Author: News Room

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on Nigerians to ensure peaceful, credible and transparent elections in 2027, describing vote buying as a threat to democratic governance. Mr Olukoyede made the call on Wednesday while delivering the inaugural lecture of the High-Level Guest Speakers’ Series organised by the Centre for Peace and Strategic Studies (CPSS), University of Ilorin. The lecture was themed: “Mobilising Critical Stakeholders for Setting the Agenda for Peaceful and Credible 2027 Elections in Nigeria.” The EFCC chairman said the Commission was committed to combating the monetisation of the electoral process,…

The United States Africa Command has said its military cooperation with Nigeria is firmly grounded in respect for Nigerian sovereignty and mutual interest, stressing that American forces operate in the country strictly by invitation and within an agreed bilateral framework. AFRICOM’s Director of Public Affairs, Col Rebecca Heyse, stated this during an X Space discussion on Tuesday, titled “Strengthening Security Through Strategic Information Sharing: United States and Nigerian Military Partnership Against Terrorism.” Heyse was unequivocal that the partnership was not an imposition. “Our operations and cooperation with Nigeria are rooted in fundamental respect for Nigerian sovereignty. We operate strictly by…

That the news of the police rescue of Mrs Olaide John-Paul (the sister of former Minister of Power, Adebayo Adelabu) and her 12-year-old twin sons, Peter and Paul, was not well-received in all quarters is almost understandable. What should have been a celebration of an efficient rescue at a time we are undergoing some of the worst insecurity crises in our recent history turned into conspiracy theorising. Each time I see snide comments about how the whole thing was staged, I want to ask: why would Adelabu, or anyone in the government, employ such a costly gimmick? A frustrated presidential…

Renewable energy stakeholders have intensified calls for the widespread adoption of solar generators in Nigeria, describing the technology as a practical and cost-effective alternative to the millions of petrol and diesel generators powering homes and businesses across the country. The push formed the basis of discussions ahead of the inaugural Nigeria Solar Generator Day, where policymakers, investors, renewable energy firms and development partners are expected to explore ways of accelerating the deployment of solar-powered systems nationwide. A statement jointly issued on Wednesday in Abuja by three organisations—ZE-Gen, GOGLA and VeraSol—said Nigeria’s growing appetite for reliable electricity, coupled with rising fuel…

Bluesky will be getting “communities,” which will function as smaller spaces where you can “go deeper and hang out with people who care about the same stuff” sometime this year, according to head of product Alex Benzer. They will be built on the decentralized AT Protocol that underpins Bluesky, with Benzer saying that “it’s a new structure for everyone” that’s part of the “Atmosphere” (a shorthand for the AT Protocol ecosystem).Benzer listed out a “few ideas we have in mind so far” in a thread. “On Bluesky, you’ll be able to create communities, join them, post in them, and get…

Cryptocurrency market outflows reflect a sentiment shock, as geopolitics, rate expectations and capital rotation into artificial intelligence weigh on digital assets, according to James Butterfill, head of research at CoinShares.In a statement sent to Cointelegraph, Butterfill said that sentiment in crypto markets has “soured drastically” after billions of dollars flowed out of digital asset investment products in recent weeks.“This is a pure sentiment shock rather than a structural break,” Butterfill said.Butterfill added that the correction was being driven primarily by geopolitics, with uncertainty around the Iran conflict weighing on the outlook for interest rates. He said expected rate cuts had…

Amanda Batula got real about why she couldn’t bring herself to tune into Summer House after she and West Wilson went public with their romance. “I haven’t been watching the show, but I watched past seasons,” Amanda, 34, revealed during part 3 of Bravo’s extended and uncensored reunion on Peacock, which aired on Wednesday, June 10. “I have not watched this.” Amanda’s estranged husband, Kyle Cooke, was among the cast members who were visibly upset by her confession, asking, “Do you plan on watching?” Kyle — who was married to Amanda for four years before they announced their split in January…

An Economic and Financial Crimes Commission (EFCC) investigator on Wednesday told an FCT High Court in Abuja how former Minister of Aviation, Hadi Sirika, allegedly disguised an Ethiopian Airlines aircraft as Nigeria’s national carrier during the former President Muhammadu Buhari administration. EFCC’s 12th prosecution witness, Christopher Odofin, revealed that the aircraft was loaned to Nigeria for just three days from 27 to 29 May 2023. He testified that the plane was flown back to Ethiopia immediately after being passed off as a Nigeria Air national carrier. According to the witness, this was contained in a portion of the contract agreement…

The Northern Elders Forum has called on the Federal Government to immediately declare a national security emergency, warning that worsening violence, kidnappings and bandit attacks across the country pose a serious threat to Nigeria’s stability and economic survival. In a statement issued on Wednesday, the spokesperson for the forum, Abubakar Jiddere, said the country was experiencing an unprecedented security crisis, with criminal activities spreading across several regions and leaving millions of Nigerians vulnerable. The forum expressed concern over what it described as the government’s inability to adequately protect lives and property, noting that communities in states such as Zamfara, Katsina,…

Improved foreign exchange liquidity driven by economic reforms is prompting Nigerian banks to expand international spending limits on naira cards, signalling renewed confidence in the economy and easing access to global payments, ARINZE NWAFOR writes Deposit Money Banks are increasing the amount naira cardholders can spend abroad as dollar liquidity strengthens across the financial system. Following financial sector reforms and the clearance of a $7bn foreign exchange backlog by the Olayemi Cardoso-led Central Bank of Nigeria, foreign exchange inflows into the economy continued to rise, reaching $112bn by the end of 2025. The increase in autonomous foreign exchange inflows, foreign…