African markets and business updates

Nigerian equities extended their correction for a second straight week, with the benchmark NGX All-Share Index (ASI) declining 3,268.04 points, or 1.35%, to close at 239,351.16 points, down from 242,619.20 points the previous week, as broad-based weakness across banking, oil & gas, insurance, and growth stocks continued to weigh on the market.

The Nigerian Navy, under Operation DELTA SENTINEL, has dismantled three illegal refining sites in the Okolomade and Ogbogolo areas of Rivers State and recovered approximately 91,000 litres of suspected stolen crude oil.

Nigeria’s Ahavaplan is helping event planners run their businesses from one place. Founded by Christine Imoukhuede, Ahavaplan gives event planners a permanent link that clients use to reach them, a pipeline that tracks every inquiry from first contact to booking, invoicing and payment tracking that clients can see, and a portal where clients review proposals [...] Nigeria’s Ahavaplan is helping event planners run their businesses from one place.…

Fincantieri and Viking have signed contracts for the construction of two new cruise ships, extending their long-standing shipbuilding partnership. The vessels will be built at Fincantieri’s Ancona shipyard in Italy and are scheduled for delivery in 2032. The contracts follow Viking’s exercise of options announced in April 2025. The agreement remains subject to financing and […] Fincantieri and Viking have signed contracts for the construction of two new cruise ships , extending their long-standing shipbuilding partnership. The vessels will be built at Fincantieri’s Ancona shipyard in Italy and are scheduled for delivery in 2032 .…

Maersk has stopped accepting bookings that combine Shipper Owned Containers (SOC) with its inland services from Hungary to Far East Asia. The restriction takes effect immediately and covers destinations within the E2/E scope. Maersk introduced the measure because of limited inland network capacity. The carrier also needs to prioritise the repositioning of its own equipment. […] Maersk has stopped accepting bookings that combine Shipper Owned Containers (SOC) with its inland services from Hungary to Far East Asia. The restriction takes effect immediately and covers destinations within the E2/E scope. Maersk introduced the measure because of limited inland network capacity.…

Maersk has announced three blank sailings ahead of China’s Golden Week holiday period. The carrier expects cargo demand to decline during the holiday. It also anticipates reduced workforce availability for cargo operations. Maersk said it will introduce structural changes and alternative routings to limit disruption. The measures aim to improve supply chain predictability before, during […] Maersk has announced three blank sailings ahead of China’s Golden Week holiday period. The carrier expects cargo demand to decline during the holiday. It also anticipates reduced workforce availability for cargo operations.…

MSC has announced new Freight All Kinds (FAK) rates from the Far East to Sub-Saharan Africa and the Indian Ocean. The rates will apply from 1 September to 14 September 2026. The origin scope covers all Far East ports, including ports in Japan, Korea and Southeast Asia. New MSC FAK rates All amounts are in […] MSC has announced new Freight All Kinds (FAK) rates from the Far East to Sub-Saharan Africa and the Indian Ocean. The rates will apply from 1 September to 14 September 2026. The origin scope covers all Far East ports, including ports in Japan, Korea and Southeast Asia. New MSC FAK rates All amounts are in US dollars.…

DP World has announced the opening of a new 11,514 square metre dedicated warehouse in Johor, Malaysia, located within the Johor-Singapore Special Economic Zone, marking the latest milestone in the expansion of its integrated contract logistics network across Southeast Asia. The facility is the first of two planned warehouses in Malaysia, with a second location […] DP World has announced the opening of a new 11,514 square metre dedicated warehouse in Johor, Malaysia, located within the Johor-Singapore Special Economic Zone, marking the latest milestone in the expansion of its integrated contract logistics network across Southeast Asia.…

Ms Moses said the moment reinforced her belief that ideas, initiative, and the courage to speak up can create an impact, regardless of one's career stage.

Canada has ended its latest trade negotiations with the United States and will impose dollar-for-dollar tariffs on U.S. goods in response to new American duties on Canadian products.