Author: News Room

Nigeria recorded $10.37 billion in capital importation in the first quarter of 2026, representing an 83.83 per cent increase compared to the $5.64 billion received in the corresponding period of 2025 The development was contained in a report released by the National Bureau of Statistics (NBS) on Wednesday. The bureau’s latest Capital Importation Report also showed that foreign capital inflows increased by 60.97 per cent from the $6.44 billion recorded in the fourth quarter of 2025. According to the report, the increase reflects stronger investor participation in Nigeria’s financial markets during the period under review. Portfolio investment dominates inflows The…

The Senate on Wednesday passed a bill seeking to establish the National Agency for Malaria Elimination in Nigeria. The upper chamber passed the bill after considering the report of its Committee on Health, presented by Banigo Ipalibo, its chairman. The clauses of the bill were considered at the Committee of the Whole. The Senate President, Godswill Akpabio, announced the passage of the bill after a majority of the senators supported it through a voice vote. The bill was sponsored by the senator representing Delta North Senatorial District, Ned Nwoko. The legislation seeks to establish an agency to coordinate national efforts…

The Oyo State Police Command on Wednesday said it had commenced an investigation into an invasion of the Nigeria Immigration Service office in Ogbomoso on Tuesday night, during which firearms belonging to officers on duty were allegedly carted away. Investigation by The PUNCH revealed that the incident occurred around 10:00 pm at the Immigration office located along the Ogbomoso–Ilorin Expressway, near an NNPC filling station. A source said, “The assailants stormed the facility while commercial activities were still ongoing at the nearby Ayanyan Cattle Market. “During the attack, officers on duty were reportedly overpowered and dispossessed of their firearms. The…

A 45-year-old man, Yusuf Usman, has died after entering a well converted into a refuse pit in Kwa Town, Dawakin Tofa Local Government Area of Kano State, in an attempt to retrieve a mobile phone. The incident which occurred on Wednesday was confirmed in a statement issued by the Public Relations Officer of the Kano State Fire Service, Saminu Abdullahi. According to the statement, the Fire Service received a distress call at about 11:13 a.m. from one of its staff members, Kabiru Tata, reporting the incident. The statement said firefighters from the state headquarters were immediately deployed to the scene.…

A record 10 African countries will compete at the 2026 FIFA World Cup, taking advantage of the tournament’s expansion to 48 teams. From June 11 to July 19, teams and star players from the continent will chase football’s ultimate prize across venues in the United States, Mexico, and Canada. Morocco, who became the first African side to reach the semi-finals in Qatar in 2022, lead the continent’s challenge once again. Newcomers Cape Verde will make their debut, while DR Congo return for the first time since 1974. On Wednesday, BBC Sport Africa highlighted seven players expected to play leading roles…

Four of Nigeria’s biggest music stars — Davido, Burna Boy, Rema and Ayra Starr — have been unveiled as part of the official soundtrack album for the 2026 FIFA World Cup. The quartet secured spots on the star-studded album announced by FIFA Sound ahead of the tournament, which will be jointly hosted by the United States, Mexico and Canada. FIFA World Cup confirmed the lineup in a post shared on X on Tuesday, revealing the artistes featured on the official album scheduled for release on June 5. “The squad for the Official #FIFAWorldCup 2026™ Album is here! Pre-save for the…

Microsoft has two new Surface devices arriving later this year, both powered by Nvidia’s RTX Spark chips. I got a chance to take a closer look at both the Surface Laptop Ultra and Surface RTX Spark Dev Box at Microsoft’s Build conference this week, and while both have the same chip inside, they’re utilizing Nvidia’s RTX Spark in different ways.The Surface Laptop Ultra looks and feels very much like a 16-inch MacBook Pro. There are no transforming hinges, detachable displays, or any other tricks — this is a clamshell laptop built with performance in mind. Microsoft has opted for a…

A crypto whale who stubbornly held his HYPE short through May’s rally has finally been punished as Hyperliquid’s token kept climbing.Key takeaways:Trader has opened fresh long positions in Arthur Hayes’ trinity coins: HYPE, ZEC, and NEAR.HYPE has extended its bull pennant breakout and is now eyeing a rally above $100.Whale reverses HYPE bet after $46.46 million lossOn Tuesday, the trader known as “loracle.hl” finally closed his HYPE short, locking in a $46.46 million loss, according to data resource HyperBot.Loracle.hl’s closed perpetual trades. Source: HyperBotThe position also cost him more than $54,000 in funding fees, showing how aggressively he had bet…

Yep, you read that title correctly. This is a movie about a real estate agent who forms a connection with a ghost haunting a house she’s trying to sell. But the craziest thing about this premise? How well it works! It’s a charming mix of romance, mystery, and supernatural elements, set against the backdrop of a heartwarming story. Anna (Julie Gonzalo) is charming and delightfully headstrong as the agent tasked with selling a historic home that turns out to be haunted. The resident ghost Ruby (Madeleine Arthur), an old-fashioned and charming spirit from the 1920s, has no intention of leaving…

The Shenzhen experience ultimately demonstrates that industrial transformation is not accidental. It requires deliberate planning, sustained infrastructure investment and a long-term economic vision. Africa today stands at a similar crossroads. The continent possesses abundant natural resources, a rapidly growing population and one of the world’s largest emerging consumer markets. But without functioning infrastructure, industrial ambitions under AfCFTA may remain unrealised. When Chinese leader Deng Xiaoping designated Shenzhen as a Special Economic Zone in 1980, only a few could have predicted that the quiet fishing town with a population of roughly 30,000 people, beside bustling Hong Kong, would evolve into one…