected to the opposition while sidelining party members who…

The Kano State Police Command has arrested a 25-year-old man, Ididiong James, for allegedly attacking his mother and unlawfully possessing an English Beretta pistol with eight rounds of ammunition. This was disclosed in a statement signed by the Police Public Relations Officer, CSP Abdullahi Haruna Kiyawa, on Wednesday in Kano.The statement said that on January 25, 2026, at about 7:30 pm, officers from the Panshekara Division responded to a distress call and found James assaulting his mother at their residence in Panshekara Quarters. The suspect reportedly fled the scene on the arrival of the police, but his mother handed over…