By Dipo Olowookere The Nigerian Exchange (NGX) Limited further depreciated by 0.67 per cent on Tuesday, with investors maintaining their stance to minimise their exposure to equities for low-risk asse...
As Africa heads into this year's Africa Food Systems Forum (AFSF) in Dakar, the numbers paint a grim picture: more than 307 million people-nearly one in five Africans-are going hungry....
By Adedapo Adesanya Oil prices closed higher by more than 1 per cent on Tuesday after the US imposed sanctions targeting Iran’s oil revenue stream while the market weighed the expected outcome o...
HONG KONG SAR – Media OutReach Newswire – 2 September 2025 – ZHUOYU Technology (ZYT), a leading advanced driver-assistance systems (ADAS) brand, officially announced its European deb...
While these imports from China have no doubt unsettled the small and medium-scale traders, eating into their profits, major retailers say these stores are complementary....
Kenya's Controller of Budget Margaret Nyakang'o has issued a stark warning over the country's rapidly growing public debt, which reached Sh11.73 trillion by the end of June 2025....
All ministries, state departments and independent commissions have registration on the e-government procurement system....
Kenya is preparing to host the 24th Common Market for Eastern and Southern Africa (Comesa) Summit in October, at a pivotal moment for regional economic cooperation and diplomacy....
By Adedapo Adesanya The chief executive of the Nigerians in Diaspora Commission (NIDCOM), Mrs Abike Dabiri-Erewa, has attributed the recent increase in diaspora remittances to the economic reforms of...
In Nigeria, more and more people are enjoying games online. It’s fun, simple, and sometimes you even win real money. One platform that stands out is PinUp online – a place where great games and...
By Adedapo Adesanya The Dangote refinery has exported its first petrol (gasoline) cargo to the US markets, Argus reported, citing data from global trade analytics platform Kpler and market sources. Th...
By Aduragbemi Omiyale Failure to release financial results for the 2024 fiscal year has led to the suspension of three insurance companies on the Nigerian Exchange (NGX) Limited. The affected underwri...
Business tourism is also a major driver of economic growth for Cape Town....
The Kenya Property Developers Association (KPDA) has signed a strategic partnership with the Kenya National Chamber of Commerce and Industry (KNCCI) to unlock new financing models....
Okonjo-Iweala warned that world trade could experience the effects of tariffs "later down the line"...
By Adedapo Adesanya The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government to turn recent global trade agreements into actionable results. The Director-General of LCCI, Mr...
This week in Big Brother’s house is one for the books, literally the week of firsts. Not only did we see Faith step up as the most influential housemate and Head of House, but for the first time ever,...
By Adedapo Adesanya Unity Bank Plc will hold a Court-Ordered Meeting on September 26, 2025, in Abeokuta, Ogun State, to vote on the proposed merger with Providus Bank Limited. Shareholders will consid...
A new wave of Bitcoin wealth in 2025 · TALL Miner makes mining within reach At the beginning of 2025, the global financial market once again focused on Bitcoin. As “digital gold,” BTC has...
By Adedapo Adesanya The Nigeria Data Protection Commission (NDPC) has commenced a sector-by-sector investigation into organisations suspected of breaching the Nigeria Data Protection Act (NDP Act), 20...
By Aduragbemi Omiyale The national scale long-term and short-term issuer ratings of Presco Plc have been upgraded by GCR Ratings, with a stable outlook. In a statement by the rating agency, it was dis...
New AfDB President Ould Tah has set out a four-point agenda including, listening intently; fast-tracking reforms; deepening partnerships and accelerating real solutions as his core pr...
By Adedapo Adesanya Nigerian veteran filmmaker, Mr Tade Ogidan, has been appointed to the board of a top Nigerian food company, Tantalizers Plc, in a bid to deepen its strategic plan to evolve into a...
By Modupe Gbadeyanka The need for critical stakeholders to have a constructive dialogue on the impact of the tax reforms on the free zones in the country has been emphasised by the Nigeria Economic Zo...
