Goldman Sachs Raises Brent Crude Forecast to $100, Poses Economic Challenges for Nigeria
Goldman Sachs has revised its 12-month ahead forecast for Brent Crude oil prices, projecting $100 per barrel, up from the…
Day: September 21, 2023
Aliko Dangote Clarifies NNPC’s Support for Refinery Project, Pledges to Utilize Nigerian Crude for Operations
Aliko Dangote, President of the Dangote Group, has addressed misconceptions regarding crude oil supply to his 650,000 barrels per day…
U.S. Federal Reserve Maintains Interest Rates, Cautious Amidst Rising Oil Prices
The U.S. Federal Reserve has opted to keep interest rates steady for September, signaling a potential shift in the pace…
Google Faces Lawsuit Over Alleged Failure to Update Maps Leading to Tragic Accident
The family of Philip Paxson, a US man who tragically lost his life after driving off a collapsed bridge, is…
Ivorian E-commerce Startup Anka Raises $5 Million in Pre-Series A Extension Round
Anka, an Ivorian e-commerce company that has a substantial presence in Nigeria and Kenya, has secured $5 million in a…
Amazon’s Alexa Upgraded with More Natural, Emotionally Responsive Voice
Amazon’s voice assistant, Alexa, is set to receive a significant upgrade with a more natural-sounding voice and enhanced emotional responsiveness.…
Naira Devaluation Boosts Crypto Transactions to $56.7 Billion Despite CBN Ban
A report by Chainalysis reveals that the devaluation of the Naira in 2022 led to a year-on-year surge in crypto…
Nigerian Electricity Regulatory Commission Orders DisCos to Reimburse Meter Acquisition Costs
The Nigerian Electricity Regulatory Commission (NERC) has mandated electricity distribution companies (DisCos) to refund customers who have paid for the…
Fidson Healthcare Reports Strong Financial Performance in 2022, Declares Increased Dividend
Fidson Healthcare Plc, an indigenous pharmaceutical manufacturer, has posted impressive financial results for the year 2022. The company reported a…
Central Bank of Nigeria Introduces Online Platform for Microfinance Bank License Applications
The Central Bank of Nigeria (CBN) has introduced the CBN Licensing, Approval and Other Requests Portal (CBN LARP) to streamline…
Delisting of Major Companies to Reduce NGX Capitalization by Over N205 Billion
The planned delisting of prominent companies including GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc, Coronation Insurance Plc, and Capital…
Nigerian Equities Market Records Slight Decline, Losing N13 Billion
Nigeria’s stock market experienced a marginal dip, with a 0.03% decrease equivalent to N13 billion in market capitalization at the…