Author: News Room

The Central Bank of Nigeria has cautioned that the ongoing banking sector recapitalisation could increase concentration risk in Nigeria’s capital market, potentially crowding out non-bank issuers, despite the current bullish momentum in equities. The warning is contained in the Macroeconomic Outlook for Nigeria, 2026: Consolidating Macroeconomic Stability Amid Global Uncertainty, where the apex bank highlighted emerging vulnerabilities across the financial system. According to the CBN, the recapitalisation exercise, while critical to strengthening banks’ balance sheets and enhancing resilience, may skew investor attention disproportionately towards the banking sector. “Despite the bullish momentum, the capital market could face higher concentration risk from…

Following the sudden demise of his deputy, Lawrence Ewhrudjakpo, Bayelsa State Governor, Douye Diri, has ordered all his cabinet members to undergo compulsory medical examination. Diri, who gave the directive during a cabinet meeting on Wednesday in Yenagoa, directed the Commissioner for Health, Seiyefa Brisibe, to ensure that every member of the state executive council underwent the compulsory medical check. He said the directive became imperative in light of the recent death of his deputy, arguing that as public officers with hectic schedules, regular health checks are necessary to ensure medical fitness at all times to prevent avoidable death. The…

Independent filmmaker, Offie Darlington, popularly known as Mr Darlington, has been named the “Next Rated Filmmaker” at the 2025 edition of the African Smartphone International Film Festival. Darlington won the award through his project titled I’m Awele’s Daughter, sponsored by ENIFF Nigeria and MYIFF Kenya, with support from the British Council. Reacting to the award, Darlington described the recognition as a validation of the work being done by his team. “Winning the ‘Next Rated Filmmaker’ title on a project supported by the British Council and ENIFF was a profound honour. It validates the work we do in telling authentic African…

Dell has revealed that consumers aren’t buying PCs for AI features right now. In an interview with PC Gamer ahead of CES, Dell has made it clear its 2026 products aren’t all about being AI-first, and it’s moving beyond being “all about” AI PCs.“We’re very focused on delivering upon the AI capabilities of a device—in fact everything that we’re announcing has an NPU in it — but what we’ve learned over the course of this year, especially from a consumer perspective, is they’re not buying based on AI,” admits Kevin Terwilliger, Dell’s head of product, in the PC Gamer interview.…

Key takeawaysThe December 2025 Trust Wallet hack shows that vulnerabilities in crypto tools can affect crypto-friendly SMEs, even when attacks target individual users rather than businesses.Supply-chain risks, such as compromised browser extensions or stolen API keys, can bypass traditional security defenses and lead to rapid financial losses in a very short time.The incident also revealed how weak or unprepared verification processes can overwhelm compensation efforts, increasing operational strain and delaying legitimate reimbursements.Heavy reliance on hot wallets remains a significant risk factor for SMEs, as convenience often comes at the cost of greater exposure to malware, malicious updates and private-key theft.The…

Former Saturday Night Live cast member Chris Redd claimed in a new video that he sold pills to his castmates. Redd, 40 appeared as a cast member for five seasons from 2017, making his debut alongside Heidi Gardner in season 43, before bowing out of the show ahead of season 48 in 2022. In an Instagram video posted on Tuesday, January 6, the comedian explained that he is going to be “leading with a lot more vulnerability and openness” in his work and life going forward, prompting him to confess his side hustle while on SNL. “While I was at…

Osasu Igbinedion, convener of the National Advocacy Coalition on the Reserved Seats for Women Bill, has been named among Africa’s 100 Most Impactful People in 2025 by Ranks Africa, in recognition of her sustained efforts to advance inclusive governance and strengthen democratic participation across the continent. The honour, disclosed in a statement issued by the media office of the TOS Foundation on Wednesday, reflects growing continental attention to initiatives that promote representative governance, citizen participation, and long-term institutional development. Mrs Igbinedion is the Founder of TOS Foundation Africa, a pan-African non-profit organisation focused on advancing inclusive governance, gender equity, and…

Lagos State has been named Africa’s most start-up-friendly city in a new global ranking by Multipolitan, underscoring the city’s growing influence as the continent’s leading hub for venture-backed innovation. The ranking was released in Multipolitan’s Startup Friendly Cities Index 2026, which assesses how attractive major cities around the world are to founders, investors and innovators seeking environments that support the growth of high-impact start-ups. The Singapore-headquartered international mobility platform states that the index evaluates cities using a two-stage methodology, examining national conditions such as venture capital activity, deal inclusiveness, and the presence of unicorn companies, before comparing cities across key…

Anthony Joshua was involved in a car crash on the Lagos–Ibadan Expressway(Credit: X / THE FEDERAL ROAD SAFETY CORPS) Misuse of road spaces sticks out in all but there is also a peculiar angle, especially in AJ’s case. Reinforcing an earlier claim by a Facebook user, a renowned broadcaster, Anike-Ade Funke Treasure, who claims to live in Nigeria by choice, cautions against heaping all the blames on the bad road conditions. Ironically, according to her, the good condition of some roads tempt into tragedies. “Over-speeding kills. I ply that road often, it’s a recently reconstructed road. Such a ghastly accident…

Controversial singer Habeeb Okikiola, known as Portable, has accused his father of parental neglect, financial exploitation, and family manipulation, while also issuing spiritual threats against him. This is coming days after renewed issues resulting in physical fights between the singer and one of the mothers of his children in a recent viral video. Meanwhile, in an Instagram live video on Tuesday, the Zeh Nation boss expressed his frustration over his father’s exploitation, saying his father often ignores him during marital crises and police issues. Portable also faulted his father’s involvement in his marital issues, noting that his father contacted his…