Most Recent Articles by

Rhoda Onuzulike

NGX Opens Positive With N79bn Profit

Opening the week’s trading, the Nigerian Exchange Ltd.(NGX)market capitalisation advanced by N79 billion or 0.14 per cent to close at N56.536 trillion, from an...

Fx Crisis: PZ Cussons Nigeria Begin Plans to Sell

Multinational consumer goods company, PZ Cussons, says it has commenced plans to sell its African subsidiaries to any interested buyer. The parent company of PZ...

Nigeria’s Second Quarter Nominal GDP Hits N60.93tn

The Federal Government has announced that Nigeria’s nominal Gross Domestic Product reached N60.93tn in the second quarter of 2024, reflecting a significant improvements in...

Rail Transport Generated N1.69bn in Q2– NBS

The Nigerian rail system generated N1.69bn in revenue from passengers in the second quarter of 2024, reflecting a 53.14 per cent increase compared to...

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Russia-Ukraine Peace Talks in Geneva End Without Breakthrough

Negotiations involving Russia, Ukraine and the United States aimed at ending Moscow’s war in Ukraine have concluded in Geneva without a major breakthrough. The trilateral talks stretched late into Tuesday evening and resumed briefly on Wednesday, lasting around two hours. Despite earlier optimism from U.S. envoy Steve Witkoff,...

Sterling Bank And AltBank Complete Recapitalisation Ahead Of CBN Deadline

Sterling Financial Holdings Company Plc (Sterling HoldCo) has confirmed the successful completion of the recapitalisation of its two principal banking subsidiaries, Sterling Bank and The Alternative Bank (AltBank), in line with the Central Bank of Nigeria’s revised minimum capital requirements. The development was affirmed after the group secured...

Peru Congress Impeaches Interim President Jose Jeri

Peru’s Congress has voted to impeach interim president Jose Jeri, marking yet another leadership shake-up in a country that has now had seven heads of state in less than a decade. Jeri, 39, was removed from office on Tuesday over allegations of irregular government appointments involving several women,...