On Wednesday, 13 December, Alex Sienaertt, the World Bank’s lead economist for Nigeria, advised the Federal Government (FG) to increase pump prices from its current N650 to N750. The World Bank official suggested that current petrol prices in Nigeria may not fully align with market conditions as the observed prices deviate from what is expected … Read More “What are the long-term prospects of increased fuel prices in Nigeria?” »
Cardano (ADA) has hit a new yearly high of $0.66. The popular cryptocurrency has surged by over 10% in the last 24 hours and more than 77% over the previous month. ADA’s price remained stagnant for most of 2023. The token’s price took a hit in June after the US authorities filed lawsuits against Coinbase … Read More “Cardano (ADA) Rallies 77%, Hits Yearly High: Can It Hit $1 Next?” »
Image Credit: E4E Africa To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, … Read More “E4E Africa holds initial close for firm’s second venture fund” »
Debby Lawson, founder and COO of Fastizers, speaking during launch of the company’s Nibit brand. Debby Lawson, founder and COO of Fastizers, a Nigeria-based producer of cookies and snack foods, had not initially planned to start her own business. Her original goal was to build a career at a bank or in the oil industry. … Read More “A snack food company founded with 960 naira” »
Colossal statues of pharaohs on granite thrones adorn the great staircase at the Cairo’s new Grand Egyptian Museum, while a steel atrium soars above the building, engineered to draw in cooler air currents to ease the desert heat. The vast complex, which is sited close to the pyramids plateau in Giza, is nearing completion and … Read More “Treasures of ancient Egypt set to draw crowds at new Cairo museum” »
Stocks in Asia rose along with Treasuries as traders shrugged off warnings from policymakers seeking to rein in expectations for US interest-rate cuts. Benchmarks in Hong Kong, South Korea and Australia advanced following a rally on Wall Street on Tuesday, while gauges in China edged lower. Treasury 10-year yields slipped two basis points to 3.91%. … Read More “Asian stocks rise with treasuries on rate-cut bets: Markets wrap” »
A week into December, Lagos already buzzed with Christmas anticipation. Outside, carols mingled with the increased bustle of the city, reflecting the influx of holiday travellers drawn to the promise of a Detty December. Everyone was getting ready to wind it down for the year. Some are more excited than others. Including the enthusiastic staff … Read More “A CEO Christmas: What spreading holiday cheer is like for Douglas Kendyson of Selar” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “TLG Capital invests debt in Flow 48’s pre-series A round” »
Following its accepted invitation to join the BRICS, the United Arab Emirates (UAE) is reportedly seeking increased trade with China to become a “global player.” Specifically, both nations are poised to expand their cooperation through bilateral investments and cooperation to grow their presence in the Pacific Islands and Africa. Moreover, the report notes that trade … Read More “UAE & China to Increase Trade in Local Currencies” »
Dec 22, 2023 Pioneering Spirit and Oceanic vessels (Credit: Allseas) Allseas’ construction vessel Pioneering Spirit has started pipelaying work on BP’S ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal. Allseas’ offshore construction support vessel Oceanic kicked off the offshore campaign by safely landing the first structure in the … Read More “Pioneering Spirit Kicks Off Pipelay Ops for BP’s LNG Project” »
