Author: Olu Anisere

Transnational Corporation Plc’s earnings per share (EPS) shrank in the first half of 2026 due to a 17% year-on-year decline in profitability to N54.4 billion, its unaudited financial statement revealed.

Led by US and European indices, the global markets edged higher as investors piled into chipmakers on AI trade conviction, with Anthropic doubling down on mid-term spending to $40 million to advance AI regulation. 

FirstHoldco Plc slipped in the stock market due to moderate profit-taking, as investors begin to look more closely at the financial services company’s earnings quality.

Financial system liquidity surged by about 72% to N3.10 trillion, supported by N1.46 trillion in inflows from matured OMO bills that were not refinanced by the Apex Bank.

External Reserves Stand at $52bn – Cardoso The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says Nigeria’s foreign exchange reserves has presently risen to 52.52 billion dollars. Cardoso said this on Tuesday in Abuja, while presenting a communique issued at the end of the 306th meeting of the apex bank’s Monetary Policy Committee (MPC). He had earlier announced the decision of the MPC to retain the Monetary Policy Rate (MPR) at 26.5 per cent. The committee also retained the Standing Facilities Corridor around the MPR at +50/-450 basis points. Cash Reserve Requirement (CRR) for Deposit Money Banks…

The naira gained against the US dollar at the Nigerian foreign exchange market (NFEM) amidst growing optimism about the nation’s expanding gross external reserves.

Up 5%, XRP price is hovering around $1.15 on Tuesday, outperforming a broader market rally

Global Hunger Declines Across Continents, Trade Risks Loom- UN The UN on Tuesday said global ​hunger had declined for the third consecutive year in 2025, with improvements recorded across every continent. The United Nations report said mounting risks from climate ‌shocks and trade disruption could threaten further progress. According to the State of Food Security and Nutrition in the World report, jointly prepared by five UN agencies, around 645 million people, or 7.8 per cent of the world’s population, experienced hunger in 2025. It said down from 8.1 per cent in 2024 and 8.6 per cent in 2022. While progress…

Hundreds Join Protest Against U.S. Intelligence Base Hundreds of people has joined a two-day protest calling for the closure of the secretive U.S. Pine Gap intelligence base in Australia’s Northern Territory (NT). Around 300 people gathered near the front of the base, followed by a smaller protest on Tuesday calling for the facility to be closed and the land on which it sits to be returned to the local Arrernte people, the traditional Aboriginal owners of the area. The base is located near the NT city of Alice Springs in central Australia, the Pine Gap facility was established by the…

Crimean-Congo Fever on Increase in Afghanistan, 21 Deaths in June-WHO The World Health Organisation’s office in Afghanistan has reported a significant surge in suspected Crimean-Congo Haemorrhagic Fever (CCHF), with 483 suspected infections and 21 deaths in June. This represents a 174.4-per cent increase in suspected cases compared to 176 suspected cases and nine deaths reported in May, the office said in its latest report. The WHO attributed the sharp rise primarily to the Eid ul-Adha period, during which heightened contact with livestock and widespread animal slaughtering activities significantly increase the risk of transmission. CCHF is a viral haemorrhagic fever typically…