Business

MRV Sells Last US Project, Cuts Debt by US$141 Million

MRV Sells Last US Project, Cuts Debt by US$141 Million

MRV&Co is selling its Resia Memorial project in Atlanta and five land plots for US$170 million, a key step in its US exit. The deal cuts debt by US$141 million, adding to the US$290 million total from Resia sales this year. The post MRV…

CMN Sets 30% Bank Share for Desenrola Adimplentes

CMN Sets 30% Bank Share for Desenrola Adimplentes

Brazil's CMN standardises the 30% bank contribution in Desenrola Adimplentes, a credit line for informal workers with short arrears, balancing risk with Union funds. The post CMN Sets 30% Bank Share for Desenrola Adimplentes appeared first…

The Punch

Delta gov felicitates APC national chairman, Yilwatda, at 58

Delta State Governor, Sheriff Oborevwori, felicitates APC National Chairman, Prof. Nentawe Yilwatda, on his 58th birthday, praising his service to Nigeria. Read More…

The Punch

Brazil Gas: ANP Opens Plan to Break Petrobras Grip

Brazil Gas: ANP Opens Plan to Break Petrobras Grip

ANP approved a 45-day consultation to force Petrobras to sell gas to rivals, aiming to cut prices. Petrobras opposes, citing investments. The post Brazil Gas: ANP Opens Plan to Break Petrobras Grip appeared first on The Rio Times .

Mataripe Buyback Talks Stall as Petrobras Presses On With Refining Plans

Mataripe Buyback Talks Stall as Petrobras Presses On With Refining Plans

Petrobras’s message to Acelen is clear: we don’t need Mataripe. With talks stalled and the company’s refining expansion plans intact, the buyback now hinges on price, not strategy. The post Mataripe Buyback Talks Stall as Petrobras Presses…

Caixa Seguridade Q2 Profit Hits US$216 Million

Caixa Seguridade Q2 Profit Hits US$216 Million

Caixa Seguridade Q2 2026 net profit reached R$1.1 billion and the board declared a dividend with ex-date 4 August and payment on 17 August. The post Caixa Seguridade Q2 Profit Hits US$216 Million appeared first on The Rio Times .

Auren Q2 Loss Narrows 33% to US$75 Million

Auren Q2 Loss Narrows 33% to US$75 Million

Auren Energia (AURE3) posted a R$379.1 million net loss in Q2 2026, a 32.7% year-on-year improvement. Key drivers include hydrology gains and AES integration. The post Auren Q2 Loss Narrows 33% to US$75 Million appeared first on The Rio…

Kenya Mandates US$50,000 Travel Health Insurance for Foreign Visitors via eTA

Kenya Mandates US$50,000 Travel Health Insurance for Foreign Visitors via eTA

Kenya · POLICY Key Facts —Minimum cover: Foreign visitors staying under 12 months must hold travel health insurance with a cumulative minimum cover of US$50,000, as set out in Gazette Notice No. 11492 dated 30 July 2026. —Benefit…

BB Seguridade Profit Dips 4%, US$757m Dividend

BB Seguridade Profit Dips 4%, US$757m Dividend

BB Seguridade reported a 4% drop in net profit for Q2 2026 and approved a dividend of R$3.85 billion payable on 3 September 2026. The post BB Seguridade Profit Dips 4%, US$757m Dividend appeared first on The Rio Times .

Nigeria’s NGX market value could reach N230 trillion by end of 2026, says CEO

Nigeria’s NGX market value could reach N230 trillion by end of 2026, says CEO

Nigeria · MARKETS Key Facts —Market capitalisation target: Nigerian Exchange Group CEO Temi Popoola said the equity market could reach N230 trillion by the end of 2026. —Starting point: When President Bola Tinubu took office in May 2023…

Petrobras Targets Full Diesel Self-Sufficiency by 2031

Petrobras Targets Full Diesel Self-Sufficiency by 2031

Petrobras's next business plan will target full diesel self-sufficiency by 2031, up from 85% today. That could stabilise fuel prices and strengthen Brazil's trade balance. The post Petrobras Targets Full Diesel Self-Sufficiency by 2031…

Engie Brasil Q2 Profit Jumps to US$374 Million

Engie Brasil Q2 Profit Jumps to US$374 Million

Brazilian power generator Engie Brasil Energia posted a 246% rise in net income to R$1.9 billion in Q2 2026, driven by a one-off renegotiation gain, and approved a R$770.8 million dividend. The post Engie Brasil Q2 Profit Jumps to US$374…