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Rhoda Onuzulike

NNPCL Posts N3.3trn Net Profit, N2.1trn Dividend For 2023

The Nigerian National Petroleum Company (NNPC) Limited has declared a net profit of N3.297 trillion at the close of the financial year which ended...

Fed. Gov’t to Begin Sale of Crude Oil In October  

Minister of finance and coordinating minister of the Nigerian economy, Wale Edun, has said the federal government would commence sale of crude oil to...

Nigeria’s Inflation Rate Falls, First Time in 19 Months

Nigeria’s headline inflation rate decreased to 33.40% in July 2024, down from 34.19% in June 2024. This marks the first decline in the headline inflation...

Oil Prices Steady as Middle East Conflict Concerns Ease

Oil prices were broadly steady on Wednesday, as concerns that conflict may spread in the Middle East and threaten production in one of the...

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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,...