SEC Issues Warning on High Risks of Investing in Davido Coin

SEC Issues Warning on High Risks of Investing in Davido Coin

SEC Issues Warning on High Risks of Investing in Davido Coin – The U.S. Securities and Exchange Commission (SEC) has recently issued a cautionary statement regarding the investment in Davido Coin. This new cryptocurrency has generated significant buzz in the financial markets. However, the SEC’s warning serves as a crucial reminder of the inherent risks…

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Manufacturers Identify FX, Power, and Inflation as Leading Challenges in Q1'24

Manufacturers Identify FX’ Power and Inflation as Leading Challenges in Q1’24

Manufacturers Identify FX, Power, and Inflation as Leading Challenges in Q1’24 – In the first quarter of 2024, manufacturers are grappling with significant challenges. Notably, foreign exchange (FX) fluctuations, power supply issues, and inflation are their primary concerns. These issues are affecting operations and strategic planning. This post explores these challenges in detail and their…

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Oando Achieves N74.7bn Profit-After-Tax with a 71% Increase in Turnover in 2023

Oando N74.7bn Profit-After-Tax 2023

Oando N74.7bn Profit-After-Tax 2023 – Oando PLC, one of Nigeria’s leading energy companies, recently announced a significant financial milestone. In 2023, the company recorded a Profit-After-Tax (PAT) of N74.7 billion. This impressive result coincided with a 71% increase in turnover, highlighting Oando’s robust performance. Background on Oando PLC Oando PLC is a major player in…

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Budgit rates Tinubu poorly regarding fiscal transparency.

Budgit rates Tinubu poorly regarding fiscal transparency.

Budgit rates Tinubu poorly regarding fiscal transparency – In a recent report, Budgit scored Tinubu’s administration low in fiscal transparency. This assessment has sparked widespread debate. Consequently, it raises significant concerns about the administration’s commitment to open governance. Budgit rates Tinubu poorly regarding fiscal transparency – Firstly, transparency in governance is crucial for public trust….

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The FCCPC Survey: Impacts and Insights on Rising Food Prices

The FCCPC Survey: Impacts and Insights on Rising Food Prices

The FCCPC Survey: Impacts and Insights on Rising Food Prices – The Federal Competition and Consumer Protection Commission (FCCPC) recently released a survey. It links rising food prices to growing insecurity and the removal of subsidies. This survey highlights several key factors affecting the Nigerian economy. Hence, understanding these factors is crucial for grasping the…

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Afenifere Urges FG to End Economic Mismanagement

Afenifere Urges FG to End Economic Mismanagement

Afenifere Urges FG to End Economic Mismanagement – Afenifere, a prominent socio-political group in Nigeria, has recently addressed the federal government. They have called for an immediate end to economic mismanagement. This call comes amid rising concerns about the country’s economic direction. Increasing poverty levels and unemployment rates are primary points of contention. Initially, Afenifere…

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Discos Monthly Revenue Rises by N5bn Amid Outage

Discos Monthly Revenue Rises by N5bn Amid Outage

Discos Monthly Revenue Rises by N5bn Amid Outage – Despite recent power outages, distribution companies (Discos) in Nigeria have reported a significant increase in revenue. According to recent reports, their monthly revenue has risen by N5 billion. This surprising development has sparked discussions and raised questions within the energy sector. Initially, one might assume that…

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