The Arabian Gulf Oil Company (AGOCO) reported today that it had achieved, in cooperation with Schlumberger SLB, what it referred to as ‘‘a quantum leap in the productivity’’ of the O5-NC8 in the Ha...
By Modupe Gbadeyanka The need for critical stakeholders to have a constructive dialogue on the impact of the tax reforms on the free zones in the country has been emphasised by the Nigeria Economic Zo...
A US Treasury report reveals that 83 per cent of AfDB's sanctioned cases involved fraud, with Kenya identified as a top beneficiary of loans and a primary source of corruption complaints....
East Africa has become a key frontier for economic expansion so as to have a balance of power against the West and as a source of competition, given Russia’s expanding influence in the region...
From an average of KES122 billion annual collections in mid 1990s, KRA’s tech-powered reforms have seen it collect over KES2.5 trillion in fiscal year 2024/25. <li...
By Adedapo Adesanya Airtel Africa Plc has picked Citigroup Incorporated as advisors for the planned Initial Public Offering (IPO) of its mobile money unit scheduled for listing n the first quarter of...
By Aduragbemi Omiyale Investors can keep shares of Ellah Lakes in their portfolios because plans by the board to raise N250 billion from the capital market for investments could “drive a stronger reve...
NCC conducted compliance inspections in KZN including, Pinetown, Pietermaritzburg, Durban CBD....
A US Treasury report reveals that 83 per cent of AfDB's sanctioned cases involved fraud, with Kenya identified as a top beneficiary of loans and a primary source of corruption complaints....
The Ocean Centre Kenya will be under the United Nations Global Compact Network in partnership with the Lloyd's Register Foundation, an independent global safety charity....
Glencore confirmed it had initiated a Section 189 retrenchment process, effective from September 1...
By Adedapo Adesanya Central Securities Clearing System (CSCS) Plc crashed the NASD Over-the-Counter (OTC) Securities Exchange by 0.42 per cent on Monday, September 1. This happened the price of the Ni...
By Adedapo Adesanya The exchange rate of the Naira to the United States Dollar ended at N1,526.10/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, September 1, 2025, compared w...
By Aduragbemi Omiyale The N157.8 billion rights issue of the United Bank for Africa (UBA) Plc will close on Friday, September 5, 2025. The exercise commenced on Wednesday, July 30, 2025, and offered a...
By Adedapo Adesany Nigeria has signed a new deepwater oil contract with French oil and gas giant, TotalEnergies. The contract, which is a Production-Sharing Contract (PSC), also includes local firm S...
By Dipo Olowookere The first trading session of September 2025 on the domestic stock market ended on a bearish note on Monday with a 0.41 per cent loss aggravated by persistent selling pressure. Data...
By Adedapo Adesanya Brent crude oil appreciated by 63 cents or 1 per cent to $68.15 per barrel on Monday as concerns mounted that airstrikes in Russia and Ukraine could lead to supply disruptions. Als...
HAMBURG, GERMANY – EQS Newswire – 1 September 2025 – Preferred Supply Agreements (PSAs) have been awarded for supply of monopile foundations to EEW Special Pipe Construction GmbH, tr...
As the first event held at the newly inaugurated Vietnam Exposition Center in Hanoi, the exhibition titled “80 Years of Independence – Freedom – Happiness” has become a symbol of a modern,...
HUZHOU, CHINA – Media OutReach Newswire – 2 September 2025 – A series of activities highlighting ecological progress were held on August 15th as the country embraces its third Nation...
The two Heads of State instructed their respective ministers in charge of trade to urgently convene and address bottlenecks affecting cross-border business....
By Adedapo Adesanya President Bola Tinubu has reiterated his administration’s commitment to ensuring equitable infrastructure development across Nigeria’s six geopolitical zones under his Renewed Hop...
That relationship is set to take a significant step forward later this year when Malaysian Prime Minister Anwar Ibrahim makes his first official visit to Kenya in November....
By Modupe Gbadeyanka Passengers flying first class on Emirates across all routes departing Dubai will be served the Dom Pérignon Rosé Vintage 2009 Champagne over the next few months. This has been mad...
The petrol, diesel and paraffin prices take effect from Wednesday....
