Author: News Room

The International Monetary Fund has warned Nigeria to tread carefully in pursuing a proposed $5bn Total Return Swap financing arrangement with First Abu Dhabi Bank, describing such structures as opaque and potentially risky, despite the country’s improved access to international capital markets. The IMF Resident Representative for Nigeria, Christian Ebeke, disclosed this on Tuesday during a virtual press briefing on the Fund’s 2026 Article IV Consultation Report on Nigeria. Speaking on the proposed transaction, Ebeke said, “We say in the report, and our view is that the transaction and these types of structures carry risks. Usually, they are opaque. So,…

The FIFA World Cup has always been a stage where new stars announce themselves to the world, and the 2026 edition looks no different. From established prodigies already lighting up Europe’s biggest clubs to emerging talents still finding their feet, a new generation is ready to take centre stage. According to Planet Football on Tuesday, Spain’s Lamine Yamal tops the list. Widely regarded as the most exciting young talent in world football, the Barcelona academy graduate has already amassed more than 150 appearances for club and country despite still being a teenager. His dribbling ability, creativity and end product have…

Telecom operators have compensated more than 75 million subscribers for poor network services, the Nigerian Communications Commission has said, in one of the largest consumer redress exercises recorded in Africa’s biggest mobile market. The industry regulator disclosed this in a communiqué issued on Tuesday following its 109th board meeting held on May 25, 2026, stating that the payout reflected significant progress in enforcing quality-of-service obligations across mobile networks. The development followed a directive issued by the NCC on March 29, 2026, mandating mobile operators to compensate subscribers for substandard network performance. Under the order, operators were required to automatically issue…

Apple kicked off its annual developer conference with bold promises about AI. The company, CEO Tim Cook said, would be “introducing new technologies and innovations that push the limits on what’s possible.” But its slew of announcements — centered on a brand-new “Siri AI” — had more to do with catching up.After almost entirely neglecting Siri and punting its AI promises down the road in 2025, Apple went all in on the tech this year. It pitched Siri as an all-encompassing virtual assistant that ties together all your Apple devices, with multimodal features, a dedicated app, an all-in-one AI agent…

StarkWare and Sui launched new privacy features this week that allow users to conceal transaction data without fully sacrificing auditability or regulatory oversight.StarkWare said Tuesday that it launched STRK20, a privacy framework for ERC-20 tokens on Starknet that allows users to shield balances and transaction data while providing mechanisms for disclosure under certain circumstances.Eli Ben-Sasson, co-founder and CEO of StarkWare, told Cointelegraph that “compliance-ready” does not mean STRK20 itself determines legal compliance or guarantees regulatory approval. He said the framework is built around a risk-based model in which privacy is conditional rather than absolute, with screening applied at entry into…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! For years, summer style has been dominated by breezy beige pants in shades of white, beige and oatmeal. But Summer 2026 is looking a lot more colorful. From bold stripes to tropical prints and cheerful gingham, statement-making pants are quickly becoming the trend fashion lovers can’t stop wearing. Colorful pants do all the heavy lifting for an outfit, turning a basic tank or white tee into something that looks thoughtfully styled. Better yet, these 17 eye-catching pairs start at just…

The House of Representatives on Tuesday summoned Nigeria’s service chiefs and the National Security Adviser (NSA), Nuhu Ribadu, to appear before lawmakers over the escalating wave of insecurity across the country, particularly in the North-west region. The resolution followed the adoption of a motion of urgent public importance sponsored by Sulaiman Gumi, who represents Gummi/Bukkuyum Federal Constituency of Zamfara State. The motion highlighted a series of deadly attacks, kidnappings and mass abductions across Zamfara, Sokoto, Katsina, Kaduna, Kano, Kebbi and Jigawa states, which lawmakers described as evidence of a deteriorating security situation despite ongoing military operations. Presenting the motion, Mr…

Peggy Ovire, the estranged wife of actor Freddie Leonard, has publicly accused him of delaying their ongoing divorce proceedings and made allegations about circumstances she claims contributed to the breakdown of their marriage. The actress made the claims in a series of posts shared on her Instagram Story on Tuesday. According to Ovire, Leonard was the one who initially sought the dissolution of their marriage. In one of the posts, she urged the actor to attend a scheduled customary court sitting, alleging that he failed to appear after being served court documents. “Please don’t avoid coming to the customary court…

The Inspector-General of Police, IGP, Tunji Disu, has charged senior officers of the Nigeria Police Force to remain proactive, intelligence-driven and adaptive in addressing the evolving security challenges confronting the nation. The charge was given during the monthly conference with strategic senior officers of the Nigeria Police Force held at the Goodluck Ebele Jonathan Peacekeeping Centre, Force Headquarters, Abuja, on Tuesday, 9th June 2026. The conference brought together Deputy Inspectors-General of Police, Assistant Inspectors-General of Police, Commissioners of Police, and other senior officers to review the nation’s security situation and assess ongoing policing strategies. Addressing the officers, the Inspector-General of Police…

The Nigeria Democratic Congress, NDC, has clarified that official results of the party’s recently concluded primary elections are yet to be released nationwide. The party made the clarification in a statement issued on Tuesday by its National Publicity Secretary, Osa Director, while reacting to reports of removal of some candidates from the list of winners in Kano State. Reports had emerged on Monday purporting that some candidates loyal to the NDC vice presidential candidate, Rabiu Kwankwaso, were removed. Clearing the air, NDC said it has not “released any official results of primary elections in any state”, urging the public and party members to “disregard…