Ghana’s Rigworld Builds Church in Adeiso Community

By Adedapo Adesanya A cross-border fintech company, Grey, has embarked on a significant global brand rebranding initiative, revealing a fresh logo and website design as part of moves to expand its footprint in the global market. The company’s transformation was unveiled on its social media platforms on Monday, November 27, 2023, and follows closely on the heels of Grey celebrating a milestone achievement of surpassing 500,000 users. Grey, which was founded in mid-2020 by Mr Idorenyin Obong and Mr Femi Aghedo, aims to leverage this fresh identity to reach a broader audience and solidify its international presence. The updated brand

By Kestér Kenn Klomegâh South Africa prepares to host the African Growth Opportunity Act (AGOA) forum to review critical challenges and obstacles adversely impacting trade opportunities and economic cooperation between the United States and Africa. The United States first introduced the African Growth and Opportunity Act (AGOA) in 2000. It is the 20th AGOA forum scheduled from November 2 to 4 in Johannesburg, South Africa. The AGOA Trade and Economic Cooperation Forum seeks to expand and deepen trade and investment relationships between the United States and Sub-Saharan Africa. It also encourages regional integration and further reaffirms Africa’s position as a

By Adedapo Adesanya The SBM Intelligence African Country Instability Risk Report Index (ACIRI) has ranked Nigeria as a stable African country based on select macro indicators benchmarks. The report which was published on Monday assesses the political, economic and social factors contributing to Sub-Saharan Africa’s political instability. It provides a framework for assessing the risk of coups d’état using factors such as ethnic tension, the country’s history of coups, dominant ethnic groups, economic concentration, ageing leaders and monoproduct, bi-product or multi-product economies. The 47 Sub-Saharan sub-region of Africa’s 55 countries were ranked on four benchmarks – leadership and governance, geopolitics,

By Adedapo Adesanya The Nobel Committee has awarded the 2023 Nobel Peace Prize to jailed Iranian activist, Ms Narges Mohammadi, for her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all. In a statement announced on Friday, Ms Mohammadi was recognised for her brave struggle which has seen her arrested 13 times, convicted five times, and sentenced to a total of 31 years in prison and 154 lashes. As of the moment of her recognition for the prize, Ms Mohammadi is still in prison after her role in the largest

By Adedapo Adesanya Crude oil prices fell on Wednesday after the United States Energy Information Administration (EIA) reported an inventory build of 16.3 million barrels for the week to February 10 compared with a build of 2.4 million barrels for the previous week, extending a string of weekly builds, some of them quite sizeable, which have pushed inventories above the five-year seasonal average. Consequently, Brent futures slid 20 cents or 0.2 per cent to $85.38 a barrel, while US West Texas Intermediate (WTI) crude fell 47 cents or 0.6 per cent to $78.59 per barrel. A day before the EIA

By Dipo Olowookere In the first six months of 2022, the sum of N4.08 billion was paid in claims to customers of the foremost life insurer, African Alliance Insurance Plc. It was observed that the underwriting firm paid N1.81 billion in annuity claims; N857.2 million in individual life claims, N765.4 million in group life, N436.3 million in Takaful and N208 million Esusu payouts. “African Alliance Insurance Plc was built on a solid foundation of claims payment. Year in, year out, we do not shy away from fulfilling this critical obligation to our policyholders as due,” the managing director/CEO of the

Modupe Gbadeyanka Customers on the network of Ikeja Electric Plc have been assured of continued quality services during the Easter holidays. Head of Corporate Communications at Ikeja Electric, Mr Felix Ofulue, while giving this assurance in a statement, said the company was determined to ensure subscribers enjoy hitch-free services during the period. He explained that measures have been put in place to ensure network stability and smooth operations during the Easter holidays. “In anticipation of customers’ expectations during the holiday, we have provided a maintenance process to monitor and patrol the network to ensure faults are cleared as and when

By Dipo Olowookere The Governor of Bauchi State, Mr Bala Mohammed, has been endorsed for the 2023 presidency by 42 northern groups under the umbrella of the Northern Youth Leaders Forum (NYLF). The northern youths said they believe in the ability of the Governor, who is a member of the opposition Peoples Democratic Party (PDP), to steer the ship of the country to the Promised Land. Nigeria, under the current ruling All Progressives Congress (APC)-led government of President Muhammadu Buhari, has witnessed a significant rise in insecurity and economic woes. But NYLF emphasised that with Mr Mohammed as the President

By Adedapo Adesanya Last week, the Brent Crude traded up to $64 per barrel as oil prices saw gains circulate high as the US-China trade deal brought fresh optimism during the week, especially after China’s invitation to negotiators from its trade rival, the United States. However, towards the end of the week, oil prices were dealt a huge blow as prices tumbled on profit-taking after hitting a two-month high as concerns about U.S.-China trade talks overshadowed expectations of an extension to OPEC+ production cuts. On the trade talk front, Chinese President Xi Jinping on Friday said the country was willing

By Dipo Olowookere On Tuesday, December 5, 2017, the NASD OTC Securities Exchange introduced the NASD Enterprise Portal (NASDeP) to capital market operators registered by the Securities and Exchange Commission​​ (SEC)​. The portal, which ​​is the first of its kind in the Nigerian capital market, engages the independence and professionalism of market operators to collate information on the performance, operations and forecasts of value and growth enterprises. ​NASDeP is expected to bring immense value to the private investing community who will save on expensive research effort and also of value to economic analysts and regulators like NIPC and CBN. The

A Dubai-based publication, International Business Magazine, has named Zedcrest Capital Limited, a new-age financial solutions powerhouse, as the Best Financial Management Firm in Nigeria. This was made through an announcement on the official website of the media platform on Monday, August 12, 2019. The award becomes the third international recognition received by Zedcrest Capital Limited this year, having emerged as the “Proprietary Investment Company of the Year” at the International Standard Leadership Summit & Excellence Awards organized by World Quality Alliance and adjudged the “Best Proprietary Investments Firm in Nigeria” by international magazine, Global Business Outlook. Chief executive of Zedcrest

Nigerians have been advised by the Central Bank of Nigeria (CBN) to be careful of unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. CBN said this warning became necessary due to activities of some unregistered IMTOs, whose modes of operation were detrimental to the Nigerian economy. The apex financial institution in Nigeria stressed that all financial service providers in Nigeria, just as in other jurisdictions, are required to be duly licensed in order to protect both customers and the financial system as well as to ensure the credibility of financial transactions. It said for the avoidance