Former Tourism Deputy Minister Fish Mahlalela is touted to lead Mpumalanga Tourism and Parks Agency...
By Adedapo Adesanya Customers have been assured of a smooth transition as one of Nigeria’s oldest banks, Union Bank of Nigeria, completed its merger with Titan Trust Bank Limited, following fina...
By Aduragbemi Omiyale Subscription for the September 2025 edition of the FGN savings bond has commenced and the Debt Management Office (DMO), which is selling the debt instrument, is offering the 2-ye...
By Adedapo Adesanya Nigeria, the United Arab Emirates (UAE) and Qatar are currently in talks to create a shared shipping network, a move aimed at expanding Africa–Asia Liquefied Natural Gas (LNG) conn...
By Modupe Gbadeyanka In August 2025, the private sector in Nigeria recorded a Purchasing Managers’ Index (PMI) of 54.2 points, higher than the 54.0 recorded in July, pointing to a solid strengthening...
Retirement Benefits Authority (RBA) Statistical Digest 2024 data show that in previous years, the average increase in pension assets in government securities was nine per cent....
By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) has disbursed over $350 million under its Nigerian Content Intervention Fund (NCIFund) to support indigenous oil and g...
East Africa has become a key frontier for economic expansion so as to have a balance of power against the West and as a source of competition, given Russia’s expanding influence in the region...
By Adedapo Adesanya The Nigerian Electricity Regulatory Commission (NERC) has threatened to disconnect power-generating companies (GenCos) from the national grid if they fail to implement the Free Gov...
By Modupe Gbadeyanka A court in Finland has sentenced controversial Nigerian-born politician to six years in prison for terrorism-related offences in the country. The 40-year-old Nigerian, based in Fi...
The downturn in August was led by a reversal in new sales orders...
By Modupe Gbadeyanka Global streaming platform, Spotify, has launched Global Afrobeats Playlist, designed to celebrate the sound that has moved from the club to the charts and beyond. According to dat...
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange decreased by 0.55 per cent in the 35th trading week of 2025 after five stocks lost weight and six stocks gained weight. In the w...
The world is moving toward automating tasks in workplaces so that employees spend less time on repetitive work. Beyond this, most industries try to take advantage of smart solutions and introduce auto...
South Africa ports moved up to 18,689 Twenty-Foot Equivalent Units (TEUs) in a single day in August despite continued challenges of ageing infrastructure that often leads to processin...
By Modupe Gbadeyanka A framework for the administration of the Student Loan Scheme established under the Student Loans (Access to Higher Education) Act, 2024 for public tertiary institutions has been...
By Adedapo Adesanya About N1.011 trillion was earned by Nigeria from the oil and gas sector in June 2025, according to data released by the Office of the Accountant General of the Federation (OAGF). T...
By Aduragbemi Omiyale More than N60 million in cash rewards will be won by loyal customers of Ecobank Nigeria in the new edition of the Super Rewards campaign running from September 2025 to January 20...
By Modupe Gbadeyanka Pick-up vans have been donated by Dangote Cement Plc to the Ogun State Traffic Compliance and Enforcement Agency (TRACE) and the Lagos State Traffic Management Authority (LASTMA)....
By Dipo Olowookere Investors embarked on cautious trading on the Nigerian Exchange (NGX) Limited last week, resulting in a slowdown in market activity. According to data obtained by Business Post, the...
By Kestér Kenn Klomegâh Russia’s State Duma, the lower Chamber of Legislators, has reconstituted its Expert Council on the development and support of comprehensive partnership with African count...
By Aduragbemi Omiyale The merger between Union Bank of Nigeria and Titan Trust Bank Limited has been concluded after securing approval from the Central Bank of Nigeria (CBN). Under the terms of the me...
By Blaise Udunze Nigeria’s economy has been buffeted by storms in recent years with currency volatility, galloping inflation, surging interest rates, and dwindling consumer purchasing power. Yet, amid...
By Adedapo Adesanya The Crude Oil Theft and Management Committee has said efforts to increase crude oil production to three million barrels per day in line with the target set by President Bola Tinubu...
