Author: News Room
Nigerian stocks reported a modest gain last week, appreciating by 0.3 per cent as the market only ran limited trading sessions on account of the public holidays commemorating Eid el Adha celebrations. The advance was largely driven by increased demand for oil and gas stocks. The main equity index has returned 60.9 per cent year to date, with just five months gone in 2026. “From a technical standpoint, the market’s 10-day RSI moderated further to 71.47pts (vs. 78.93pts in the prior week), indicating that while the market remains in overbought territory, momentum has continued to ease, thereby reducing the intensity…
Troops of the Nigerian Army have rescued three kidnapped victims during a clearance operation in Sakaba Local Government Area of Kebbi State. The development was disclosed by security analyst and counter-insurgency expert, Zagazola Makama, in a post shared via his X handle. According to security sources cited in the report, the operation was carried out at about 11:48 a.m. on May 30 by troops of CSI Battalion III in collaboration with vigilantes and forest rangers. The sources said the joint security team was conducting a patrol at the Kharisin hunting ground when suspected terrorists sighted the advancing troops and fled…
The Arewa Consultative Forum, AFC, has vehemently rejected the one-term promise by the presidential candidate of the Nigerian Democratic Congress, NDC, Mr Peter Obi. DAILY POST reports that the Forum also passed a poor performance verdict on President Bola Tinubu-led government after three years in office. ACF, a quasi-political and socio-cultural association promoting the political interest of Northern Nigeria, said Obi’s promises do not only undermine the nation’s democracy, but are also unconstitutional. The ACF’s stance adds to the growing debate over the NDC presidential candidate’s pledge and what it means for regional power dynamics ahead of the next general…
Mining Marshals have arraigned 15 Chinese nationals, nine Nigerian citizens, and a mining company before the Federal High Court in Abuja over alleged illegal lithium mining operations in Nasarawa State. The defendants were brought before Justice Ofili-Ajumogobia of the Federal High Court, Abuja, following their arrest during a joint enforcement operation on May 16, 2026, in Kokona Local Government Area of the state. According to court filings, the suspects were allegedly caught carrying out mining activities without lawful authorisation within a mineral-rich area covered by Exploration Licence No. 036528-EL, legally held by TIMADIX Geomin Consult Ltd. Prosecutors alleged that the…
Galatasaray striker, Victor Osimhen, has urged the public to disregard any speculation surrounding his future with the club after comments made by Nigeria head coach Eric Chelle suggested he could be close to completing a transfer away from the Turkish Super Lig champions this summer. Chelle caused fresh rumours about Osimhen’s next destination while explaining his absence from Nigeria’s upcoming international friendlies against Poland and Portugal this June. The Malian revealed that Osimhen requested to stay away from the squad as he focuses on a potential move. “We miss two players because Victor Osimhen may be about to change clubs,”…
The United States and Iran said Monday they had again traded strikes, straining an already fragile ceasefire as negotiations between the two sides have stalled. Weeks of complicated talks marked by sharp rhetoric and occasional flare-ups of violence have not managed to reach a deal to end the war and reopen the Strait of Hormuz, which is essential to oil supplies. Washington and Tehran have sharp differences on questions like Iranian nuclear efforts and the fighting in Lebanon, which Iran has demanded must stop as part of a broader agreement. The latest exchange of fire coincided with Israel expanding its…
The Students’ Union Government of the Federal University of Technology, Owerri, says it will boycott all academic activities following the death of a 100-level cybersecurity student, Chinedu Christogonus. The declaration for a boycott, which will run from June 1 to June 5, 2026, comes amid growing outrage and calls for justice over the circumstances surrounding the student’s death, an incident that has plunged the university community into mourning. According to reports circulating within the institution, the incident allegedly stemmed from a dispute over N13,500 reportedly realised from a patrol operation. Chinedu, who was said to have served as an Aide-de-Camp…
“I am calling on the government and people of goodwill to intervene to get me out of my current situation. Kindly help me out of my predicament. I am begging you to treat me with compassion. I am calling on the government, particularly the president, to pity me and get me out of this serious situation.” – Leah Sharibu, 2018. The appeal above, calling for rescue and justice, was made eight years ago. Unsurprisingly, many Nigerians may no longer recognise Leah Sharibu’s emotional voice, as efforts towards her rescue have significantly diminished. Leah was just an innocent student until the…
The Osun State All Progressives Congress Governorship Campaign Council on Sunday demanded probe into the death of one Taliat Simbiat during the Accord Party primary for Ayedire/Iwo/Olaoluwa Federal Constituency held in Iwo, Osun state. The Head, Media and Publicity Committee of the Governorship Campaign Council, Remi Omowaiye, in a statement obtained in Osogbo, alleged that the deceased was killed during the Accord Party primaries held in Iwo, saying violence and destruction of property marred the exercise in the state. Omowaiye said reports emerging from different parts of the state paint a disturbing picture of chaos and bloodshed arising from the…
The Lagos Waste Management Authority says it has achieved a milestone in environmental innovation and waste-to-wealth initiatives, as Team Zero Trace, a group of intern students at the agency’s academy, converted abandoned tyres retrieved from the Olusosun Landfill into creatively crafted decorative tables for household use. The Director of Public Affairs at LAWMA, Mukaila Sanusi, disclosed this in a statement on Wednesday obtained by The PUNCH. Speaking during the presentation of the project in his office, the Managing Director/Chief Executive Officer of LAWMA, Dr Muyiwa Gbadegesin, commended the ingenuity and creativity demonstrated by the interns, describing the initiative as a…
