The German development bank KfW acting on behalf of and for the account of the Federal Republic of Germany has become the latest shareholder in the African Trade & Investment Development Insurance (ATIDI). KfW becomes the 13th Institutional shareholder in Africa’s premier development insurer, further strengthening the organisation’s capital base and its capacity to support…
By Our Reporter The Nigerian Exchange Limited (NGX) has announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday, 27 April 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. Approved by the Securities and Exchange Commission (SEC) Nigeria, the expansion shifts…
• Expansion strengthens Etihad’s presence across high-growth African markets, connecting the continent to Abu Dhabi and the world beyond • Reinforces Abu Dhabi’s role as a gateway for trade, cargo and investment flows between Africa and Asia • Builds on Etihad’s growing China network alongside its extensive India network, opening a new corridor linking Africa…
By Our Reporter MTN Nigeria Communications PLC has temporarily suspended its airtime and data lending service, Xtratime, following the introduction of new regulatory requirements governing digital credit services in Nigeria. The company disclosed this in a corporate filing to the Nigerian Exchange Limited on Thursday, stating that the decision was driven by compliance obligations under…
Strait of Hormuz By Joe Udo Oil prices dropped sharply on Friday, April 17, after the Iranian foreign minister announced that the Strait of Hormuz would be “completely open” for commercial transit for the duration of the current ceasefire. Brent crude, the global benchmark, fell 9.5% to just below $90 per barrel, while WTI, the…
By Kingsley Agim Cross River State has intensified efforts to unlock a maritime-driven economic boom, as the government on Thursday in Calabar convened a high-level sensitisation forum to galvanise stakeholder support for the Bakassi Deep Seaport project, a flagship initiative aimed at repositioning the state as a major hub in Nigeria and the West African…
