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Last updated: 2025-04-24 18:24:11
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Source: Standard Media

State urged to regulate scrap metal importation

Scrap metal dealers have appealed to the government to urgently protect the industry, which is threatened by importation of low priced steel reinforcement and steel billet into the country....

NGX All-Share Index Drops Below 105,000 Points After 1.23% Fall
Source: Business Post Nigeria

NGX All-Share Index Drops Below 105,000 Points After 1.23% Fall

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further depreciated by 1.23 per cent on Monday following persistent selling pressure amid global financial markets crisis. All the major key sect...

Oil Prices Dip 2% as Recession Fears Heighten
Source: Business Post Nigeria

Oil Prices Dip 2% as Recession Fears Heighten

By Adedapo Adesanya Oil prices slid by 2 per cent on worries that the US President Donald Trump’s latest trade tariffs could push economies around the world into recession and reduce global dema...

Tala feted as top digital lender in risk management
Source: Standard Media

Tala feted as top digital lender in risk management

Kenyan fintech firm Tala has been recognised as the Best Digital Credit Provider in Risk Management at the inaugural Think Business Digital Lenders Awards 2025, the company said on Monday. 2...

Banks' lending dips by 240b as Kenyans shun costly loans
Source: Standard Media

Banks' lending dips by 240b as Kenyans shun costly loans

KCB Group, the country's largest lender by assets, saw net loans and advances to customers fall by Sh99 billion in the 2024 financial year, a 10 per cent drop compared to 2023....

KTDA power production up 32pc on rains
Source: Standard Media

KTDA power production up 32pc on rains

A statement from KTDA said these six operational power plants generated 3.28 MKWhrs in February 2025, and 4.33 MKWhrs in March 2025....

Temu Partners Eurofins for Product Quality Control
Source: Business Post Nigeria

Temu Partners Eurofins for Product Quality Control

By Modupe Gbadeyanka A partnership aimed to strengthen product safety and compliance measures has been entered into between Temu and Eurofins Consumer Product Testing and Eurofins Assurance. As part o...

FG To Deliver 275,000 Electricity Meters In Next Two Months
Source: Business Post Nigeria

FG To Deliver 275,000 Electricity Meters In Next Two Months

By Adedapo Adesanya The federal government has pledged to deliver the first batch of a promised three million electricity meters, amounting to 275,000 units, in the next two months. The move is part o...

FCT Communities Get Food Packs from Fidelity Bank
Source: Business Post Nigeria

FCT Communities Get Food Packs from Fidelity Bank

By Modupe Gbadeyanka Some food packs have been distributed to residents of the Federal Capital Territory (FCT) Abuja recently by Fidelity Bank Plc as part of i​ts Corporate Social Responsibility (CSR)...

PAC Capital Promises Transformative Financial Solutions
Source: Business Post Nigeria

PAC Capital Promises Transformative Financial Solutions

Aduragbemi Omiyale A Nigerian-based investment banking and advisory company, PAC Capital Limited, has promised transformative financial solutions that not only meet but exceed expectations of its clie...

Rains push KTDA power production by 32 per cent
Source: Standard Media

Rains push KTDA power production by 32 per cent

KTDA Power Company Limited, a subsidiary of Kenya Tea Development Agency (KTDA), has reported a 32 per cent surge in electricity production from its operational hydropower projects....

NUPENG, PENGASSAN Resist External NNPC Appointments
Source: Business Post Nigeria

NUPENG, PENGASSAN Resist External NNPC Appointments

By Adedapo Adesanya The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of Nigerian National Petroleum Com...

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Source: LibyaHerald

ITA to launch new Tripoli-Milan service

‎Italian airline ITA will launch a new route between Tripoli and Milan ”soon”, Undersecretary of the Ministry of Transportation Wissam Al-Idrissi for was quoted as saying by Libyan onli...

Medsky inaugurates Tripoli to Milan flight
Source: LibyaHerald

Medsky inaugurates Tripoli to Milan flight

Libya’s Medsky airlines inaugurated its flight between Tripoli’s Mitiga airport and Milan Malpensa yesterday. The route will be serviced biweekly, flying once every Friday and once every Sunday. Th...

