Expanding into emerging markets offers businesses new revenue streams, access to growing consumer bases, and competitive advantages. However, it also presents heightened financial risks, especially when it comes to debt recovery. While…
By Adedapo Adesanya President Bola Tinubu has approved issuing critical regulatory licenses for the Kolmani Integrated Development Project, a multibillion-Dollar oil exploration initiative located between Bauchi and Gombe states. The…
By Dipo Olowookere The Nigerian Exchange (NGX) Limited recorded 61 price gainers last week compared with the 68 recorded in the preceding week as the All-Share Index (ASI) and the market capitalisation appreciated by 0.90 per cent to 109…
SINGAPORE – Media OutReach Newswire – 19 May 2025 – SUNRATE, the global payment and treasury management platform, has once again been recognised by FXC Intelligence as one of the Top 100 Cross-Border Payment Companies worldwide. This marks…
VIENTIANE, LAOS – Media OutReach Newswire – 17 May 2025 – Green and Smart Mobility Joint Stock Company (GSM), the operator of Xanh SM – Southeast Asia’s first all-electric ride-hailing service – has officially launched the Xanh SM Platform…
By Dipo Olowookere The last trading session of this week ended a positive note with a 0.22 per cent leap on Friday, influenced by continued demand for local equities. During the session, the All-Share Index (ASI) gained 242.73 points to…
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange extended recent gains by 0.03 per cent on Friday, May 16, supported by five companies, whose share prices closed green. NASD Plc added N2.09 to close at N22.99 per…
By Adedapo Adesanya The Naira appreciated against the US Dollar by 58 Kobo or 0.04 per cent to N1,599.57/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, May 16 versus the N1,600.15/$1 it was exchanged in the…
By Adedapo Adesanya Crude oil prices were higher on Friday on easing US-China trade tensions, although prices were held back by expectations of higher supply from Iran and the Organisation of the Petroleum Exporting Countries and its…
By Aduragbemi Omiyale A $100 million senior loan facility has been secured by Access Bank Plc from a consortium of Development Finance Institutions (DFIs), led by the German DFI DEG and supported by FinDev Canada, Amsterdam-based asset…
By Adedapo Adesanya Renaissance Africa Energy Company Limited has exceeded crude oil production targets by 40 per cent in its first month of operating the former Shell Petroleum Development Company (SPDC) Joint Venture assets. In a…
DStv Media Sales, in collaboration with the Media Independent Practitioners Association of Nigeria (MIPAN), hosted the 9th edition of their annual industry conference on Thursday, May 9, 2025, in Lagos. Themed “Optimize,” the conference…
By Adedapo Adesanya The Ministry of Interior has announced the launch of a new online citizenship and business management platform. In a statement by the Ministry’s Permanent Secretary, Mrs Magdalene Ajani, on Friday in Abuja, it was…
By Adedapo Adesanya The Chairman of BUA Group, Mr Abdul Samad Rabiu, has pledged to further crash the prices of rice and other food items to alleviate high food costs in Nigeria. Speaking to State House Correspondents after meeting with…
By Adedapo Adesanya Despite the National Bureau of Statistics (NBS) revealing on Thursday that inflation rate in April 2025 in Nigeria cooled to 23.71 per cent, according to the latest Consumer Price Index (CPI) report, the Nigerian Naira…
By Adedapo Adesanya The oil market was down by about 2 per cent on Thursday on expectations of a US-Iran nuclear deal that could result in sanctions being eased and more barrels released onto the global market. This brought down the price…
By Adedapo Adesanya M-KOPA, a pan African fintech company headquartered in the United Kingdom, has made the Financial Times’ Africa’s Fastest Growing Companies rankings for the fourth consecutive year. M-KOPA, operating in Nigeria, Ghana,…
By Adedapo Adesanya The Federal Competition and Consumer Protection Commission (FCCPC) has sealed the premises of an entity operating under the name Community Crime Prevention Initiative of Nigeria (CCPIN) in Aba, Abia state. In a…
By Aduragbemi Omiyale Nigerian Breweries Plc has announced the appointment of Mr Thibaut Boidin as its new chief executive, replacing Mr Hans Essaadi, who resigns from the position from June 30, 2025. The brewer confirmed this development…
Strengthens case for MPC to cut or pause interest rates next week Nigeria’s headline inflation rate eased to 23.71 per cent in April 2025, reflecting a 0.52 percentage point decline from the 24.23 per cent recorded in March. This was…
By Aduragbemi Omiyale The chief executive of Access Bank Plc, Mr Roosevelt Ogbonna, has underscored the potential for Africa to reframe its narrative, urging countries on the continent to embrace their strengths. The banker also reinforced…
By Modupe Gbadeyanka A Kano-based company, Mamuda Group Nigeria Limited, is planning to build a factory in Ogun State worth $50 million. The firm has tentacles in the food, personal care, and agro-processing sectors through its subsidiary,…
By Adedapo Adesanya Brazilian state oil company, Petrobras, is seeking a return to Nigeria’s oil sector with a renewed focus on frontier deepwater exploration. This came as part of efforts to strengthen ties between both countries. In a…
By Adedapo Adesanya Six Nigerian startups have been recognised on the Financial Times’ 2024 ranking of Africa’s Fastest-Growing Companies, which features 130 high-growth firms across the African continent. The companies are Moniepoint,…
By Adedapo Adesanya The duo of FrieslandCampina Wamco Nigeria Plc and Central Securities Clearing System (CSCS) Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 6.46 per cent on Wednesday, May 14. The bellwethers shrank the…
By Adedapo Adesanya The Naira improved its value against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Wednesday, May 14 by N3.26 or 0.20 per cent to settle at N1,596.75/$1, in contrast to the preceding day’s…
By Adedapo Adesanya Oil prices eased on Wednesday after government data showed crude stockpiles in the United States rose unexpectedly last week, prompting investor concerns of excess supplies. Brent crude futures lost 54 cents or 0.81 per…
By Dipo Olowookere Continued momentum trading at the Nigerian Exchange (NGX) Limited increased the portfolios of investors by 0.27 per cent on Wednesday. During the session, the market capitalisation of the trading platform went up by N186…
Asia and Africa’s Winners and Losers DUBAI, UAE – Media OutReach Newswire – 15 May 2025 – A 24% crash in Brent crude prices, a 13% drop in Asian bitumen costs, and a 30% surge in Vietnam’s demand—since Donald Trump’s sweeping trade tariffs…
By Aduragbemi Omiyale The value of Fidelity Bank Plc stocks on the Nigerian Exchange (NGX) Limited is now N1.055 trillion, closing at N21.00 per unit at the close of business on Wednesday, May 14, 2025. The shares of the financial…