Samuel Nwite
AUTHOR: Samuel Nwite
OpenAI Set for $6bn Stock Sale at $500bn Valuation
OpenAI is reportedly in the market again, seeking to raise funds through stock that will see its valuation hit new level, according to Bloomberg.
At...
Nigeria’s Inflation Slows Slightly to 21.88% in July — Prices Remain High Despite Downtrend
Nigeria’s headline inflation rate eased marginally to 21.88% in July 2025 from 22.22% in June, according to the latest data from the National Bureau...
Nedbank Sells 21.22% Stake in Ecobank to Bosquet Investments, Ending 17-Year Shareholding
Business circles across Africa are viewing Nedbank Group’s decision to sell its 21.22% stake in Ecobank Transnational Incorporated (ETI) as a natural evolution in...
Oando Completes First Phase of 679.3m Share Distribution to Boost Shareholder Value
In Nigeria’s oil sector, Oando Plc, an indigenous energy giant, is making headlines with a major shareholder reward initiative. The company has completed the...
NCC Attributes Nigeria’s Telecom Sector’s $1bn Investment Boost to Market-Driven Pricing
Business leaders in Nigeria’s telecom industry say the government’s recent shift back to market-driven pricing is one of the most decisive steps taken in...