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.…
Naira’s Struggle Persists Despite Increased Liquidity: Market Insights. The Nigerian naira is grappling with challenges as it hovers near its all-time low, despite a boost in liquidity from a $2.2 billion facility provided by the African Import Export Bank…
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…
Importance of Solar Panel and Systems in Nigeria Homes in 2024. In Nigeria, the abundant and consistent sunshine presents an excellent opportunity for homeowners to embrace solar energy solutions as a reliable and cost-effective alternative to traditional electricity sources.…
Here is everything you should know about solar panel efficiency. In recent times, solar energy has garnered substantial interest as an environmentally friendly electricity source that not only contributes to sustainability but also aids in reducing electric bills. Homeowners…
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…
The Central Bank of Nigeria’s (CBN) latest money and credit statistics indicate a notable upswing in the amount of currency in circulation (CIC), showing an increase of approximately N890 billion between September 2023 and December 2023. This surge, observed during…