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Mitsubishi’s Stock Surges on $3.4 Billion Buyback Endorsed by Warren Buffett. Mitsubishi witnessed an unprecedented surge in its shares on Wednesday, reaching an all-time high, after revealing a substantial buyback plan of $3.4 billion, supported by Warren Buffett. In…
EFCC Initiates Measures to Combat Currency Mutilation and Dollarization, Protecting Economic Stability. The Economic and Financial Crimes Commission (EFCC) has taken decisive action to clamp down on currency mutilation and the dollarization trend in Nigeria’s economy. Announced via the…
Benin Republic raises $750 million in first-ever dollar bonds as demand hit $5 billion. In a historic move, the Benin Republic has successfully raised $750 million through its inaugural dollar-denominated bond issuance, marking a significant achievement in the country’s…
Nigeria’s Growing Interest in USDT Reflects High Demand for Dollars. Nigeria’s increasing fascination with cryptocurrency assets is strongly linked to its high demand for US dollars, a trend underscored by the surging interest in stablecoins, as indicated by Google…
Klas: Nigerian Ed-Tech Startup Raises $1 Million in Pre-Seed Funding. In a significant development for Nigeria’s education technology sector, Klas, an innovative ed-tech startup, has successfully secured $1 million in pre-seed funding. This injection of capital is poised to…
Elon Musk’s Net Worth Declines as Tesla’s Market Cap Drops $30 Billion: What You Need to Know. In 2024, Elon Musk, the renowned billionaire, is experiencing a downturn in his fortunes as Tesla’s market capitalization plunges by $30 billion.…
World Bank Report: Global Food Prices Remain High – Key Insights and Solutions. The most recent Food Security Update report by the World Bank, unveiled on Tuesday, underscores the persistent high inflation in food prices globally, spanning low, middle,…
Multichoice Rejects Canal+’s $2.5 Billion Acquisition Bid, Citing Undervaluation Pan-African Pay-TV giant, Multichoice, recently declined a $2.5 billion acquisition proposal from French media firm Canal+, citing concerns of undervaluation. The decision was communicated to shareholders through a notice on Monday.…
Central Bank of Nigeria Clarifies $2.4 Billion Forex Backlog Status and Future Steps. The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, recently addressed the status of a $2.4 billion foreign exchange (FX) backlog, emphasizing that it is not…
Femi Gbajabiamila, Chief of Staff to President Bola Tinubu, has given Nigerians optimism about the imminent benefits of the fuel subsidy removal. Gbajabiamila shared this positive update after participating in the House of Representatives by-election in Surulere, Lagos State. In…
