Africa Top NewsMarket Oil prices rise to their highest levels in 2 months as China loosens its COVID curbs Akudo AbengoweMay 30, 2022May 30, 2022 Crude oil prices on Monday climbed to their highest levels since March, as European Union diplomats scrambled to seal a... Read More
Market Twitter jumps 4.5% after Elon Musk puts up another $6.25 billion of his own wealth to fund the takeover deal Akudo AbengoweMay 27, 2022May 27, 2022 Twitter stocks rose by around 4.5% as markets opened Thursday after Elon Musk fronted more of his own wealth to fund his... Read More
Market Amazon shareholders approve $212M payout to CEO Jassy, reject worker safety, climate initiatives Akudo AbengoweMay 27, 2022May 27, 2022 Amazon shareholders have agreed to CEO Andy Jassy’s $214 million package but rejected all 15 investor-led proposals that demanded the... Read More
Africa Top NewsMarket Africa Union Chairman Macky Sall says he’ll visit Russia and Ukraine to lobby for an end to blockade on essential grain exports to Africa Akudo AbengoweMay 26, 2022May 26, 2022 President Macky Sally of Senegal, who also serves as Chairman of the African Union (AU), said he would be visiting... Read More
MarketTechnologyWest Africa Nigerians made $274.6 billion worth of e-payments in the first 4 months of 2022 Akudo AbengoweMay 24, 2022May 25, 2022 Between January and April 2022, Nigerians performed N114.8 trillion ($274.6 billion) worth of electronic transactions. This is according to latest... Read More
JuneMarketWest Africa FALL OF THE GHANAIN CEDI AND WAY FORWARD Akudo AbengoweMay 21, 2022May 21, 2022 Is the Ghanaian Cedi on a free-fall? Some seems to think so. According Bloomberg, the Ghanaian Cedi is the worst... Read More
MarketWest Africa TotalEnergies is selling off its 10% stake in 13 Nigerian onshore oilfields Akudo AbengoweMay 18, 2022May 18, 2022 It’s been confirmed that TotalEnergies SE is now among the top international oil companies divesting their stakes from Nigeria’s onshore... Read More
MarketWest Africa Weak Naira, rising food prices drag Nigeria’s inflation rate for April to 16.82% Akudo AbengoweMay 17, 2022May 17, 2022 Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira... Read More
BillionairesMarketWest Africa Nigerian billionaire and Chairman of Zinox Group, Leo Stan Ekeh, might be planning a takeover bid for Jumia. Akudo AbengoweMay 12, 2022May 12, 2022 A source with insider knowledge of the situation told Nairametrics, a Lagos-based business publication, that the businessman “is replicating the... Read More
MarketSouthern Africa Zimbabwe has suspended banks from lending money to private companies and government agencies Akudo AbengoweMay 11, 2022May 11, 2022 On Saturday, the President of Zimbabwe, Emmerson Mnangagwa, issued an executive order that banks should stop extending loans following the... Read More