- XRP Dips on High US Yields, Ripple Integrates AI into Treasury Platform
- FG Pays N1.1bn Additional Exit Benefits to 175 Retirees
- South African Rand Falls Against USD Amid Mixed Economic Data
- Tech Rivalry: Xiaomi Beats Apple to Market as 18 Fold Launched Ahead of iPhone Fold
- Global Equities Markets Down as Rising Energy Costs Stoke Selloffs
- Seplat Energy Extends Bullish Run as Stock Surges N1,355.20 in One-Day Rally
- Brent Hovers Around $106 as Crude Oil Prices Ease
- Nigeria Customs Begins Final Recruitment Screening of Candidates
Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
FG Pays N1.1bn Additional Exit Benefits to 175 Retirees The Federal Government has begun payment of additional exit benefits to retirees of Treasury-funded Ministries, Departments and Agencies (MDAs). The National Pension Commission (PenCom) disclosed in a statement on Friday that it had paid about N1.1 billion to 175 retirees who exited the Federal Public Service between Jan. 1 and Aug. 31. It said the payments were being made under the Federal Government Exit Benefit Scheme (EBS), approved by the Federal Executive Council and effective from Jan. 1. According to PenCom, the scheme provides additional financial benefits to federal employees at…
Tech Rivalry: Xiaomi Beats Apple to Market as 18 Fold Launched Ahead of iPhone Fold Xiaomi has launched the Xiaomi 18 Fold in China on September 7- just two days ahead of Apple’s expected unveiling of its first foldable iPhone on September 9, in a move seen as a direct challenge in the tech rivalry between China and the US. The 18 Fold is Xiaomi’s first wide-format, passport-style foldable, with a 5.38-inch cover display and a 7.58-inch inner display. It is the first phone powered by Xiaomi’s in-house 3nm XRing O3 chip and features Leica-branded cameras led by a 200MP…
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market on Thursday…
The Federal Competition and Consumer Protection Commission (FCCPC) and …
AfDB, African Deposit Funds Partner to Mobilise Long-Term Financing for Development The African Development Bank Group and members of the African Forum of Deposit Funds have agreed to deepen cooperation aimed at mobilising long-term financing for development, productive investment and economic growth. The agreement is contained in a statement released on the bank’s website on Thursday in Abuja, outlining a framework for stronger institutional collaboration to support Africa’s development agenda and long-term prosperity. According to the AfDB, the partnership seeks to support productive investment, strengthen economic resilience and contribute to more inclusive growth across the continent through coordinated financing strategies,…
Trump Suggests Renaming Strait of Hormuz to ‘Trump Strait’ US President Donald Trump has suggested renaming the Strait of Hormuz as the “Trump Strait,” amid escalating tensions with Iran over the strategic waterway. In a post on Truth Social on September 2, Trump asked, “Now that we have it under U.S.A. control, should we change the name Hormuz Strait to TRUMP STRAIT???” Trump claimed the US has total control over the strait and that the US Navy has swept it for mines, countering Iran’s claim that the waterway is closed. Iran has said it will soon announce a new restricted…
Trump Promises $5k to Every U.S. Adult if Republicans Win Nov. Election U.S. President Donald Trump has promised every adult U.S. citizen a 5,000 dollars payment if Republicans retain control of both chambers of Congress in November’s elections. “So if the Republicans win, you win with us, and you get 5,000 dollars,” Trump said at a Republican Party convention in Dallas on Wednesday. He said the payment would be called the “Trump dividend.” Trump said the payment would be made if Republicans maintained their majorities in the Senate and House of Representatives. With more than 245 million adults in the…
The Lagos State Electricity Regulatory Commission (LASERC) has issued Elektron Energy Development Strategies Ltd. a licence to generate electricity in Lagos State.
Reflecting a negative supply outlook, crude oil prices rose 2.2% on Wednesday….
Lionel Messi Agrees Deal to Purchase Spanish Second-Tier Side Eldense Spanish second-division side C.D. Eldense has confirmed that Argentine great Lionel Messi has reached an agreement in principle to become the club’s new owner. The Inter Miami forward is close to completing a deal to buy 100% of the club’s shares from majority owner TH Soluciones Group S.A.S., the Colombian investment group that took control of Eldense in October 2025. According to reports in Spain and confirmed by the club on Wednesday, an announcement is expected in the coming days. If completed, Eldense will become the second Spanish club owned…