Author: News Room

The NGX Pension Broad Index, which tracks pension-compliant equities on the Nigerian Exchange, recorded a return of 59.72 per cent in 2025, outperforming the broader market as measured by the NGX All-Share Index. Data from the Exchange showed that the Pension Broad Index closed the year at 2,917.84 points, rising from 1,826.89 points at the end of 2024. In comparison, the All-Share Index gained 51.19 per cent over the same period, highlighting the stronger performance of equities eligible for pension fund investment. The Pension Broad Index comprises stocks that meet the investment eligibility criteria set by the National Pension Commission,…

Moses Itauma’s fight against American Jermaine Franklin has been rescheduled for March after the British heavyweight picked up an injury while training. The fight, which was due to take place on 24 January at Manchester’s Co-Op Live Arena, will now take place at the same venue on 28 March. Itauma further strengthened his credentials as one of the top contenders in the division when beating Dillian Whyte by knockout in August. The 21-year-old is unbeaten in 13 fights while 32-year-old Franklin has 24 wins and two losses on his record. “Unfortunately Moses Itauma has sustained an injury in camp and…

Around 10 percent of Meta’s Reality Labs division, which develops its XR products and services, will be laid off beginning on Tuesday, as reported by Bloomberg.Meta spokesperson Tracy Clayton confirmed the layoffs in a statement to The Verge: “We said last month that we were shifting some of our investment from Metaverse toward Wearables. This is part of that effort, and we plan to reinvest the savings to support the growth of wearables this year.”Meta’s Ray-Ban smart glasses have stolen the spotlight from its VR headsets in recent years, especially with last year’s launch of the Meta Ray-Ban Display. As…

Bitcoin’s price could be heading for the psychological $100,000 level after breaking above $95,000 on Tuesday, with analysts attributing the recent rally to a surge in spot buying. “Seems like this rally on Bitcoin is led by spot buying,” crypto analyst Will Clemente said in an X post on Tuesday. Over the past 24 hours, Bitcoin (BTC) has rallied 4.65%, trading at $95,190 at the time of publication, according to CoinMarketCap. Traders shorting the asset were caught offside, with $269.21 million in Bitcoin short positions liquidated, according to CoinGlass data. Source: Will ClementeIt is a bullish sign for Bitcoin (BTC) holders as…

Spanish singer Julio Iglesias has reportedly been accused of sexual assault by two women who once worked for him. Spanish newspaper elDiario and Univision Noticias reported on Tuesday, January 13, that two women came forward claiming they were sexually assaulted by Iglesias, 82, while working for the singer at two of his homes in the Caribbean. One woman was a domestic worker, while the other was a physical therapist. The domestic worker, who is referred to under the pseudonym Rebecca, claimed that she was pressured into having sex with Iglesias and allegedly endured acts of slapping, physical and verbal abuse.…

President Bola Tinubu announced on Tuesday that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, an initiative aimed at attracting global investors and accelerating sustainable investment inflows. He made this announcement at the 2026 Abu Dhabi Sustainability Week (ADSW), on the sidelines of which Nigeria also concluded a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen trade and cooperation in renewable energy, infrastructure, logistics, and digital trade. Present at the signing of the agreement were President Tinubu, President of the United Arab Emirates, Mohamed Al Nahyan, Nigeria’s Minister of Industry, Trade, and…

As Nigeria transitions into full election mode for the 2027 general elections, the political temperature is heating up at a scale that puts the country’s democracy under intense pressure. Democratic institutions are struggling to respond to pressures emanating from the actions of political actors. The political landscape has been marked by heightened elite bargaining, strategic political realignments, and premature campaigns. These developments reflect a troubling pathology of Nigeria’s electoral politics, which relegates governance for the advancement of electoral ambition. Consistent with historical precedent in previous election seasons, political actors are spending less time on governance and paying more attention to…

The Nigeria Police Force has advised Nigerians not to struggle or fight back if they find themselves in an unfortunate situation involving criminals. Force Spokesman Benjamin Hundeyin gave this advice on Tuesday while fielding questions in an interview on Politics Today, a programme on Channels Television. He also said that the police have had cases involving the One-Chance syndicate in Abuja, adding that the Force does not neglect one part of the country for another. According to him, even while operations are ongoing in some parts of the country, other areas are also being adequately policed. Hundeyin said, “In the…

The All Progressives Congress (APC) in Ogun State has commenced a statewide electronic registration and re-registration of members to expand its membership and strengthen the party ahead of future political activities. The exercise was launched on Tuesday by Governor Dapo Abiodun, who said it would help the party build a stronger and more united structure across the state.He described the APC as the largest and most successful political party in Africa and urged members to take the exercise seriously. Speaking through his deputy, Mrs Noimot Salako-Oyedele, the governor said the e-registration would allow new members to join the party easily…

A police officer and three other people were kidnapped by suspected bandits on the Gusau–Sokoto highway in Maradun Local Government Area of Zamfara State. The attack reportedly occurred on Friday at about 1:10 pm near Gidan Kano village, where armed men reportedly blocked the road and forcibly abducted four individuals. One of the victims was identified as PC Gaddafi Faruku. The identities of the other three abducted persons have not been disclosed. According to sources who spoke to Zagazola Makama, the abductors took the victims to an undisclosed location. Security agencies are said to be working to track down the…