Standard Bank Eyes Stake in OPay Ahead of US IPO
OPay had appointed Citigroup, Deutsche Bank, and JPMorgan Chase to work on its planned US IPO, with the company targeting a valuation of about $4 billion.
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U.S Takes Over The Strait of Hormuz from Iran
The Strait of Hormuz, which handled about a fifth of the world’s crude oil and gas before the war, has become the central flashpoint between the U.S. and Iran since February.
Manufacturing Under Democracy: A Story of Resilience Amid Structural Adversity, by Muda Yusuf
Executive orders promoting local content should move beyond rhetoric and become enforceable instruments of industrial policy.
Naira to Dollar exchange rate May 27
Conversely, activity in the unofficial parallel market, commonly referred to as the black market, mirrored the stability seen in the official window. Street traders in major currency hubs, including Lagos and Abuja, are buying the greenback at an average rate of 1,410 Naira and selling between 1,420 Naira and 1,425 Naira per Dollar.
The companies making billions from the Iran war, by BBC
Some of the biggest banks have also seen their profits boosted during the war in Iran.
Egypt raises natural gas prices for industries amid volatile energy prices
• A gas filing station / Reuters image Egypt has raised natural gas prices for several energy-intensive industries starting in May, according to a prime ministerial decree published on Sunday. Reuters reported that the government has already raised domestic fuel prices by up to 17% in March in response to soaring global energy costs, and…
Why Influence, Not Authority, Drives Product Marketing Success
By Oluwafunminire ‘ Nire’ Adetimehin Product marketing is one of the few roles in tech where you are accountable for outcomes you do not directly control. “In this environment, being influential is more than a soft skill; it is a currency you must trade with.” A product marketing manager’s output is a dependent variable, meaning…
UK Govt Launches Fund to Boost Nigeria’s Creative Industry
The UK-Nigeria Technology Hub has launched its Creative Fund, a first‑phase grants initiative designed to address critical technical capacity gaps across Nigeria’s film, fashion, and music industries. The fund will support the development of local digital production capacity, encourage the adoption of modern creative technologies, and promote the responsible use of Artificial Intelligence (AI), to…
Nnaji: Nigeria Has Not Financed Construction of Any Major Power Plant for 11 Years
“Nigeria has not financed any major power generating plant in 11 years after government scrapped key risk guarantees that once attracted global investors.” That’s the Chairman of Geometric Power Group, Prof. Barth Nnaji. Nnaji stated this Monday in Lagos at the ongoing 19th Annual Conference of the Nigerian Association for Energy Economics (NAEE), under the…
CBN launches NOFR to deepen money market
The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. The disclosure was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According…