Rise Africa

Global Equities Slide Amid Rising Middle East Unrest

11.03.2026

Global financial markets faced a seismic shock on Monday as the intensification of the conflict between the United States, Israel and Iran sent crude oil prices soaring above $120 per barrel. The violent escalation, which has targeted critical energy infrastructure and effectively halted transit through the Strait of Hormuz, has triggered a wave of risk...

Nigerian bank recapitalisation: Focus on structural resilien

10.03.2026

As the 31 March 2026 recapitalisation deadline for Nigerian banks enters its final stretch, a new directive from market analysts is shifting the conversation from simple regulatory survival to long-term competitive dominance. BusinessNG’s Banking Market Intelligence Unit has issued a fresh advisory, cautioning investors that the “binary” era of merely checking for Central Bank of...

93 Nigerians Arrested Over Internet Fraud In Ghana

10.03.2026

The Ghana Immigration Service (GIS), on Tuesday, confirmed the arrest of 93 Nigerians over alleged involvement in internet fraud and violations of immigration laws. This is contained in a press statement issued by the agency’s spokesperson, Anima Quainoo and made available to newsmen in Abuja. According to the statement, the arrest followed an intelligence–led raid...

FCMB Group meets CBN’s N500bn recapitalisation mandate

10.03.2026

FCMB Group Plc has officially announced the successful completion of the capital raise programme undertaken for its banking subsidiary, First City Monument Bank Limited. In a statement signed by the Group Chief Executive, Mr. Ladi Balogun, and sent to the Nigerian Exchange on Monday, the Group confirmed it has received all requisite approvals from the...

Fubara To Swear In Five Commissioners-Designate Wednesday

10.03.2026

The Governor of Rivers State, Siminalayi Fubara, will on Wednesday swear in five commissioners-designate screened and confirmed by the State House of Assembly. New Telegraph had earlier reported that Governor Fubara submitted a list of nine commissioner nominees to the State Assembly for screening and confirmation as the members of the State Executive Council (SEC)....

Your N300bn Loan Allegation, Attempt To Cover Up LG Fund Hijack

10.03.2026

Osun State Governor, Ademola Adeleke, on Tuesday said the All Progressives Congress (APC) is scheming to divert attention from what he described as its criminal hijacking of N250 billion belonging to Osun local governments by spreading what he called baseless rumours of an alleged plan by the state government to borrow N300 billion. Responding to...

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