Author: Ogochukwu Ndubuisi

The Central Bank of Nigeria (CBN) is scheduled to hold its first Treasury bills auction for September on Wednesday, with N700 billion on offer.

Erin Piacenti, Bank of America VP, Killed in Times Square Attack A Bank of America vice president has been identified as the woman fatally stabbed in a random attack in Times Square on Monday afternoon. The victim, Erin Piacenti, 32, from Chester, New Jersey, was Vice President of Business Selection and Conflicts in Bank of America’s global corporate and investment banking division, according to her LinkedIn profile and reports first published by Bloomberg. She died from abdominal stab wounds sustained in the attack. The incident occurred around 4:20 p.m. near Seventh Avenue and West 42nd Street, one of New York’s…

Former British PM Starmer Steps Down as MP Former British Prime Minister Keir Starmer on Tuesday announced his decision to step down as Member of Parliament (MP) for Holborn and St Pancras. Starmer, in a statement, said: “Now is the right time to step down as MP for Holborn and St Pancras and hand the baton over to a successor.” He said he would now focus on “international affairs including defence, security, trade and technology in a fast-changing world.” Starmer’s resignation will trigger a by-election in the London constituency. He said that whoever emerged as the Labour Party’s candidate for…

Qatar Says Diplomatic Efforts Intensify to End Strait of Hormuz Crisis Qatar on Tuesday said diplomatic efforts by it and its regional partners were intensifying to secure a swift resolution to the crisis in the Strait of Hormuz. The country warned that failure to resolve the situation could result in further escalation. Foreign Ministry spokesperson Majed Al Ansari said consultations were continuing with Qatar’s mediation partners, including Oman and Pakistan, following a series of diplomatic visits and discussions in recent days. He said there were no “tangible result” to announce yet, adding that outcomes of the ongoing discussions and visits…

GCR Ratings has revised the national scale long- and short-term issuer ratings of Geregu

The Nigerian naira opens the new month strong, driven by robust foreign-currency

Tinubu Welcomes 4.43% GDP Growth President Bola Tinubu has welcomed Nigeria’s 4.43 per cent economic growth in the second quarter of 2026, saying reforms are delivering results. The National Bureau of Statistics (NBS) reported on Monday that GDP grew by 4.43 per cent, compared with 4.23 per cent recorded in Q2 2025. The latest performance reflected growth across agriculture, manufacturing, oil and gas, and services, which remained the largest contributor to aggregate GDP. This is contained in a statement issued by the President’s spokesperson, Mr Bayo Onanuga, on Monday in Abuja. In nominal terms, Nigeria’s aggregate GDP rose to N119.27…

Iran Seeks no War But ‘ll Respond to Aggressors – President Iranian President Masoud Pezeshkian said on Monday that Iran would not seek war but would respond with strength and decisiveness to any aggression. “We do not seek war, and this is a clear message that we have so far conveyed to the world. “However, we will never sit still in the face of aggression and will give a decisive response to aggressors,” he said in a statement issued by his office. Pezeshkian added that instability and unrest in the region were not in the interest of any country, saying…

EFCC Now Freezing Suspicious Funds in 72 Hours, Targets Crypto Wallets The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, says the commission is shifting focus from waiting for crimes to occur to preventing them through early detection and asset freezing. Olukoyede disclosed this on Monday in Abuja at a media interactive session marking his third year in office. He said the EFCC had established the Fraud Risk Assessment and Control Department (FRAC) to monitor suspicious financial movements and act within 72 hours. “Why must we be waiting for money to be stolen? When we see…

NSIA Insurance Shifts Focus to Non-Life Business, Pays N18bn Claims NSIA Insurance Ltd. says it will operate exclusively as a non-life insurance company following the transfer of its life insurance portfolio to CHI Life Assurance Ltd. The company disclosed this at a press conference in Lagos on Monday, after its 2026 Annual General Meeting (AGM). Its Chairman, Dr Adesegun Akin-Olugbade, said the proposed transfer had received approval in principle from the National Insurance Commission (NAICOM). He said the transaction would be concluded after the completion of the remaining legal and regulatory processes. Akin-Olugbade said the decision to focus solely on…