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Rhoda Onuzulike

Business

Equity Market Sees Largest 2025 Decline As NGX Loses N1.06trn

The Nigerian Exchange Limited (NGX) recorded a significant decline Tuesday as market capitalization dropped by ₦1.06 trillion, driven by selloffs in 41 stocks. The...

Rhoda Onuzulike -

Business

TCN Requires N2.8trn to Execute 149 Projects— Power Minister

The Minister of Power, Adebayo Adelabu has disclosed that the Transmission Company of Nigeria, TCN, needs about N2.8 trillion to execute 149 projects to...

Rhoda Onuzulike -

Business

CBN Fines 9 Banks N1.35bn Over ATMs Cash Scarcity

The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totaling N1.35bn for failing to ensure cash availability via Automated Teller...

Rhoda Onuzulike -

Business

Inflation hits 34.80% in December

Nigeria’s Headline inflation rate climbed to 34.80% in December 2024, according to a report by the National Bureau of Statistics (NBS) on Wednesday. The headline...

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EFCC Arrests Lagos Socialite E-Money for Alleged Naira Abuse

The Economic and Financial Crimes Commission (EFCC) has taken into custody well-known Lagos socialite, Emeka Okonkwo Daniel, popularly known as E-Money, over allegations of Naira abuse. According to reports, the arrest occurred on Monday night at his residence located in the Omole area of Lagos. Sources within the EFCC...

Nigeria Police Resume Tinted Glass Permit Issuance Nationwide

The Nigeria Police Force has officially resumed the issuance of tinted glass permits nationwide, following a directive from the Inspector-General of Police, Kayode Egbetokun. The announcement was made in a statement issued on Wednesday by the Force Public Relations Officer, Olumuyiwa Adejobi. This renewed initiative is a direct...

UCL Semi-Final First Leg: PSG Edge Arsenal 1-0 at the Emirates

Paris Saint-Germain secured a narrow but crucial 1-0 victory over Arsenal in the first leg of their UEFA Champions League semi-final on Tuesday night, thanks to an early goal from Ousmane Dembele. Early Advantage for PSG PSG struck just four minutes into the match at the Emirates Stadium. Ousmane...