Zenith Bank reported roughly twice the net profit it earned in the first half of last year in the same period this year, its audited financial records show, helped by sharp increases in lending rate introduced by the country’s central bank earlier in the year in its push to slow down inflation. Interest and similar … Read more
Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the market capitalisation, which opened the week at N56.296 trillion, shed N784 billion or 1.39 per cent to close the week at N55.512 trillion. The All-Share Index also declined by 1.39 per … Read more
Governor Umo Eno of Akwa Ibom State has said that his predecessor, Udom Emmanuel, has not “brought any pressure” on him since he took over from him about seven months ago, on 29 May. “I will say here standing on this altar that you have never brought any pressure on me since I took over … Read more
