Business Analysis
Ethiopia to List 10% Stake in Ethio Telecom on New Stock Exchange
Stock Market Telecom

Ethiopia to List 10% Stake in Ethio Telecom on New Stock Exchange

Ethiopia is set to make a historic move by listing a 10% stake in Ethio Telecom, the state-owned telecommunications company, on the country’s newly established stock exchange. This significant step forms part of Ethiopia’s broader economic reforms under Prime Minister Abiy Ahmed’s administration, aimed at encouraging private sector participation in key industries. Ethio Telecom, which […]

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First Bank Surges by 30% After FBNQuest Sale: A Strategic Play for Growth and Market Stability
Finance Stock Market

First Bank Surges by 30% After FBNQuest Sale: A Strategic Play for Growth and Market Stability

First Bank of Nigeria is riding high in the stock market, recording a sharp 31.81% increase in its share price in mid-September. This rally was sparked by the bank’s announcement of the 100% sale of its stake in FBNQuest Merchant Bank to EverQuest. But beyond the surface of this transaction lies a deeper story about […]

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Business Analysis Business News

Economic Challenges Weaken Nigeria’s Manufacturing Sector: Contribution to GDP Falls by 20.95%

Nigeria’s manufacturing sector has faced significant economic Economic Challenges Weaken Nigeria’s Manufacturing Sector: Contribution to GDP Falls by 20.95%challenges in recent times, as evidenced by a notable decline in its contribution to the Gross Domestic Product (GDP). According to data from the National Bureau of Statistics (NBS), the sector’s contribution dropped by 20.95% in the […]

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MTN Group’s stock performance chart showing a 3.94% increase on September 5, 2024.
Business News Stock Market

MTN Group’s Stock Surges 3.94% on JSE

MTN Group (JSE: MTNJ) has once again proven its resilience in the telecom market with an impressive 3.94% rise in its stock price, closing at 8758 ZAR on the Johannesburg Stock Exchange. With over 4.68 million shares traded on September 5th, MTN continues to capture the attention of both institutional and retail investors. But what’s […]

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Oando Becomes Nigeria's First Indigenous International Oil Company as its Valuation Hits $4 Billion
Business Stock Market

Oando’s Historic 1286% Stock Increase: Now in N1 Trillion Market Cap League

In a year marked by significant fluctuations in the global energy markets, Oando Plc has achieved a remarkable milestone on the Nigerian Exchange Limited (NGX). The company’s share price soared by an incredible 1,286% between September 4, 2023, and September 2, 2024, pushing Oando into the elite N1 trillion market capitalization league for the first […]

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Business Analysis

Iroko TV: How a Beloved Streaming Titan went from Favourites to Playing Catch-up

In 2011, Iroko TV emerged as a groundbreaking platform, offering a vast array of Nigerian and Ghanaian movies and TV shows for online streaming. Founded by Jason Njoku and Bastian Gotter, the platform quickly became one of Africa’s first mainstream online movie streaming websites, earning the title “Netflix of Africa.” With over 5,000 Nollywood film […]

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