Nigerian energy company Oando has successfully completed its acquisition of the Eni subsidiary, doubling the company’s stake in four Oil Mining Licenses (OMLs) and boosting total reserves to one billion barrels of oil equivalent August 26, 2024/AEC Nigerian energy company Oando PLC has successfully completed its acquisition of 100% of […]
Author: InvestAdvocate
Baobab Nigeria’s Jollof+ App Hits ₦1.3 Billion in Savings Within 64 Days of Launch
August 26, 2024/Baobab Nigeria Baobab Nigeria’s recently launched savings app, Jollof+, has achieved a significant milestone, attracting over ₦1.3 billion in savings just 64 days’ post-launch. This achievement highlights Jollof+’s crucial role in promoting financial security for Nigerians amid rising inflation. Launched in May 2024, Jollof+ is a product of […]
Nigeria’s Economy Maintains Growth Trajectory as GDP Grew by 3.19% y/y in Q2-24
August 26, 2024/Cordros Update Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q2-24, as the real GDP grew by 3.19% y/y (Q1-24: +2.98% y/y | Q2-23: +2.51% y/y). The growth outturn is 61bps and 1bp lower than Cordros’ […]