MTN Eyes Video Streaming Platform to Rival Netflix, Others
Source: Business Post Nigeria

MTN Eyes Video Streaming Platform to Rival Netflix, Others

By Adedapo Adesanya African telecommunications giant, MTN Group, may be foraying into the streaming landscape as part of plans to expand its footprint. The company planning to develop a new video stre...

Over 100 Exhibitors for 2025 Oja Oge by Ecobank
Source: Business Post Nigeria

Over 100 Exhibitors for 2025 Oja Oge by Ecobank

By Modupe Gbadeyanka The second edition of Oja Oge by Ecobank Nigeria Limited will attract more than 100 exhibitors, who will showcase their products to potential customers. The 3-day fashion, beauty,...

Moscow: World-Renowned Fashionable City
Source: Business Post Nigeria

Moscow: World-Renowned Fashionable City

By Kestér Kenn Klomegâh Moscow is increasingly becoming popular among foreigners due to multiple reasons among them is its fashionable architecture and friendly people. Moscow’s architecture is...

NASD OTC Exchange Market Cap Drops 0.44% in Week 14
Source: Business Post Nigeria

NASD OTC Exchange Market Cap Drops 0.44% in Week 14

By Adedapo Adesanya The market capitalisation of the NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.44 per cent or N3.87 billion decline to close at N1.911 trillion in the 14th trading w...

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Source: LibyaHerald

CBL devalues Libyan dinar by 13.3 percent to LD 5.56 per dollar

‎The Central Bank of Libya announced yesterday, by virtue of its Board of Directors Resolution No. (18) of 2025, the devaluation of the Libyan dinar against foreign currencies by 13.3 percent As a...

NGX Delists Med-View Airline, Capital Oil, Goldlink Insurance
Source: Business Post Nigeria

NGX Delists Med-View Airline, Capital Oil, Goldlink Insurance

By Dipo Olowookere The shares of Med-View Airline Plc, Capital Oil Plc, and Goldlink Insurance Plc have been delisted from the trading platform of the Nigerian Exchange (NGX) Limited. This action foll...

If Data is the New Oil, Where is the Refinery?
Source: Business Post Nigeria

If Data is the New Oil, Where is the Refinery?

By Timi Olubiyi, PhD Internet users are growing at an unprecedented rate, and in Nigeria, for instance, internet users have expressed concerns and frustration over the data price increase in recent ti...

Nigerian Stocks Attract N28.868bn Transactions in Three Days
Source: Business Post Nigeria

Nigerian Stocks Attract N28.868bn Transactions in Three Days

By Dipo Olowookere Investors bought and sold 1.183 billion stocks worth N28.868 billion in 42,397 deals on the floor of the Nigerian Exchange (NGX) Limited last week compared with the 7.521 billion st...

Huatai Securities Shares FinTech Practices with Hong Kong SFC
Source: Business Post Nigeria

Huatai Securities Shares FinTech Practices with Hong Kong SFC

HONG KONG SAR – Media OutReach Newswire – 7 April 2025 – ​Huatai Securities recently hosted a FinTech knowledge-sharing session with the Hong Kong Securities and Futures Commission (...

Bancassurance key in raising insurance penetration
Source: Standard Media

Bancassurance key in raising insurance penetration

The emergence of bancassurance has proven to be a critical factor in increasing insurance penetration in Kenya, a sector that has traditionally struggled to reach a broad audience...

Former Oyo Governor Omololu Olunloyo Dies at 89
Source: Business Post Nigeria

Former Oyo Governor Omololu Olunloyo Dies at 89

By Modupe Gbadeyanka A former governor of Oyo State, Mr Victor Omololu Olunloyo, has died some days to his 90th birthday, precisely April 14, 2025. He was said to have breathed his last in the early h...

Kenya's economy is not doing well, Mbadi owns up
Source: Standard Media

Kenya's economy is not doing well, Mbadi owns up

Treasury CS John Mbadi claimed past loans taken to implement long-term development projects had strained the country, but the results would be felt after 30 years....

