Author: Olu Anisere

Nigerian Missions in U.S. Hold Townhall, Tackle Diaspora Concerns Nigerian missions in the U.S. on Sunday held a virtual townhall meeting with Nigerians across the U.S. to tackle diaspora concerns and correct online mischief. The three missions are the Embassy of Nigeria in Washington D.C., the Consulate General of Nigeria in New York and the Consulate General of Nigeria in Atlanta From 7pm until 11:15pm, as against the initial 9pm (New York time), hundreds of Nigerians tuned in, speaking directly to their diplomats. The participants raised pressing issues and received candid answers on matters ranging from passports and visas to…

Zenith Bank Reached N3.065trn Ahead of Earnings, Dividends The market value of Zenith Bank Plc closed at N3.065 trillion on Friday due to price fluctuation as the financial services company bucked the rally in the local bourse. The banking stock matched up its price movement energy with the monster rally in the local bourse. The financial institution maintains its position as the second largest by stock market valuation and as one of the major market movers driving the banking index on the Nigerian Exchange trading platform. The bank share price traded at N74.65 at the Nigerian Exchange (NGX) platform as…

AIICO Insurance Hits 52-Week High, Share Price Rises by 60% AIICO Insurance Plc has reached a new 52-week high in the equity market, supported by an all-week rally that lifted its market value by about 60%. The strong uptick was fuelled by investors’ positive sentiment about anticipated recapitalisation following a slide in its earnings performance. According to data obtained from the Nigerian Exchange (NGX), AIICO Insurance share price surged to N3.50 on Friday when 178.524 million units valued at N618.066 million were traded in the local bourse. Investors increased bets on local insurance company following the signing of new insurance…

Truecaller Crosses 100m Monthly Active Users in Middle East, Africa Truecaller has crossed 100 million monthly active users in the Middle East and Africa, according to an official statement released by the company. The leading global platform for verifying contacts and blocking unwanted communications reached a significant milestone in August on both Android and iOS. The platform highlighted that the number of monthly active users crossed 100 million in the MEA region, representing a 19% year-on-year growth. “With the Middle East and Africa experiencing significant growth in smartphone adoption and mobile data adoption, we’re really happy that we’re able to…

Govt Reveals 99% of Enugu’s Informal Sector Doesn’t Pay Taxes The Chairman, Enugu State Internal Revenue Service (ESIRS), Mr Emmanuel Nnamani, says that 99 per cent of the informal sector in the state does not remit taxes to government coffers. Nnamani disclosed this during a Media briefing on Thursday in Enugu while reacting to reports on the social media that the state government imposed taxes outside the law. He denounced the allegation of imposition of arbitrary levies, stating that taxes and revenues in Enugu State remained within the limits of the law. He described circulating report on social media regarding…

NIHSA Issues Flood Alert for 32 States, 832 Communities The Nigeria Hydrological Services Agency (NIHSA) has issued a fresh flood alert for 198 LGAs across 32 states and the FCT. The agency warned of high to very high flood risks between Aug. 7 and Aug. 21. The alert, with reference No: 32-25-003-06, was issued by NIHSA Director General, Mr Umar Ibrahim on Thursday, following rising river levels and persistent rainfall across the country. NIHSA warned that over 100 communities and major transportation routes may experience severe disruptions during the forecast period. The affected states include; Adamawa, Akwa Ibom, Anambra, Bauchi,…

Diesel Blockage: Telecoms Operators Alert Nigerians to Network Disruption Nigeria’s telecoms operators have expressed concern and warned that blocking the supply of diesel to network sites could soon cause major service problems across the country. Mr Gbenga Adebayo, the Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), made this known in a statement on Thursday in Lagos. Adebayo noted that workers from two major oil unions, the Nigerian Union of Petroleum and Natural Gas Workers and the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have stopped diesel trucks from loading fuel at depots in Kaduna,…

Ghana Sees Rapid Fall in Selling Prices as Cedi Rally – PMI Companies in Ghana’s private sector lowered their selling prices at a sharp and accelerated pace in July as costs for purchases decreased at the fastest pace on record following a recent appreciation of the cedi, details from July purchasing manager index (PMI) released by S&P Global revealed. According to the index, falling prices helped to support strong confidence in the outlook for business activity, but signs of a softening in current demand meant that July saw output decrease slightly for the first time in six months. The S&P…

Bitcoin Trades at $114,000 as Cryptocurrency Rally Fades Bitcoin (BTCUSD) trades at $114,000 level on Wednesday as cryptocurrency price movements reflect a fading rally across exchanges. The top 10 cryptocurrencies have seen sharp price fluctuation, with Bitcoin facing price correction. The largest crypto asset by market price and valuation has been fluctuating with less than 0.02% upside in the last one hour and down by 0.01% on the day due to some retail selling pressures. Based on trading data from CoinMarketCap.com, all the major cryptocurrencies have experienced downward movement in the last 24 hours, reflecting volatility spurred by weak buying…

Saudi Aramco’s Profit Falls by 22% on Lower Oil Prices Saudi Aramco reported a 22% decline in net profit for the second quarter of 2025, as lower crude oil prices and weaker refined product prices continued to weigh on the energy giant’s earnings. According to its earnings report, the company registered a net income of $22.67 billion (85.02 billion riyals) in Q2, compared to $29.07 billion (109.01 billion riyals) in the same period a year earlier. Total revenue and other sales-related income fell to $108.6 billion (407.1 billion riyals), from $114.6 billion (429.6 billion riyals) in the first quarter. The…