Author: News Room

The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations. The auction would span the three standard maturities of 91 days, 182 days, and 364 days, continuing the apex bank’s heavy reliance on short-term domestic instruments to fund government operations and manage liquidity. Market participants say the outcome would be closely watched for signals on the direction of short-term interest rates, especially amid mixed inflation trends and sustained monetary tightening.…

Lagos-born AS Monaco forward George Ilenikhena has made UEFA Champions League history by becoming the youngest African player to reach 15 appearances in the competition, surpassing a record previously held by former Nigeria international Nwankwo Kanu, PUNCH Sports Extra reports. Ilenikhena achieved the milestone at the age of 19 years and 157 days following his 18-minute appearance for Monaco in their 6-1 defeat to Real Madrid on Tuesday. “George Ilenikhena makes history. Youngest African player to reach 15 UCL games,” UEFA announced on Wednesday. Kanu’s long-standing mark was set when the two-time African Footballer of the Year reached the milestone…

Key takeaway:ETH faces selling pressure as $480 million in liquidations and falling network fees impact investor confidence.ETH’s negative funding rate may play a role in a potential rebound rally. Ether (ETH) price faced a three-day 13.8% correction, retesting the $2,900 support on Wednesday for the first time in four weeks. The movement followed a sharp decline across the cryptocurrency market as traders turned risk-averse amid a worsening socio-economic environment.ETH reclaimed the $3,000 level after US President Donald Trump called off import tariff hikes on various European Union countries. However, traders fear further downside after $480 million in bullish leveraged positions…

Blake Lively and Taylor Swift’s unsealed text messages indicate the moment when Lively’s It Ends With Us drama started to impact their friendship. “I have no reason to ask, but I donno [sic], I’ve been feeling like I should … is everything OK? I felt like a bad friend lately because I was such a sad sack who only talked about my own s*** for months,” Lively, 38, wrote in a text message to Swift, 36, in early December 2024, according to court documents unsealed on Tuesday, January 20. “You were generous to not only be the key person there…

The Nenadi Usman-led Labour Party has described Wednesday’s judgement of the Federal High Court sacking Julius Abure as national chairman of the party as a victory for democracy and the rule of law. It also said the judgement offers the party an opportunity to genuinely reconcile its various tendencies and rebuild the party into a strong and virile opposition platform. This was contained in a statement by Ken Asogwa, the senior special adviser (media) to the Interim National Chairman, Nenadi Usman. In a ruling delivered on Wednesday, the court presided over by Peter Lifu, recognised Mrs Usman, as the authentic…

The Nigeria Police Force has said that it is still collating names of the victims of the mass abduction in Kaduna State.Speaking during an interview on ‘Politics Today’, a programme on Channels Television monitored by DAILY POST on Wednesday, the Force spokesman, Benjamin Hundeyin said the police will update Nigerians when they have more information. He said, “We are still collating names, but we have an estimate. This is an investigation that is actively ongoing. “It’s not like we have CCTV camera in that place that can tell us what happened. The moment we have further information, we will update…

Former Manchester United defender, Rio Ferdinand, has insisted that Senegal forward Sadio Mane saved African football following the conclusion of the 2025 AFCON. Ferdinand made the assertion in his Rio Presents Podcast while speaking on the key moment when Senegal’s squad, incensed by the referee’s decision, marched off the pitch against Morocco during the AFCON final. He noted that the ‘gods’ favoured Pape Thiaw’s men after Mane told his teammates to return to the pitch and Senegal eventually won the match 1-0. “African football was at risk the moment Senegal’s team went down that tunnel whether Senegal were right or…

The Athletics Federation of Nigeria has sought to calm growing concerns within the athletics community over information that athletes would be required to pay N15,000 to register on the newly adopted Roster Athletics platform, The PUNCH reports. Concerns emerged after athletes and stakeholders encountered a payment option while registering on the digital platform, which the federation recently introduced to manage athlete data and competition entries nationwide. The development triggered criticism from several quarters, including Nigeria 100m record holde Olusoji Fasuba, who warned publicly that such a fee risked excluding grassroots athletes and undermining development. In an interview with The PUNCH,…

The Lagos State Police Command has uncovered a den disguised as a shrine and operated by suspected kidnappers in the Idimu area of the state. Operatives of the command also arrested no fewer than 13 suspects in connection with the discovery. The Commissioner of Police, Olohundare Jimoh, who led journalists on a tour of the premises located along Pipeline Road in the community on Wednesday, said the suspects were members of a notorious “one-chance” and kidnapping syndicate operating in the state. He said the arrests followed intelligence-led stop-and-search operations carried out by police operatives in the early hours of Sunday.…

When the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, recently averred that implementing comprehensive tax reforms in Nigeria is a pain Nigerians must endure, what struck me was how he seemed to think he had said something truly original. How many times in the past have we not heard one leader after another ask Nigerians to endure the pains of their economic reforms for the greater glory that awaits them somewhere in the future? But that fine future for which we are supposed to sacrifice has neither a timeline nor a definite date…