October 23, 2024/BasiGo The capital raised by BasiGo combines $24 Million in Series A equity funding and $17.5 Million in debt. The Series A equity round has been led by Africa50 with co-investment from Novastar Ventures, CFAO Kenya, Mobility54, SBI Investment, Trucks VC, Moxxie Ventures, and Susquehanna Foundation. The equity […]
More News
Intraday Update: Nigerian Stocks Inch Up +0.07%, Buoyed by Blue Chips
October 23, 2024/InvestmentOne Update ASI as at 12.00pm: +0.07% Top Gainers and Losers: REGALINS (+9.62%), ABBEYBDS (+7.55%), NNFM (-9.93%) and CHAMPION (-6.10%). Sector Performances: Industrial (+0.01%), Oil & Gas (-0.02%), Consumer Goods (-0.02%) and Banking (-0.01%). Market activity: In today’s trade, total volume and value decreased by 74% and 86% respectively, […]
Nigeria Recorded a Higher Fiscal Deficit of N4.3trn in Q2 2024
October 22, 2024/FBNQuest Research A closer look at the Central Bank of Nigeria’s (CBN) Quarterly Statistical Bulletin (QSB) shows that the FGN’s fiscal deficit in Q2 2024 widened to about N4.3trn compared with deficits of N4.2trn and N2.6trn registered in Q1 2024 and the year-earlier period. Cumulatively, the FGN’s retained […]