CBN Boosts FX Market Liquidity With Fresh $197.71m
Source: Business Post Nigeria

CBN Boosts FX Market Liquidity With Fresh $197.71m

By Dipo Olowookere About $197.71 million has been injected into the foreign exchange (FX) market by the Central Bank of Nigeria (CBN) to boost liquidity. This intervention by the apex bank is expected...

Nigeria’s Domestic, Foreign Debts Now N‎144.67trn
Source: Business Post Nigeria

Nigeria’s Domestic, Foreign Debts Now N‎144.67trn

By Dipo Olowookere The Debt Management Office (DMO) has revealed that the total public debt stock of Nigeria increased by 48.58 per cent or N47.32 trillion to N144.67 trillion ($94.23 billion) as of D...

Court Convicts Igboezue Emeka for Non-declaration of $40,000
Source: Business Post Nigeria

Court Convicts Igboezue Emeka for Non-declaration of $40,000

By Modupe Gbadeyanka One Mr Igboezue Emeka has been convicted ​and sentenced to one month imprisonment for money laundering by Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos. He was ask...

Tinubu Okays Nasir Naeem Abdulsalam as Ajaokuta Steel MD
Source: Business Post Nigeria

Tinubu Okays Nasir Naeem Abdulsalam as Ajaokuta Steel MD

By Modupe Gbadeyanka President Bola Tinubu has appointed Mr Nasir Naeem Abdulsalam as the Managing Director of the Ajaokuta Steel Company, Kogi State. A statement from Mr Segun Imohiosen, the Director...

Ayo Sotinrin Takes Over as Bank of Agriculture MD
Source: Business Post Nigeria

Ayo Sotinrin Takes Over as Bank of Agriculture MD

By Aduragbemi Omiyale The chief executive of SAO Group, Mr Ayo Sotirin, has been appointed by President Bola Tinubu as the Managing Director of the Bank of Agriculture (BoA). A statement from the Spec...

Market Volatility Further Suppresses Customs Street by 0.01%
Source: Business Post Nigeria

Market Volatility Further Suppresses Customs Street by 0.01%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited ended Friday’s trading session lower with a marginal decline of 0.01 per cent as a result of continued market volatility. Customs Street was down...

FrieslandCampina, Food Concepts Hurt NASD Index by 0.21%
Source: Business Post Nigeria

FrieslandCampina, Food Concepts Hurt NASD Index by 0.21%

By Adedapo Adesanya The duo of FrieslandCampina Wamco Nigeria Plc and Food Concepts Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.21 per cent on Friday, April 4. FrieslandCampi...

Shockwaves Over Trump’s Tariffs Reverberate Across Africa
Source: Business Post Nigeria

Shockwaves Over Trump’s Tariffs Reverberate Across Africa

By Kestér Kenn Klomegâh After taking office early 2025, U.S. President Donald Trump has embarked on rewriting American foreign policy and plans to create a new geopolitical history under the “America...

Ojulari Vows to Consolidate on Mele Kyari’s Legacy
Source: Business Post Nigeria

Ojulari Vows to Consolidate on Mele Kyari’s Legacy

By Modupe Gbadeyanka The new chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bayo Ojulari, has promised to consolidate on the legacy and achievements of his predecessor,...

Dangote Cement Ibese Plant Empowers Host Communities
Source: Business Post Nigeria

Dangote Cement Ibese Plant Empowers Host Communities

By Aduragbemi Omiyale Some persons living around the Ibese Plant of Dangote Cement Plc have been equipped with some skills that could make them stand on their own and contribute to the economic develo...

Trump’s Tariffs Will Affect Global Trade—Okonjo-Iweala
Source: Business Post Nigeria

Trump’s Tariffs Will Affect Global Trade—Okonjo-Iweala

By Adedapo Adesanya The Director-General of the World Trade Organisation (WTO), Mrs Ngozi Okonjo-Iweala, has said the recent tariffs announced by the United States would have substantial implications...

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