Author: News Room

The Federal Capital Territory (FCT) High Court in Jikwoyi, Abuja, on Thursday, convicted two men of impersonating officers of the Economic and Financial Crimes Commission (EFCC) to defraud members of the public, with sentencing fixed for 22 July. Trial judge M. Zubairu convicted Haruna Mamuda and Sadiq Umar after they pleaded guilty to five charges of criminal conspiracy, impersonation and unlawful representation. The charges arose from allegations that the defendants falsely presented themselves as EFCC operatives in March and used the assumed identities to deceive unsuspecting members of the public. According to the prosecution, the two defendants, alongside Salifu Mustapha,…

Nigeria’s economic managers, captains of industry, development partners and business leaders on Thursday converged on Lagos to chart a roadmap for translating the country’s improving macroeconomic stability into inclusive economic growth, with strong calls for sustained reforms, greater private sector investment and stronger coordination between fiscal and monetary authorities. The discussions took place at the 14th BusinessDay CEO Forum Nigeria 2026, themed ‘From Stability to Shared Prosperity,’ where the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the Coordinating Minister of the Economy and Minister of Finance, Dr Taiwo Oyedele, assured investors that Nigeria had entered “a new…

Increased activity across Bitcoin’s (BTC) futures markets is playing the dominant role in its short-term price action, which keeps tracing back to where leveraged positions are stacked. Prices tend to gravitate toward where liquidity is most concentrated, and as Bitcoin battles to hold above $64,000, reviewing current liquidation scenarios may provide insight into BTC’s next move. Liquidation heatmap data shows a cluster of short positions concentrated between $65,500 and $66,000, roughly 3% away from current market pricing. A push through $65,600 may put that shelf in play and could accelerate a larger rally toward $67,000.Below market pricing, support is layered in…

Tia Mowry poked fun at her bond with sister Tamera Mowry’s and how their relationship has changed as they’ve gotten older. “Me when Netflix makes a documentary about having the same face but completely different lives,” Tia, 48, wrote alongside a TikTok video shared on Wednesday, July 15. Tia was participating in the viral trend that mimics a documentary set. She sat down in a director’s chair as she looked into the camera while seemingly gearing up to tell her side of the story. “There should honestly be a support group 😂,” the actress added in the caption. Fans took…

The Senate on Thursday rejected a motion seeking a review of the process for evaluating, considering, and awarding contracts in the National Assembly in line with procurement regulations and the parliament’s approved budget. The upper chamber decided after a majority of senators opposed the proposal during the plenary session. The motion, sponsored by the Chairman of the Senate Services Committee, Sunday Karimi (APC, Kogi West), was stepped down after lawmakers argued that the Senate leadership needed first to address the issues raised and reach a clear position before bringing the matter to public debate. The Senate President, Godswill Akpabio, said…

The United States House of Representatives has approved measures seeking to condition American assistance to Nigeria on demonstrable steps by the Federal Government to tackle violence and protect vulnerable communities, including Christians. The measures were adopted during consideration of the fiscal 2027 State Department spending bill, which the House passed on Wednesday by 217-209 votes, largely along party lines. A key amendment sponsored by Republican Congressman Gregory Steube raised the proposed restriction on US assistance to Nigeria from 50 per cent to 100 per cent, meaning all funds allocated to the country would be withheld until the Federal Government meets…

Tokenization platform Tradable plans to bring up to $1 billion in private credit assets onto the Stellar blockchain, expanding institutional access to tokenized real-world assets (RWAs) as demand for onchain private markets continues to grow.Tradable said Thursday that $500 million in notional value is expected to be available when the initiative launches, and it will increase the amount to $1 billion over time. The company will use Stellar’s network to support institutional functions, including compliance, investor onboarding and asset lifecycle management.The timing of the initiative’s launch was not disclosed.Stellar Development Foundation CEO Denelle Dixon said the agreement reflects growing institutional…

The attorney for Los Angeles Chargers head coach Jim Harbaugh responded to the allegation that Harbaugh aided a former University of Michigan staff member linked to ex coach Sherrone Moore in having an abortion.  Tom Mars, who represents Harbaugh, 62, issued a statement after journalist Justin Spiro incorrectly reported that Harbaugh — who was the head coach at Michigan from 2015 to 2023 — “helped arrange an abortion procedure” for Paige Shiver, the former Michigan football staff member whose years-long relationship with Moore, 40, eventually led to his termination last year.  “Don’t take this personally, but you should see a…

The Federal High Court in Abuja on Thursday adjourned the 11-year-old N3.1 billion money laundering trial of former Benue State Governor Gabriel Suswam until 25 September. Judge Peter Lifu adjourned the case despite the Economic and Financial Crimes Commission’s (EFCC) request that the matter be heard on Friday. The adjournment means the adoption of final written addresses, the last stage before judgement, will now take place after the court’s annual vacation, which begins on 27 July. During the Thursday’s proceedings, the prosecution urged Judge Lifu not to postpone proceedings for too long, arguing that the case had already lasted 11…

Activists Peter Akah and Precious Oruche, popularly known as Mama Pee, on Thursday declared that they would not be intimidated into silence after completing a second round of questioning by the Economic and Financial Crimes Commission over allegations of naira abuse. Speaking in a video posted on Akah’s X handle shortly after leaving the EFCC headquarters in Abuja, the duo said they remained committed to speaking against “poor governance.” They also reaffirmed their support for Nigeria Democratic Congress presidential candidate, Peter Obi, ahead of the 2027 polls. Akah said he and Mama Pee honoured the EFCC’s invitation on Wednesday after…