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Day: November 21, 2023

Nigeria and Germany Explore Investment Opportunities in Power and Rail Sectors
Local

Nigeria and Germany Explore Investment Opportunities in Power and Rail Sectors

President Bola Tinubu recently engaged in discussions with German Federal Chancellor Olaf Scholz during the G20 Compact with Africa Economic…

byEkeminiNovember 21, 2023November 21, 2023
Allegations of Misappropriation: Nigerian Lottery Trust Fund Faces Scrutiny by House of Representatives Committee
Local

Allegations of Misappropriation: Nigerian Lottery Trust Fund Faces Scrutiny by House of Representatives Committee

The House of Representatives Committee on Finance is currently conducting a status enquiry into the National Lottery Trust Fund (NLTF)…

byEkeminiNovember 21, 2023November 21, 2023
Unraveling Turmoil: A Timeline of Sam Altman’s Departure from OpenAI
Technology

Unraveling Turmoil: A Timeline of Sam Altman’s Departure from OpenAI

In a startling sequence of events, Sam Altman, the former president of Y Combinator and CEO of OpenAI, was fired…

byEkeminiNovember 21, 2023November 21, 2023
Strategic Investment in Consumer Profile Bureau by 1K Africa and Ascension Capital
Africa

Strategic Investment in Consumer Profile Bureau by 1K Africa and Ascension Capital

1K Africa and Ascension Capital have jointly announced a strategic investment in Consumer Profile Bureau (CPB), a prominent South African…

byEkeminiNovember 21, 2023November 21, 2023
Namibia Infrastructure Development Fund Invests in Lightstruck Holdings to Expand Last-Mile Fibre Networks
Business

Namibia Infrastructure Development Fund Invests in Lightstruck Holdings to Expand Last-Mile Fibre Networks

The Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, has made a significant minority stake investment in…

byEkeminiNovember 21, 2023November 21, 2023
Cipla Quality Chemicals Sees Investor Interest Amidst Takeover Approval
Business

Cipla Quality Chemicals Sees Investor Interest Amidst Takeover Approval

The recent approval of the takeover of Cipla Quality Chemicals Ltd by the Common Market for Eastern and Southern Africa…

byEkeminiNovember 21, 2023November 21, 2023
CSquared Secures $25 Million Investment to Fuel Broadband Infrastructure Expansion in Africa
Africa

CSquared Secures $25 Million Investment to Fuel Broadband Infrastructure Expansion in Africa

Pan-African technology company CSquared Link Holdings (Mauritius) Limited has announced a new equity investment of $25 million to accelerate the…

byEkeminiNovember 21, 2023November 21, 2023
Nigeria Seals $2.2 Billion Solar PV Deal with Sun Africa for Renewable Energy Infrastructure
Local

Nigeria Seals $2.2 Billion Solar PV Deal with Sun Africa for Renewable Energy Infrastructure

The Nigerian federal government, through the Ministry of Power, has finalized a $2.2 billion solar PV deal with Sun Africa,…

byEkeminiNovember 21, 2023November 21, 2023
Escalating Drug Prices in Nigeria Following GlaxoSmithKline’s Exit: A Crisis Unfolding
Local

Escalating Drug Prices in Nigeria Following GlaxoSmithKline’s Exit: A Crisis Unfolding

The departure of GlaxoSmithKline (GSK) from Nigeria has triggered a severe healthcare crisis, leading to a surge in drug prices.…

byEkeminiNovember 21, 2023November 21, 2023
Nigeria Witnesses Surge in Federation Account Revenue After Fuel Subsidy Removal
Local

Nigeria Witnesses Surge in Federation Account Revenue After Fuel Subsidy Removal

Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has reported a significant increase in the Federation…

byEkeminiNovember 21, 2023November 21, 2023
Oil Prices Surge Amid Anticipation of OPEC+ Production Cuts
Commodities

Oil Prices Surge Amid Anticipation of OPEC+ Production Cuts

Oil prices experienced a significant surge this week as expectations grew that the Organization of Petroleum Exporting Countries (OPEC) and…

byEkeminiNovember 21, 2023November 21, 2023
Central Bank of Nigeria Delays Monetary Policy Meeting Amid Forex Backlog
Local

Central Bank of Nigeria Delays Monetary Policy Meeting Amid Forex Backlog

The Central Bank of Nigeria (CBN) has deferred its Monetary Policy Committee (MPC) meeting for the second time since the…

byEkeminiNovember 21, 2023November 21, 2023

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