By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to rescind the decision to hike the cost of passport fees in the country by 100 per cen...
KMC Managing Commissioner Maj Gen Gula Jattani said the State agency will open additional branches in Rongai, Syokimau, Thika, and the Nairobi Central Business District....
SINGAPORE – Media OutReach Newswire – 1 September 2025 – Leading health insurance provider AIA Singapore today announced that it has engaged Singapore Airlines Academy, the training...
HONG KONG SAR – Media OutReach Newswire – 31 August 2025 – The augmented reality (AR) industry is witnessing an unprecedented surge, propelled by Rokid Glasses’ record-breaking...
Uganda is Kenya's top trading partner, with exports reaching Sh125.9 billion....
Following the mobilisation of forces and heavy weapons around Tripoli over the last three days, in a statement issued yesterday, UNSMIL called for peaceful dialogue and de-escalation. The full stat...
Electricity tariffs are now three times higher than the anticipated consumer inflation rate....
Minister Lamola says the relocation is now a done deal....
Britain's energy operator is betting on an age-old technology to future-proof its grid, as the power plants that traditionally helped stabilise it are closed and replaced by renewable energy systems....
What would you expect if you returned to a place 20 years after you left? If the place is Kenya, especially Nairobi, the answer would be "unrecognisable."...
By Adedapo Adesanya Three stocks weakened the NASD Over-the-Counter (OTC) Securities Exchange by 1.09 per cent on Friday, August 29, with one of the bellwethers, Central Securities Clearing System (CS...
By Adedapo Adesanya The final trading session of August 2025 was good for the Naira as it recorded its best performance in months, gaining N4.16 or 0.27 per cent against the US Dollar in Nigerian Auto...
By Adedapo Adesanya Crude oil was down Friday as traders looked toward weaker demand in the US, the world’s largest oil market, and a boost in supply from the Organisation of the Petroleum Expor...
Yiwu Selection, a brand export collection store, officially opened in Nairobi, Kenya's capital, on Friday, introducing high-quality and affordable Chinese products to local shoppers....
Kenya is tapping Chinese funding to educate a new cadre of public policy experts including economists, scientists and engineers, a bid to close a critical skills deficit and accelerate its transition....
KRA is targeting tens of thousands of digital taxi drivers in a new crackdown to plug a Sh47.3 billion revenue shortfall, a move that risks squeezing drivers' margins further....
By Dipo Olowookere The bears tightened their grip of the Nigerian Exchange (NGX) Limited on Friday after the platform further depreciated by 0.19 per cent. Like the preceding session, investor sentime...
Preliminary data shows a possible four-cent drop for a litre of 95-grade petrol...
By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited has tapped Brazilian investors to play its part towards achieving its 2027 and 2030 oil and gas production targets. This was...
HONG KONG SAR – Media OutReach Newswire – 29 August 2025 – Huatai Securities (“Huatai” or “The Company”) today announced its financial results for the first h...
Highlights of the Interim Results for the Six Months Ended June 30, 2025: Benefiting from the sustained growth in AI computing power demand, the demand for chips has grown significantly across related...
Book Launch: Voices of Patriotism and Unity – The Recipe for Malaysia’s Success KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 August 2025 – Wesley Methodist School launches a...
Listed diversified financial services group Britam Holdings has posted a profit before tax of Sh2.5 billion for the six months ended June 30, 2025, down from Sh2.8 billion....
KRA is targeting tens of thousands of digital taxi drivers in a new crackdown to plug a Sh47.3 billion revenue shortfall, a move that risks squeezing drivers' margins further....
Kenya has invited China to seize investment opportunities in the country's special economic zones as a strategic entry point into Africa's vast consumer market....
By Aduragbemi Omiyale The N6.2 billion series 2 fixed rate senior unsecured bonds issued by LAPO Microfinance Bank Limited in 2020 have been redeemed by the company. The small lender repaid bondholder...
By Adedapo Adesanya The trio of Nigeria, Benin and Cameroon have been urged by the African Development Bank (AfDB) to deepen regional cooperation in order to drive an inclusive continental market. Thi...