Author: News Room

Bitcoin (BTC) needs fresh spot demand to absorb the rising BTC supply across exchanges and exchange-traded funds. Recent exchange inflows and ETF outflows created nearly 34,000 BTC in local selling pressure, while derivatives data showed the latest recovery was driven mostly by short covering. Bitcoin researcher Axel Adler Jr. said BTC exchange and exchange-traded fund (ETF) activity continue to show a local supply imbalance despite the latest recovery. The weekly exchange netflows climbed by roughly 18,000 BTC, indicating more coins were added to exchanges than were withdrawn. Higher BTC inflows increase the near-term selling supply.Bitcoin weekly exchange netflows. Source: CryptoQuantThe spot…

Summer is officially here, which means there’s more time to read. Whether you prefer checking out these must-read books at the beach or by the pool, tons of authors are making their highly anticipated return with new novels just in time for peak relaxation. Former Bachelorette star Hannah Brown, for one, is continuing her summer release schedule with Reasons to be Loved By You, her third novel. This one follows the story of Nikki Bennet and appears to pull a major story line from her own life — but more on that in a second. Keep scrolling for a list…

Thousands of travellers and motorists have been stranded in a massive traffic gridlock along the Abuja-Kaduna Highway, resulting from the Eid-el-Kabir travel rush. The gridlock, which affected several sections of the busy highway, particularly the Nasarawa–Azara axis between Katari and Jere, forced many commuters to sleep in their vehicles as traffic slowed to a near standstill. The Federal Road Safety Corps (FRSC) in a statement on Sunday advised motorists travelling between Abuja and Kaduna to use the Kaduna–Kachia–Maraban Kubacha–Jere–Bwari alternative route to ease congestion on the expressway. Abuja-Kaduna highway gridlock “The Corps also urges all road users to maintain lane…

The Nigerian Air Force, NAF, says it killed several terrorists and disrupted a planned attack in Niger State during a series of intelligence-led operations. The NAF spokesperso, Air Commodore Ehimen Ejodame, disclosed this in a statement on Monday in Abuja. Ejodame said the strikes were carried out by the Air Component of Operation Fansan Yamma Sector 1 between May 20 and May 23, across Rafi and Mariga Local Government Areas. “On May 20, following credible intelligence on the movement and convergence of terrorists around Tungan Bako and Kasuwan Daji in Rafi LGA, the Air Component, in conjunction with the Nigerian…

Results from the ongoing African Democratic Congress, ADC, presidential primary election has started trickling in. Former Vice President Atiku Abubakar floored his fellow contestants, Rotimi Amaechi and Mohammed Hayatu-Deen in Bolewa and Potiskum in Yobe State. According to results announced by the returning officer, Atiku polled 740 votes as against Amaechi with 15 votes and Hayatu-Deen who got 2 votes. Amaechi, who used to be the Minister of Transportation, voted at his Ubima Ward in the Ikwerre Local Government Area of Rivers State. The ADC’s presidential primary election took place in 8,809 wards across Nigeria. Atiku, who cast his vote…

Remo Stars have expressed disappointment with their relegation from the Nigeria Premier Football League, NPFL. The Sky Blue Stars finished  in 17th position in the NPFL table with 47 points. The club admitted it failed to deliver the performance and consistency needed to stay up. Remo Stars insisted that important decisions will be made to return the club to the top-flight. “Following the conclusion of the 2025-26 NPFL season, Remo Stars will now compete in the Nigeria National League, NNL, next season,” Remo Stars wrote in a statement on Monday. “The outcome of the season is very disappointing for everybody…

The price of Liquefied Petroleum Gas (cooking gas) is inching closer to N2,000 per kilogramme in different locations as Muslims prepare for the 2026 Eid-el-Kabir celebrations. The Federal Government has declared Wednesday, May 27, and Thursday, May 28, 2026, as public holidays to mark the Sallah festivities. A survey by our correspondent showed that cooking gas prices rose from below N1,000/kg recently to about N1,500 and N1,800 in different parts of the country. Consumers in the South West told our correspondent that they now buy LPG at about N2,000 in Ogun border communities and between N1,600 and N1,700 in Lagos,…

The Ogun I Area Command of the Nigeria Customs Service, Idiroko, has intercepted a luxury passenger bus loaded with military camouflage uniforms, cannabis sativa, and other prohibited items allegedly smuggled into the country. The contraband items were intercepted around 1:30am on Sunday along the Sagamu–Ore–Benin Expressway while being transported to the eastern part of the country. Speaking during a press briefing on Monday in Idiroko, the acting area controller of the command, Oladapo Afeni, said the luxury bus, which had no registration plate, was intercepted through intelligence-driven surveillance after allegedly evading several security checkpoints from Lagos State to Ogun State.…

When the All Progressives Congress was launched in 2013, it was presented as a coalition of opposition parties which said Nigeria deserved better leadership. The Action Congress of Nigeria, Congress for Progressive Change, All Nigeria Peoples Party, and a section of the All Progressives Grand Alliance came together with a common message: the Peoples Democratic Party had ruled for too long and had damaged the country through corruption, weak leadership, poor elections, and failure to tackle insecurity. Many Nigerians believed them. Even those who didn’t support them wished they would be better than the PDP. At the centre of that…

The Nigeria Boxing Federation has set its sights on six gold medals at the 2026 Commonwealth Games in Glasgow as the body looks to recover from the administrative turmoil that undermined its preparations for the Paris 2024 Olympics. NBF Vice President Omonlei Imadu told our correspondent, “Our target is 10 medals, six gold, while others can come in silver and bronze colours. We are truly determined to make this a reality in Glasgow. “We have moved focus now to the camping phase. Our aim is to ensure that the boxers are in perfect shape during and after the camping.” Diaspora…