Author: News Room

In Nigeria, and in many countries with underdeveloped economies, the most important periods are the year right before a general election, the year of that election (when the winners emerge), and two years after that election (all the time the losers need to seethe over their losses as they await another opportunity). Elections are, of course, crucial in any society that runs a democratic structure, but their significance also takes on a different hue in poorer economies. That enduring vitality is a function of the political-economic structure maintained in those societies. In an undiversified economy like Nigeria, where the primary…

Nigeria’s economy is showing early signs of stabilisation, but progress remains fragile, the Institute of Chartered Accountants of Nigeria said on Wednesday, emphasising that accountability will be critical to sustaining fiscal reforms and national development. The event, ICAN’s 2026 Economic Outlook, part of its 60th anniversary celebrations in Lagos, brought together policymakers, industry leaders, regulators, and top professionals to examine how transparency and fiscal discipline can drive sustainable national development. ICAN President and Council Chairman, Mallam Haruna Yahaya, delivered the opening remarks at the institute’s 60th anniversary Economic Outlook in Lagos, describing the event as both an opportunity to reflect…

Billionaire industrialist and Chairman of BUA Group, Abdulsamad Rabiu, on Thursday announced that he will fulfil his $500,000 pledge to the Super Eagles despite the team’s failure to clinch the Africa Cup of Nations title. Rabiu disclosed this in a message shared on his official Instagram page, where he applauded the Nigerian team for their resilience, courage and fighting spirit throughout the tournament. He praised the players for giving their all on the pitch, noting that although the desired outcome was not achieved, they had made Nigerians proud with their performance. “You fought with your hearts, gave your all, and…

The United Kingdom has walked back plans to make its upcoming digital ID scheme a mandatory requirement for working adults. While the UK government remains “committed to mandatory digital right-to-work checks,” an unspecified government spokesperson told The Times, digital ID will now be optional when the initiative is introduced sometime in 2029.The national digital ID plans were announced by Prime Minister Keir Starmer in September with the aim of cracking down on illegal migrant workers, specifying that digital ID “will be mandatory for right to work checks by the end of the Parliament.” The digital ID will include a person’s…

The debate over DeFi and stablecoin reward provisions in the CLARITY Act is at risk of holding the bill back as banking and crypto stakeholders push competing agendas.US Senator Cynthia Lummis reportedly expects the US Senate Banking Committee to delay its hearing on crypto market structure legislation after Coinbase withdrew support for the bill.There were already some murmurs of a CLARITY Act Senate markup delay on Wednesday, which were heightened following an X post from Bloomberg reporter Steven Dennis on Wednesday night, stating:“Lummis tells me her recommendation and expectation is that the markup be pulled for now. It’s Banking Chair…

Authorities in Wyoming have accused a 35-year-old mother of fleeing to New Mexico with her 11-month-old son, where investigators claim she decided to murder the boy so she wouldn’t have to cede custody to his father. Madeline Daly has been charged with first-degree murder and abandonment of a child resulting in death for allegedly kidnapping her son, Basil, in Wyoming before taking off to Silver City, New Mexico. Police said Daly shot the infant to death on December 23, 2025, as New Mexico authorities were closing in on her hiding place in an RV park. She was handcuffed and has…

The Federal High Court in Abuja has fixed 23 January to hear an application by the Kabiru Turaki-led faction of the Peoples Democratic Party (PDP) to stay further proceedings in a suit brought by a rival faction aligned with Nyesom Wike, the Minister of the Federal Capital Territory. Judge Joyce Abdulmalik on Wednesday adjourned the matter to allow the Wike-aligned faction, represented by Senior Advocate of Nigeria (SAN) Onyechi Ikpeazu, to respond to the motion for stay filed by the Turaki-led faction of the party. The Mr Wike-led faction of PDP, through its acting chairperson Mohammed Abdulrahman and factional secretary…

The Transmission Company of Nigeria (TCN) has restored electricity supply to Taraba State following the completion of upgrade works on the Yola–Mayo Belwa–Jalingo transmission line. Power supply to Jalingo and surrounding areas was fully restored on Wednesday after all required pre-commissioning tests and the mandatory soak period were successfully concluded in line with operational standards. The upgrade works, according to a statement issued by the company on Wednesday, necessitated a planned outage that commenced at 2:16 pm on January 9, 2026. According to TCN, the shutdown was required to allow contractors to carry out critical activities, including line stringing from…

The African Democratic Congress, ADC, has criticised the administration of President Bola Ahmed Tinubu over reports that the Federal Government approved a $9 million lobbying contract in the United States, accusing it of prioritising image laundering abroad over pressing security and economic challenges at home. In a statement posted on Wednesday via X, the party’s spokesperson, Mallam Bolaji Abdullahi, described the expenditure as “obscene” and evidence of “misplaced priorities and moral blindness,” especially at a time when millions of Nigerians are grappling with rising food prices, fuel costs, and limited access to basic healthcare. “No government in Africa has ever…

Senegal have booked their place in the final of the 2025 Africa Cup of Nations. The Teranaga Lions qualified thanks to a 1-0 win over Egypt in the first semi-final played on Wednesday evening. It was a cagey affair between the two teams, which shots on target a rarity for most of the game. But all that changed in the 75th minute of the match after the ball fell to Sadio Mane outside the box. Mane only took one touch to smash the ball into the bottom of the net. Senegal will now await the winner of the second semi-final…