Author: News Room

The Nigeria Deposit Insurance Corporation has recovered an additional N24.3bn from the assets of the defunct Heritage Bank Limited to facilitate the repayment of depositors with balances exceeding N5m at the time the bank’s licence was revoked. This was disclosed in a statement signed by the Head, Communication and Public Affairs Department of the NDIC, Hawwau Gambo, on Sunday. PUNCH Online reports that the Central Bank of Nigeria revoked the operating licence of Heritage Bank on June 3, 2024, and appointed the NDIC as liquidator in line with Section 12(2) of the Banks and Other Financial Institutions Act 2020 and…

This week, Google announced a new AI Inbox view for Gmail that replaces the traditional list of emails with an AI-generated list of to-dos and topics to track based on what’s in your inbox. It’s not widely available yet, but I have access, and in the few hours I’ve spent messing around with it, I can see how AI Inbox could be a helpful or even transformational way to manage your inbox. But right now, it’s not going to change the way I manage my email, and I’m not sure it ever will.Before I dig in, I should note a…

Bitcoin (BTC) faces a “do-or-die” price point if 2026 becomes a classic bear market year.Key points:Bitcoin four-year price cycles and bear markets remain relevant, the latest power law analysis says.2026 may see a BTC price support showdown with $65,000 as the key level.History demands price “catching up” to power-law targets.Bitcoin bear markets to stay aroundNew analysis by Jurrien Timmer, director of global macro at Fidelity Investments, flags $65,000 as the next key BTC price battleground.After hugging its power law trendline for much of the current bull market, BTC/USD could now be due for a retest of a lower support line…

Famed Grateful Dead founder Bob Weir has died. He was 78. “It is with profound sadness that we share the passing of Bobby Weir. He transitioned peacefully, surrounded by loved ones, after courageously beating cancer as only Bobby could,” a statement shared via Instagram on Saturday, January 10, read. “Unfortunately, he succumbed to underlying lung issues.” The statement, signed by Weir’s daughter, Chloe Weir, continued. “For over sixty years, Bobby took to the road. A guitarist, vocalist, storyteller, and founding member of the Grateful Dead. Bobby will forever be a guiding force whose unique artistry reshaped American music. His work…

The Federal University, Kashere, Gombe State, has admitted its pioneer set of medical students as part of the 3,368 students admitted into the university for the 2025/2026 academic session. The university vice-chancellor, Umaru Pate, a professor, disclosed this during the university’s matriculation for the 14th set of admitted students on Thursday. Mr Pate explained that the university admitted 45 medical students for Bachelor’s degrees in Medicine and Surgery (MBBS), as well as in Anatomy, Physiology, and Pharmacology. The vice-chancellor also announced that the university has received approval to offer degrees in Dental Surgery, Nursing and Occupational Therapy from the National…

The Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Sunday reacted to calls for his sack. Wike said President Bola Tinubu, who appointed him, has the right to sack him if he has nothing else to offer. He spoke during his thank you visit to Obiora/Akpor area of Rivers State. The minister noted that the people of Rivers State should be proud of his work in the FCT. He said: “Don’t bother about people who say sack me because it doesn’t lie in their mouth, if my appointor believes that I can’t offer anything again he has the…

Minister of the Federal Capital Territory, FCT, Nyesom Wike, has urged his critics to allow him pursue the political career, insisting that politics remains his primary calling. Wike made the remarks during a “thank you” visit to Obio/Akpor Local Government Area, which marked the grand finale of his tour of the various local government areas in the state. Obio/Akpor is Wike’s home local government. He said he deliberately chose politics over any other profession, stressing, “I am a politician. Choose whatever you want to do in life.” The former Rivers State governor advised individuals to clearly define the path they…

The Kogi State Police Command has confirmed that scores of terrorists have been killed in the ongoing onslaught against trouble makers by the joint police and military. CSP William Ovye Aya, the Police Public Relations Officer, PPRO of the Kogi State Police Command confirmed this in a statement made available to DAILY POST on Sunday. He said the assailants’ network were dislodged across forest in the state. According to the PPRO, the operation, which is being carried out with vigor, commitment, and “utmost professionalism, and supported by the Nigeria Police Force Airwing components through precision air strikes, led to these…

Celebrity fashion designer, Toyin Lawani, has called out a Lagos based hospital, Euracare, over alleged complications following a surgery at the facility. The founder of Tiannah Empire called out the hospital on Sunday in a series of posts on her Instagram page. Narrating her experience, Lawani stated that she visited the private clinic for “spine surgery” but lost the use of her legs and had lung infection after spending almost N100 million at the hospital. While threatening to sue the hospital when she’s strong, she wrote “Euracare Hospital your cup is finally full, shebi I told you people I don’t…

Victor Boniface has started rehabilitation after undergoing a successful knee surgery, DAILY POST reports. Boniface went under the knife in Innsbruck, Austria, on Saturday. The Nigeria international has already been ruled out for the remainder of the season. The 25-year-old shared a video on the social media showing him working with a physiotherapist. Boniface is on loan at Werder Bremen from Bayer Leverkusen. He registered two assists in 11 league appearances for Bremen before his injury.