Companies & Markets

Diesel Prices in Nigeria Are Heading Below ₦900 Amid Oversupply 

Diesel Prices in Nigeria Are Heading Below ₦900 Amid Oversupply

Once soaring above ₦1,100 in March, diesel now ranges between ₦911 and ₦950 in major hubs, propelled by an oversupply… Read More

2 months ago

FCMB Forecasts ₦39.3 Billion Q3 2025 Profit, Projects Strong ₦90.6 Billion Net Cash Increase

FCMB Group Plc has projected a profit after tax of ₦39.3 billion for the third quarter ending 30 September 2025,… Read More

2 months ago

Silver Prices Soar to All-Time High of $35.80 per Ounce

Silver has joined the gold party, with prices now up +24% year-to-date and trading at their highest level since 2012.… Read More

2 months ago

Africa Should Focus on Leveraging its $4trillion Investible Domestic Capital For Growth – AFC

The Africa Finance Corporation (AFC) has emphasized the urgent need for the continent to tap into the $4 trillion it… Read More

2 months ago

Oil Prices Rise Amid Shrinking US Oil Inventories

Oil prices surged on Thursday, propelled by an unexpected drop in US crude oil inventories that points to a strengthening… Read More

2 months ago

Lamia Merzouk: Pioneering Innovation and Leadership in Morocco’s Financial Sector

Lamia Merzouk stands at the forefront of Morocco’s evolving financial sector, known for her visionary leadership and deep expertise in… Read More

2 months ago

Fitch Downgrade Highlights Risks of Afreximbank’s Rapid Growth from Lending to Distressed Governments Without Reform Conditions

A significant jolt has hit Africa’s financial landscape as Fitch Ratings downgraded Afreximbank’s credit rating to BBB- on June 4,… Read More

2 months ago

Oando Upsizes Afreximbank Loan to $375 Million, Fuels Expansion of Massive Oil Portfolio

Oando PLC has announced the successful upsizing of its reserve-based lending facility (RBL2) to $375 million. The funding, led by… Read More

2 months ago

Kolapo Olaleye Sells ₦11.6 Million Worth of MTN Nigeria Shares

MTN Nigeria Communications Plc has notified the Nigerian Exchange Limited of a transaction involving Mr. Kolapo Olaleye, a general manager… Read More

2 months ago

Oando Appoints Ayotola Jagun as Executive Director, Underscoring Focus on Governance and Sustainability

Oando Plc has announced the appointment of Ms. Ayotola Jagun as an Executive Director, effective May 20, 2025. The decision,… Read More

2 months ago