Author: News Room
The initial public offering of Elon Musk’s SpaceX has reportedly seen an oversubscription rate running at almost four times the planned offering size, with some analysts suggesting it could be squeezing liquidity from the market. SpaceX’s IPO (SPCX) has attracted over $250 billion in investor demand, far exceeding the $75 billion it is seeking to raise in what would be the largest public offering ever, with the firm valued at $1.8 trillion, Reuters reported.Bankers and investors say it is the latest sign that demand is strong, as long-only funds have put in “sizable orders,” according to the sources. Pricing is expected…
Farmer Wants a Wife season 4 had its fair share of drama — but did the final three couples walk into the sunset? Viewers watched throughout season 4 of the Fox reality series as farmers Sean Cavanaugh, Braden Pridemore and Brett Maverick each took a group of women home to see if they could find The One, sending one person home every episode before making their final choice. Warning: Spoilers below for the season 4 finale of Farmer Wants a Wife. While each farmer had their individual ups and downs as they navigated dates, conflicts and even family dynamics, the…
The US and Iran exchanged retaliatory strikes on Tuesday night after the downing of an American Apache helicopter near the Strait of Hormuz, further escalating the tension in the Middle East. US strikes targeted the “Iranian air defense, ground control stations, and surveillance radar sites” near the Strait of Hormuz, in response to an Iranian attack that brought down the US helicopter, which President Donald Trump considered unacceptable. “The United States must, of necessity, respond to this attack,” Mr Trump told ABC News. “This is a response to what they did with our helicopter last night, and I believe the…
The Lagos State Safety Commission has directed hotels, nightclubs, event centres, lounges, restaurants and other hospitality businesses across the state to strengthen hygiene and safety measures following the Ebola outbreak reported in parts of Central and East Africa. The commission, however, stressed that there is currently no confirmed case of Ebola in Lagos or anywhere in Nigeria, noting that the advisory is a precautionary measure aimed at protecting residents and visitors. The directive comes amid intensified biosecurity screening by the federal government at the Murtala Muhammed International Airport as authorities seek to prevent the importation of the virus. The latest…
The Senate has intensified its oversight of the South East Development Commission (SEDC), demanding detailed explanations for billions of naira spent from funds released to the agency under the 2025 budget. The development followed an investigative hearing of the Senate Committee on South East Development Commission, where lawmakers raised concerns over several expenditure items contained in the commission’s financial records. Chairman of the committee, Senator Orji Uzor Kalu, disclosed that,”records obtained from the Central Bank of Nigeria indicated that the commission received N16.6 billion in budgetary releases. However, only N13 billion remains in its accounts, suggesting that about N3.6 billion…
Veteran Nollywood actor and politician, Kenneth Okonkwo, has continued to react to the reports that the presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, is demanding N5 billion in damages over alleged defamatory remarks. In a statement posted on X on Wednesday, Okonkwo mocked the reported legal action, suggesting that Obi was seeking funds for political campaigns. The former Obi campaign spokesman claimed that if Obi needed funds for political activities, he should ask him privately rather than resort to what he described as extortion. “It has been brought to my notice that there is a letter circulating…
The Marine Police Unit of the Lagos State Police Command has rescued a 23-year-old man, Joshua Babalola, after he reportedly attempted to take his own life by jumping into the Lagos lagoon from the Third Mainland Bridge. The incident occurred at about 10:30 a.m. on June 8, 2026, when officers of the Marine Police received information that a young man had plunged into the lagoon from the bridge. Acting swiftly on the report, marine police operatives mobilised to the scene and successfully rescued the victim alive with the assistance of local fishermen operating in the area. Following his rescue, Babalola…
Portugal forward, Francisco Trincão, has characterized Nigeria as a tough opponent and anticipates a difficult match when the two countries play in an international friendly on Wednesday. With wins over Zimbabwe and Jamaica and a draw against Poland in their previous three friendly games, the Super Eagles are in strong form going into the match. Trincão maintained that Portugal’s main goal is still to carry out their strategy and build momentum before the FIFA World Cup, despite Nigeria’s impressive recent performances. Speaking at the press conference on Tuesday, Trincão highlighted the physical characteristics of both African teams and compared the Super Eagles…
The Federal Government on Tuesday acknowledged that inflation and insecurity remain major challenges facing Nigerians, even as it defended the economic reforms introduced by President Bola Tinubu’s administration over the past three years. Speaking at a press conference to mark the 2026 Democracy Day celebration in Abuja, Secretary to the Government of the Federation, George Akume, said the government was aware of the hardship caused by its policies but argued that recent economic indicators suggested improvements in key sectors. Akume stated, “The government, though with all hands on deck, would never claim that every challenge has been solved. “While we…
Some residents of Governor’s Road in Ikotun, Alimosho Local Government Area of Lagos State, on Saturday took to the streets to protest the rising wave of cult-related violence following fresh killings in the area. Our correspondent gathered on Monday that at least two persons were feared killed in separate cult-related clashes across parts of Lagos State, including Sangotedo in Ajah, Ikotun, and sections of Lekki. PUNCH Metro learnt from community sources that the victims included a man identified as Ola and another known simply as Chief Priest, who were reportedly killed in the attacks. In Sangotedo, near a popular supermarket,…
