Author: News Room

Payment processing, FX hindering Nigeria’s creative exports — Report

Nigeria’s creative industry is not being held back by a shortage of talent but by weak systems that continue to undermine its potential to become a globally competitive economic force. This is according to a new report released on Tuesday by the Nigerian Entertainment Conference (NECLive) in partnership with Frontyard Group. The report, The State of Nigeria’s Creative Economy 2026, draws on the experiences of 377 creative professionals across eight industry sectors, offering a data-driven assessment of the structural challenges facing one of Nigeria’s fastest-growing economic sectors. Rather than celebrating the industry’s global achievements, the report examines the systems surrounding…

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Yewa-Ebedei Controversy: How an abandoned playoff has put NLO’s rule enforcement under scrutiny

The controversy surrounding the abandoned Nationwide League One playoff between Yewa FC Academy and FC Ebedei has evolved into one of the biggest governance disputes in Nigerian grassroots football this season. What began as a serious injury to a goalkeeper during a playoff match in Akure has now raised wider questions about consistency in the application of league regulations, the treatment of match officials, the handling of confidential reports and the interpretation of the NLO’s own disciplinary rules. Official correspondence, petitions, league statements and interviews obtained by PREMIUM TIMES show a growing disagreement between Yewa FC Academy and the Nationwide…

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Abducted Osun LG vice chairman spends 22 days in captivity as negotiations continue

Twenty-two days after he was abducted by gunmen in Ora, Osun State, the Vice Chairman of Ifedayo Local Government Area, Mr Debo Farounbi, has yet to regain his freedom. PUNCH Online reports that Farounbi was abducted at about 10 p.m. on Tuesday, June 9, in Ora, a boundary community along the Osun-Kwara border, by gunmen suspected to be bandits. Three other people were also abducted during the attack. However, sources in the community said military personnel and local vigilantes stationed in the town mounted strong resistance, forcing the attackers to abandon three of the victims while escaping with Farounbi after…

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Rockstar workers push to unionize ahead of GTA VI’s launch

Workers at Grand Theft Auto VI developer Rockstar Games have submitted a request for their union, the IWGB Game Workers Union, to be voluntarily recognized, according to a press release. The request follows Rockstar firing more than 30 staffers last year in a move accused of being “union busting.”According to the release, IWGB members have been “actively” organizing since 2019 and “claim they now represent a significant proportion of the workforce across each of the studio’s sites in Edinburgh, Dundee, Lincoln, Leeds and London.” As the union has grown, “Rockstar has already made improvements to workers’ conditions including unprecedented average…

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AI Power Crunch Turns Bitcoin Miners Into Data Center Plays

By the end of 2025, the power capacity tied to artificial intelligence data centers worldwide had reached about 29.6 gigawatts (GW), enough to run all of New York state at peak demand, according to Stanford University’s annual report on the AI industry. The report, released in April, suggests that compute itself is abundant and getting cheaper. Permitted, grid-connected, ready-to-draw electricity is in high demand, but the sources to power it are much harder to come by. One industry has spent the past decade quietly building exactly that infrastructure for a different reason: Bitcoin mining.AI data center power capacity reached about 29.6…

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Celebrities Who Moved Away From Los Angeles

Several A-listers have decided to say goodbye to Los Angeles and grow roots elsewhere. Years after This Is Us came to an end, for example, star Chrissy Metz relocated from the City of Angels to Nashville. “I was in L.A. for 21 years, but my family is in Florida, where I’m from, and during the pandemic, I could drive to them from here,” Metz explained to People in April 2025. It’s just a better quality of life here. Everything is 15 minutes away, and it’s just so much less stress.” In December 2025, Joe Manganiello and fiancée Caitlin O’Connor relocated…

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Centre honours journalists at 20th anniversary event

The Centre for Social-Legal Studies (CSLS), a non-governmental organisation focused on justice sector reforms, on Tuesday, honoured journalists who have contributed to promoting its works and reforming the justice administration in the country. CSLS presented the award to the journalists in Abuja in commemoration of its 20th anniversary. The President of the CSLS, Yemi Akinseye-George, noted that the awards were given in recognition of the journalists’ hard work, without which, he said, “our voices will not be heard.” “All our work will just remain on the shelf. That’s why we are honouring you today,” the professor and Senior Advocate of…

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Veteran actor Elegbeje Ado is dead

The Yoruba Nollywood industry is mourning the death of Taiwo “Elegbeje Ado” Adeshina. His colleague, Kunle Afod, announced the news in a statement he posted on his Instagram page on Tuesday. While Afod didn’t confirm the cause of the actor’s death, Seun Oloketuyi, founder of the Best of Nollywood Awards, confirmed on his own Instagram page that Elegbeje Ado died on Monday after a brief illness. Afod wrote: “We regret to announce the passing of one of the legends of the Yoruba Nollywood industry, Baba Elegbeje Ado. “Your immense contribution to the growth of Yoruba cinema, your talent, and the…

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Atiku sympathises with Lagos flood victims

The presidential candidate of the Nigeria Democratic Congress for the 2027 election, Atiku Abubakar, has sympathised with residents affected by flooding in Lagos State. In a statement posted on his X handle on Tuesday, Atiku expressed concern over the impact of the flooding on families, commuters, motorists and business owners. “I extend my heartfelt sympathy to the people of Lagos who have been affected by the ongoing flooding. My thoughts are with the families, motorists, commuters, business owners and everyone whose lives and livelihoods were disrupted by this unfortunate event,” he said. The former vice president said the incident underscored…

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42% of Businesses use Stablecoins for Cross-Border Payments

Business use of stablecoins is poised to surge in the next 12 months as adoption of the digital currency goes mainstream, according to a new report from payments infrastructure firm Cybrid. The report found 42% of businesses surveyed are already using stablecoins for cross-border payments and 88% of respondents said they are likely or very likely to use stablecoins within the next 12 months. Still, only 2% identified as committed users of traditional payment rails.Businesses using stablecoins reported average cross-border payment cost savings of 35%, with companies processing more than $100 million in monthly payment volume reporting average savings of up…

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