Author: News Room

The Federal Government has taken steps towards resolving Nigeria’s estimated N4tn power sector debt burden as five power generation companies signed settlement agreements under the Presidential Power Sector Debt Reduction Programme, following the issuance of a N501bn bond. The bond, which reportedly recorded 100 per cent subscription, was issued in Lagos on Tuesday, attracting interest from pension funds, banks, asset managers, and other institutional investors, signalling renewed confidence in the government’s electricity market reforms and its approach to resolving legacy sector challenges. The programme, driven by President Bola Tinubu, is designed to address payment arrears owed to power generation companies…

Grieving Super Eagles midfielder Wilfred Ndidi has revealed that he spoke with his father, Sunday Ndidi, just hours before the retired military officer died in a road accident in Delta State on Tuesday, The PUNCH reports. Ndidi’s father was reportedly involved in an accident in Umunede, Delta State, and was confirmed dead after being rushed to a hospital in Agbor, also in Delta State. The death was confirmed by the player’s club, Turkish side Besiktas, at about noon on Tuesday. In an Instagram post, the 29-year-old expressed deep sadness over the loss, revealing that they had spoken earlier that day.…

Bitcoin could break out of its “sideways funk” if the United States central bank attempts to support a failing Japanese bond market by printing money, according to BitMEX founder Arthur Hayes.Hayes proposed a theory on Wednesday about how the Federal Reserve “could be printing money to manipulate the yen and JGB [Japanese government bond] markets.”Japan faces a dual crisis: the yen is weakening while Japanese government bond yields are rising simultaneously, signaling a potential loss of market confidence. This also impacts the US because Japanese investors might sell US Treasurys to buy higher-yielding JGBs instead.“Will a meltdown of the yen…

Clark Hunt is just like every NFL fan, waiting to see what Travis Kelce will decide about his possible retirement — but the Kansas City Chiefs owner does have his own dream scenario for the tight end. “Well as an organization, we certainly hope that he will come back,” Hunt, 60, said during an appearance on the Tuesday, January 27, episode of NFL Network’s Good Morning Football. Hunt noted that Kelce, 36, had “another great year” with the organization even if it wasn’t “maybe on par with where he was four or five years ago.” The Chiefs CEO pointed out…

Galatasaray head into Wednesday night’s UEFA Champions League showdown against Manchester City with history firmly within reach and ambition driving every step to the Etihad Stadium. For the Turkish giants, qualification for the knockout rounds remains the immediate objective. But beyond survival, there is a far bigger landmark in sight. Galatasaray are just two goals away from becoming the first Turkish club to reach 250 goals in the European Cup and Champions League combined, a milestone that would cement their legacy on the continent. At the heart of that pursuit stands Victor Osimhen. Osimhen, records and responsibility The Nigerian striker…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited global energy investors, upstream operators, financial institutions and strategic partners to a webinar ahead of Nigeria’s 2025 oil and gas licensing round. In an advertorial posted on its official X page, the commission said the proposed webinar, titled “the 2025 Licensing Round Pre-bid Webinar” is designed to provide investment clarity and execution certainty for companies seeking to participate in the licensing round, which will offer 50 oil and gas blocks across frontier, onshore, shallow-water and deepwater terrains. According to the regulator, the engagement forms part of its broader commitment to improving…

Former Director of Army Public Relations, Brigadier General Sani Kukasheka-Usman (Rtd.), has said that officers accused of plotting a coup will be tried by court-martial under civilian administration. Kukasheka-Usman stated this while fielding questions on Arise News on Tuesday. He stated the offence was serious and required strict compliance with both military and civilian legal procedures. Kukasheka-Usman further explained that under military regulations, serving personnel cannot be tried until their commanders establish that an offence has been committed and due process has been followed. According to him, members of the armed forces are subject to military, civil and international laws,…

The 2023 presidential candidate of the New Nigerian Peoples Party NNPP, Rabiu Musa Kwankwaso has vowed that the Kano State Governor, Abba Yusuf will not be re-elected in 2027. The former governor of Kano spoke to BBC Hausa while reacting to Governor Yusuf’s defection to the All Progressives Congress, APC. According to Kwankwaso, the governor lost the election the moment former APC National Chairman, Abdullahi Ganduje raised his hand. He declared that the governor will regret the decision of dumping NNPP for the ruling party. He said, “We never expected this kind of betrayal from Governor Abba. He will regret…

Operatives of the Force Criminal Investigation Department, FCID, Annex, Alagbon-Ikoyi, Lagos, have arraigned a man, Samson Onaolapo, before the Federal High Court in Lagos over his alleged involvement in a $7,000 online romance fraud. Onaolapo appeared on Tuesday before Justice Alexander Owoeye, where he was charged with four counts bordering on conspiracy, impersonation, obtaining money by false pretence and stealing. According to the police, the defendant, who resides at Association Crescent, Abimbola Awoniyi Estate, Ifako-Ijaiye, Lagos, allegedly posed as an American citizen identified as Scott Spark to deceive two victims, Patti Anna and Linda Morgan. The prosecution, led by Williams…

The King Kosoko Royal Family has announced veteran Nollywood actor and filmmaker, Jide Kosoko, as the Oloja of Lagos-elect. The position became vacant following the death of Chief Adebola Ige on December 23, 2017. Kosoko, 72, was formally presented as Oloja-elect at the King Kosoko Palace in Ereko, Lagos Island, in the presence of a large gathering of royal family members and well-wishers. The declaration was made by the Olori Ebi General of the King Kosoko Royal Family, Mrs Mutiat Ali-Balogun. In line with long-established palace customs, Ali-Balogun raised Kosoko’s hand in affirmation before the assembly, accompanied by traditional rites…