Author: Press Room

Zamfara State chapter of the Peoples Democratic Party (PDP) has reacted to the defection of Hon. Marahazu Faru, member representing Maradun Constituency in the State House of Assembly, to the All Progressives Congress (APC). In a statement issued by the PDP State publicity secretary, Haliru Andi, the party said it respects Faru’s personal choice and was not surprised. “History has shown that those who put personal interest above the collective will of the people often find themselves on the wrong side of history. The PDP remains the only party with a genuine commitment to the rescue and rebuilding of Zamfara…

The Community Integrity Heritage Support Initiative (CIHSI) has expressed its readiness to partner with the Oyo State Government to enhance community security, promote integrity in governance, and revive Yoruba cultural values. The National Coordinator of the organisation, Engr. (Dr.) Akinbolade Jones Adeniponye, stated this during a sensitisation rally held across strategic locations in Ibadan, including the Oyo State Secretariat Complex, Agodi, before concluding at the Palace of the Olubadan of Ibadanland. Governor Seyi Makinde received members of the group through his Executive Assistant on Security Matters, CP Sunday Odukoya (rtd), who commended CIHSI for complementing the government’s efforts in sustaining…

The Central Bank of Nigeria has firmly rejected claims that it directly provided $1.259 billion to petroleum industry players, explaining that the mentioned amount reflected market-based foreign currency dealings executed by participants in the Nigerian Foreign Exchange Market. Through a Tuesday statement issued by CBN communications officer Hakama Ali, the nation’s banking regulator described news coverage implying it directly supplied foreign currency to prominent oil distributors for purchasing imported refined petroleum and related goods as “misleading and factually incorrect.” The financial institution clarified that the amount referenced in its Q1 2025 Sectoral Utilisation of Foreign Exchange report represented the combined…

PI Coin jumped by about 15% in the last day and is now sitting near $0.26, All because of some fake hype. An article titled “Pi SWIFT Integration: Cross-Border Bank Activated” was pushed through OKX’s news feed, claiming Pi is now ISO 20022 compliant.It spread fast, and got everyone hyped, but it was just a community post and not actual news.Even though the story was false, it showed one thing: the PI chart reacts fast to any catalyst. And with mainnet onboarding another 3 million users, bringing the total to 24 million, the community momentum is still very real.Pi Coin…

The Federal Ministry of Steel Development has signed a $400 million Joint Strategic Cooperation Agreement with Stellar Steel Company Limited to boost local steel production and reduce Nigeria’s reliance on imported steel products. Stellar Steel Company Limited is a steel-manufacturing enterprise established to operate in Nigeria, with major investment backing from two Chinese conglomerates, Galaxy Group and RSIN Group, both headquartered in Fuzhou, Fujian Province, China. Under the agreement signed in Abuja on Tuesday, October 28, 2025, Stellar Steel will invest $400 million in the construction of a modern steel plant in Ewekoro, Ogun State. The project will be developed…

A member of the Zamfara Assembly, representing Maradun II Constituency, Maharazu Salisu, of the Peoples Democratic Party (PDP), has defected to the All Progressives Congress (APC). Salisu announced his defection at the APC state party office in Gusau on Tuesday. The lawmaker defected with all the PDP ward executives across the five wards of his constituency, along with more than 1,000 members. Salisu attributed his decision to leave the PDP to the lack of fairness and justice by the party’s leadership.“PDP’s injustice and lack of fairness among the leaders of the party are among the causes that forced me and…

Lara Adejoro   The National Emergency Management Agency, in collaboration with the International Organisation for Migration and other partners, has received 153 Nigerians repatriated from Chad. The returnees arrived at the Cargo Terminal of the Murtala Muhammed International Airport, Lagos, at about 12:15 p.m. on Monday, aboard an ASKY Airlines flight with registration number CAS-AC, NEMA announced in a post on its X handle on Tuesday. The agency said the returnees were brought back under the Assisted Voluntary Return programme, facilitated by the IOM in partnership with the Federal Government. According to NEMA, the group comprised 105 adults (63 males…

Maybe you can call them the music ladies in white, because Yemi Alade and Fave really understood the fashion brief for their new “Worry” acoustic video — show up, look stunning, and let the music do the talking. The setup looks like something straight out of a dreamy Pinterest board: white roses, hydrangeas, and soft petals framing the two of them like a little corner of heaven. Fave’s look is cosy-meets-chic with her blonde waves giving main-character energy. Yemi, of course, went all glam in a white gown and the kind of poise that makes you pause your scrolling. The…

Galatasaray forward Victor Osimhen is the greatest foreign footballer to have ever played in the Turkish Super Lig but his chances of winning the Ballon d’Or is next to nothing, Soccernet.ng reports.  The Nigerian striker has become a symbol of excellence in the Süper Lig, a league once graced by the likes of Austin Jay-Jay Okocha, Wesley Sneijder, and Didier Drogba. Yet, according to two former Turkish internationals, Volkan Demirel and Necati Ateş, Osimhen’s brilliance may never translate into football’s ultimate individual honour: the Ballon d’Or. Nigeria and Galatasaray striker Victor Osimhen. Photo Credit: Galatasaray Comms When Osimhen joined Galatasaray…

In SummaryEgypt dominates Africa’s FDI landscape, attracting over $46 billion in 2024, driven by massive Gulf-backed projects like the Ras El-Hekma development, positioning it as the continent’s leading destination for foreign equity in 2025.Ethiopia, Côte d’Ivoire, Mozambique, and Uganda follow as strong performers, fueled by industrialization, energy infrastructure, and manufacturing projects that highlight Africa’s diversification beyond extractives.Overall FDI trends in 2025 show Africa’s shift toward renewables, logistics, and industrial value chains, as investors increasingly reward nations with stable governance, improved business climates, and clear long-term development strategies.Deep Dive!!!Sunday, 26 October 2025 – Foreign Direct Equity Inflows (FDEI) across Africa have…