Richard Adeolu Adejumobi

Naira Holds Steady at Q2 Open on Strong Reserves, Tight Policy

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Abuja — The Nigerian naira has started the second quarter of 2026 on a stable note, trading within a controlled range against the U.S. dollar as macroeconomic buffers strengthen. External reserves, according to the Central Bank of Nigeria (CBN), remain robust at about $49.40 billion, providing sufficient cover for foreign exchange interventions and market stability.The […]

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Police Dismiss Security Threat Reports in Abuja

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Abuja — The Federal Capital Territory Police Command has debunked reports of a security threat in the Federal Capital Territory, describing the claims as false and misleading. Authorities said there is no verified intelligence suggesting any imminent danger in Abuja, urging residents to remain calm and go about their normal activities. The command warned against

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IPAC Warns INEC Over ADC Crisis, Flags Risks to 2027 Elections

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Abuja — The Inter-Party Advisory Council (IPAC) has faulted the Independent National Electoral Commission (INEC) over its handling of the crisis within the African Democratic Congress (ADC), warning that missteps could undermine Nigeria’s electoral stability. IPAC cautioned against what it described as premature decisions, stressing that improper handling of internal party disputes could weaken confidence

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Report Links Herbert Wigwe to 106 London Properties, Ranks Among Top Overseas Owners

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London/Abuja — A new investigative report has linked late Nigerian banking executive to the ownership of 106 properties in London, placing him among the most significant overseas real estate holders in the UK capital. The findings, published by , form part of a broader investigation titled “Revealed: The billionaires who really own London,” which maps

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U.S. Airports Face Severe Disruptions as TSA Staffing Crisis Deepens

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Air travel across the United States has been thrown into disarray following a mass staffing shortfall within the , with 3,120 officers reportedly absent from duty on Wednesday, triggering unprecedented delays at major airports nationwide. Passengers encountered security lines stretching up to four and a half hours, as checkpoint capacity struggled to cope with surging

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Democrat Flips Trump’s Home District in Narrow Upset

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In a closely contested race, Democrat has secured a narrow victory in the district encompassing Mar-a-Lago, defeating her Republican opponent by just 797 votes in a result that signals shifting political dynamics in a traditionally conservative stronghold. The district, closely associated with former U.S. President , has long been viewed as a Republican bastion. Gregory’s

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OpenAI Shutters Sora Video App Amid Mounting Losses and Strategic Reset

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has discontinued its Sora video-generation application following escalating operational costs and weak commercial performance, marking a significant recalibration of its consumer-facing AI strategy. Internal figures indicate that Sora was costing an estimated $15 million per day to operate, driven largely by the intensive compute requirements associated with high-fidelity video generation. In contrast, the product reportedly

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Meta Hit with $381 Million in Damages in Two-State Legal Setback

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Los Angeles & New Mexico — Meta, the Silicon Valley tech giant, has suffered significant legal defeats in separate court rulings across two U.S. states. A Los Angeles jury awarded $6 million, while a New Mexico court imposed a $375 million damages order, bringing the total to $381 million. These consecutive verdicts, handed down within

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Hormuz Crisis Ripples Through Global Economy as Airfares Rise, Supply Chains Tighten

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Dubai — The escalating disruption around the is beginning to hit global markets, with early signs of impact on aviation, agriculture, and regional security. Air travel costs are already rising, with the CEO of warning that airfares have increased by about 20 per cent, driven by higher fuel costs and rerouted flight paths to avoid

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NCDMB SPONSORS TECHNICAL TRAINING TO BOOST PROJECT MANAGEMENT CAPACITY

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Port Harcourt — The Nigerian Content Development and Monitoring Board has sponsored specialized training in Oracle Primavera P6 for 50 participants in Rivers State, aimed at enhancing project management capabilities in the oil and gas sector. The programme focuses on equipping professionals with advanced planning and scheduling skills critical to large-scale industrial projects.Officials say the

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