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.
Fitch Ratings has affirmed Guaranty Trust Holding Company Plc’s (GTCO) and Guaranty Trust Bank Limited’s (GTB) – its main operating subsidiary – Long-Term Issuer Default Ratings (IDRs) at ‘B’. Fitch has also affirmed their National Long-Term Ratings at ‘AA+(nga)’.
The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.
The International Finance Corporation (IFC) says it would immediately send a mission to Nigeria to explore scalable investment structures that could unlock private capital into the sector.
APM Terminals President Pledges Fresh $600m Investment in Nigeria President Bola Ahmed Tinubu’s economic and investment drive received a further boost on Thursday, as world-class port operator APM Terminals pledged a $600 million investment in Nigeria’s maritime sector. Regional President, APM Terminals Africa-Europe, Igor van den Essen, disclosed this when he led other executives, including Head of Investments, APM Terminals, Martijn Van Dongen, and CEO, APM Terminals Nigeria, Frederik Klinke, to meet with President Tinubu on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda. Igor van den Essen said the proposed investments will be deployed in Apapa…
The Nigerian Exchange (NGX) bullish run paused on Thursday as investors took profit in some mid and large-cap stocks across sectoral indices.
British Health Secretary Resigns as Starmer Faces Leadership Challenge British Health Secretary Wes Streeting resigned from the government on Thursday, deepening the political crisis facing Prime Minister Keir Starmer following Labour’s heavy losses in local elections in the past week. In a resignation letter posted on social media platform X, Streeting said he had “lost confidence” in Starmer’s leadership and could no longer remain in government “honourably and on principle.” He said Labour’s election setbacks across England, Scotland and Wales reflected growing public dissatisfaction with the government. He cited controversial decisions, including cuts to winter fuel payments and Starmer’s recent…
Iran Opens Strait of Hormuz to Chinese Ships Some Chinese ships, in compliance with Iranian management protocols, since Wednesday night have been allowed to pass through the Strait of Hormuz, local media reported on Thursday. Iran tightened its grip on the Strait of Hormuz beginning Feb. 28, when it barred passage to vessels belonging to or affiliated with Israel and the United States following their joint strikes on Iranian territory, the report said. Meanwhile, a senior official of the Navy of Iran’s Islamic Revolution Guard Corps said that 30 vessels have passed through the Strait of Hormuz since Wednesday night.…
Heirs Insurance Named Among Africa’s Fastest-Growing Companies in Financial Times Ranking Heirs Insurance Group has achieved a landmark double recognition, with member companies, Heirs Life Assurance and Heirs General Insurance, both earning coveted spots on the 2026 Financial Times ranking of Africa’s Fastest-Growing Companies, one of the continent’s most authoritative benchmarks for business performance and expansion. Of the 130 companies featured across all sectors, Heirs Life Assurance ranked 7th and Heirs General Insurance ranked 41st, placing both companies firmly among Africa’s elite growth stories and cementing the Group’s status as a dominant force in the continent’s insurance landscape. The dual…
Otti Begins Reclamation of 10-Year-Old Gully in Abia Community The Abia Government has commenced intervention work aimed at recovering the more than a decade-old Obuba-mbara-Ozu Umunwanwa gully in the Umuahia South Local Government Area (LGA) of the state. Dr Christian Anokwuru, Special Adviser to Gov. Alex Otti, who hails from the area, explained that the gully posed a serious existential threat to the community, having washed away many houses and people’s livelihoods. Anokwuru spoke on Thursday, when he conducted newsmen around the gully site, currently undergoing reclamation work by the state government. He said that aside from destroying people’s houses,…
NEM Insurance Shareholders Approve N7.52bn Dividend for 2025 Shareholders of NEM Insurance Plc have approved a dividend payout of N1.50 per ordinary share, amounting to N7.52 billion for the 2025 financial year. The approval was granted at the company’s 56th Annual General Meeting (AGM) held on Thursday in Lagos. Speaking at the meeting, the Group Chairman of NEM, Mr Tope Smart, said the company recorded strong growth in gross premium income despite a decline in profit after tax caused by foreign exchange losses. According to him, the group’s gross premium income rose to N166.8 billion in 2025 from N110.7 billion…