Alexander Onukwue
8 article(s) here · 1 carrying a prediction
🔮 S&P Global Ratings downgraded Senegal’s long-term foreign currency rating, citing a high chance that the country will default on its debt following an agreement reached with the IMF for a $2.2 billion loan.
🔮 The company, whose 700,000 barrels-a-day oil plant is Africa’s largest, is set to raise about $1.6 billion.
🔮 The company, which began offering new cars to Nigerian Uber drivers five years ago with a payment plan tied to daily earnings, is set to leave the country as Uber’s shock exit makes its business untenable, a person with knowledge of the plans said.
🔮 The opposition African Democratic Congress said it will anchor its campaign on a promise to reinstate the multibillion-dollar program, whose removal three years ago drove up food and transportation prices to create a cost-of-living crisis that still persists in Africa’s most populous country.
🔮 After the flood of commentary set off by Uber’s seemingly abrupt exit, Nigerians will return to what they did in the previous instances of high-profile multinational departures: adapt to the substitute.
🔮 South African drugmaker Aspen Pharmacare said the rollout of its weight-loss drugs will help drive a 17% rise in earnings next year.
🔮 For his part, Tinubu has backed a law that will allow Nigerian states to set up their own police departments, and tasked a security committee with drafting a five-year “strategic defence operations plan.”
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