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Floki Inu Promises 'To Go Mainstream In Nigeria'
Thursday, November 18, 2021 - 4:00pm | 430Floki Inu (CRYPTO: FLOKI) — a memecoin challenging the dominance of Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) — promised its followers it would "go mainstream in Nigeria." What Happened: In a Thursday announcement, Floki Inu...
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Nigeria Set To Lunch A National Digital Currency On Monday
Sunday, October 24, 2021 - 5:22pm | 391After a delay of several weeks, the Central Bank of Nigeria is launching a digital currency that will complement the country’s physical money. What Happened: The launch of the eNaira was originally planned for Oct. 1 to Oct. 4 but was delayed due to the celebration of the 61st anniversary of...
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Fintech Focus For December 2, 2020
Tuesday, December 1, 2020 - 7:02pm | 2069Quote To Start The Day: It’s possible to transcend anything that doesn’t kill you. Source: David Goggins One Big Thing In Fintech: The digitization of financial markets in Africa will continue to accelerate as local investors seek diversified access to higher-yield financial products....
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Citron Explains Change Of Heart On Jumia Technologies, $100 Price Target
Monday, October 26, 2020 - 5:07pm | 523Citron Research has gone from bearish to bullish on Jumia Technologies, a Berlin-based e-commerce company operating in Africa. The Citron Bullish Case: Citron Research flagged problems at Jumia Technologies (NYSE: JMIA) in May 2019 that it said included financial discrepancies,...
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Jumia's Stock Surges To Close The Week After Citron Turn
Friday, October 16, 2020 - 3:39pm | 403Shares of the African e-commerce company are up sharply Friday. About Jumia: Jumia Technologies (NYSE: JMIA) is an e-commerce company in Africa with operations in 11 countries in the continent. The company operates its Jumia Logistics and Jumia Pay businesses and also recently launched gaming...
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Competing Monetary Policy Goals Plague This Frontier ETF
Friday, August 23, 2019 - 11:42am | 530For those not keeping track, Nigerian stocks are getting punished this year. The Global X MSCI Nigeria ETF (NYSE: NGE), the lone exchange traded fund dedicated to stocks in Africa's second-largest economy, is lower by 20.46% year to date. By comparison, the MSCI Frontier Markets 100 Index, in...
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Uber Boat Launch In Nigeria Suggests Water Taxis May Be Next Big Thing In Mobility Services
Thursday, June 27, 2019 - 4:16pm | 325Uber Technologies Inc (NYSE: UBER) is in talks with the Lagos state government and regulatory authorities to start Uber Boats services on its waterways, Bloomberg reported today. Uber's water service division, which started operating in Mumbai this past winter, points to broader interest in using...
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Is The OPEC Deal Falling Apart?
Thursday, July 13, 2017 - 9:43am | 392OPEC members teamed up with other energy giants like Russia to collectively lower their output in 2016 to help support oil prices. The agreement was extended in June of 2017, but now there is ample evidence to suggest the deal is falling apart. Countries including Libya and Nigeria were exempt from...
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3 Factors Impacting Oil As Price Marks 7-Month Low
Tuesday, June 20, 2017 - 12:38pm | 502Oil prices fell to seven-month lows on Tuesday, with Brent Crude falling to $45.62 a barrel. Several oil ETFs were trading 3–7 percent lower in Tuesday’s pre-market session on the news, including United States Oil Fund LP (ETF) (NYSE: USO), which fell to its lowest since February 16,...
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The Challenges Of Conducting Business In Africa: 'We Are Facing Global Competition For Talent'
Sunday, March 5, 2017 - 2:51pm | 1504Conducting business in Africa is usually not a simple endeavor. And, while it is true that each country and each region’s economy is very different from the next, a few things can be said about the continent as a whole and the challenges of conducting business there. Wondering what these...
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Why Most African Companies Are Not Listed On The NYSE Or Nasdaq: It's All About Valuations
Monday, February 27, 2017 - 10:27am | 1410Africa is a very diverse continent, and so are its countries’ economies. However, they have one thing in common: growth is still ahead of them. Another interesting thing to notice is that companies there serve millions of customers, largely due to the fact that penetration of U.S.-based...
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Exxon's Owowo Find Could Satiate World's Oil Needs For Over A Week
Friday, October 28, 2016 - 2:15pm | 268Exxon Mobil Corporation (NYSE: XOM) may have struck liquid gold as the company announced a significant oil discovery near the coast of Nigeria. Exxon said that the Owowo field located in offshore Nigeria has a potential recoverable resource of 500 million to 1 billion barrels of oil. How Big Is It...
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The 5 Biggest Oil Fields In Conflict Zones
Friday, October 28, 2016 - 1:18pm | 491This week, Exxon Mobil Corporation (NYSE: XOM) reported the discovery of a massive new oilfield in offshore Nigeria that could contain up to one billion barrels of oil. On the surface, the Owowo discovery seems like great news for Exxon and its shareholders, but a number of market analysts have...
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ExxonMobil's Massive Nigerian Oil Field Discovery Will Be Delayed By Regional Conflicts
Thursday, October 27, 2016 - 12:17pm | 264Exxon Mobil Corporation (NYSE: XOM) announced a significant oil discovery off the coast of Nigeria. Exxon Mobil said in a press release that the Owowo field in offshore Nigeria could contain between 500 million and one billion barrels of oil. The company expanded that the Owowo-3 well...
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More Bad News For The Nigeria ETF
Friday, September 30, 2016 - 12:50pm | 517Things just keep getting worse for the Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)), the lone exchange-traded fund dedicated to Nigerian stocks. Inflation, Currency Woes Weigh On Nigeria As has been previously noted in this space, NGE has been struggling this year even as oil prices and...