₦airaland Forum

Angelique Kidjo, is a Five-time Grammy Award winner. But is that all there is to the multi-talented Beninese musician. I guess not.



There is so much amazing things you didn't know about her.



Click the link below to find out more :



https://businesselitesafrica.com/10-amazing-facts-about-5-time-grammy-award-winner-angelique-kidjo/

Most foreign countries have increased their trade rate with Africa, with European Union (EU) countries taking the lead, followed by China. The percentage of growth is superior to that of other developing regions, such as Latin America. However, for a long time, imports have outnumbered exports, resulting in massive trade deficits in most African countries.


The surge in demand for primary commodities during World War II and the immediate postwar reconstruction period is typically credited with the substantial growth in African exports.


#china #growth #africa #europeanunion #latinamerica



https://businesselitesafrica.com/top-5-countries-that-trade-the-most-with-africa/

Real estate investment is one of the most common strategies to generate consistent income in Nigeria. Investing in real estate provides numerous opportunities to build wealth and gain financial freedom.

About 90% of the world’s millionaires have made their fortunes through investing in real estate over the last 200 years. Four African businessmen with large real estate holdings of at least one billion dollars, Miloud Chaabi from Morocco, Sudhir Ruparelia from Uganda, Samih Sawiris from Egypt and Anas Sefrioui from Morocco.

#realestate #nigeria #opportunities #realestateinvestment #egypt #investing



https://businesselitesafrica.com/4-real-estate-investment-platforms-in-nigeria/

Crypto Prices is Now the Same as Stocks: IMF Says it’s Risky



Bitcoin and other crypto have grown from an obscure asset class with few users to a crucial element of the digital asset revolution, sharing the same market prices as stocks. As a result, this is sparking concerns about financial stability.



In a blog post titled ‘Crypto Prices Move More in Sync With Stocks, Posing New Risks’, the International Monetary Fund (IMF) revealed crypto’s increasing link with equity markets will pose significant dangers to financial stability.



https://businesselitesafrica.com/crypto-prices-is-now-the-same-as-stocks-imf-says-its-risky/



#digital #bitcoin #markets

Nigeria’s President, Muhammadu Buhari, formally rejected the 2021 Electoral Act Amendment Bill on Tuesday, which among other issues, proposed direct primaries on all political parties in the country.



According to Buhari, imposing a direct primary will negate polity and the spirit of democracy. This bill has become one of Nigeria’s most hotly debated ahead of the 2023 election.



The Senate President, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila, delivered the refusal in letters that were read in both chambers of the National Assembly on Tuesday.



#nigeria #elections2023 #nigeriaelections #electoralbill



https://businesselitesafrica.com/why-did-buhari-reject-the-proposed-electoral-act-bill/

INEC Requests N305 Billion for 2023 General Elections



Nigeria’s electoral regulating body, the Independent National Electoral Commission (INEC), has provided the National Assembly with a budget of N305 billion for the 2023 general elections.



The INEC chairman, Prof Mahmood Yakubu, gave the presentation during a Senate Committee on Appropriations hearing on Monday.



The election budget was scheduled to be presented by INEC in its 2022 budget, which is expected to be approved by lawmakers.



#elections #nigeria



https://businesselitesafrica.com/inec-requests-n305-billion-for-2023-general-elections/

Internet giant Google has made good of its commitment to inject funds to drive the growth of African tech startups. SafeBoda, a Ugandan-Nigerian startup, has received the first investment from Google’s Africa Investment Fund initiative.

It is, however, unclear at this time how much Google invested in the company.

SafeBoda, a startup founded in 2017 by Alastair Sussock, Ricky Rapa Thomson, and Maxime Dieudonne, was first a motorbike taxi transportation option in Africa before launching its mega app strategy.

#startup #google #africa #tech #investment #growth #strategy #startups #transportation

https://businesselitesafrica.com/google-invests-in-ibadan-based-bike-hailing-startup-safeboda/

Three Nigerians, Abubakar Nur Khalil, Obi Nwosu, and Ojoma Ochai, have been appointed by Twitter founder and former CEO Jack Dorsey to the Board of his Bitcoin Trust Fund (BTrust). The fund is expected to be used for bitcoin development in Africa and India.

A South African, Carla Kirk-Cohen, was also appointed. Jack’s team selected the four of them among 7000 applicants. The four are said to have contributed to the development of bitcoin in Africa.

“They’ll now work towards defining the operating principles as they think about how to best distribute the 500 bitcoin towards development efforts,” Jack wrote in a tweet dated December 16, 2021.

https://businesselitesafrica.com/jack-dorsey-3-nigerians-lead-twitter-founders-bitcoin-trust-fund/

Following Nigeria’s telecom giant, MTN, first public offering of 575 million units of ordinary shares, capital market stakeholders have urged the company to prolong the offer term, which ended on December 14, 2021. They claim it will bring more Nigerians into the investment net.

The investors demand an extension of the offer, claiming that many of their members had yet to sign up for the exercise.

According to them, two weeks is far too short a time for such a huge investment, which was mostly made using the Public Offer app, the first of its kind in the Nigerian stock market’s history.

While praising MTN Group for its plan to sell up to 575 million shares to institutional and retail investors, Eric Akinduro, Chairman of the Ibadan Zone Shareholders Association, pointed out that the offer time is too short.

#nigeria #investment #stockmarket #retail #telecom

https://businesselitesafrica.com/investors-mtn-to-extend-the-end-date-575-million-units-shares-offering/

The house of representative has granted President Muhammadu Buhari’s request for a $5,803,364,553.50 loan.

The loan approval is occurring amidst Nigeria’s increase in public debt by N2.5 trillion in three months. This brings Nigeria’s debt to N38.005 trillion at the end of the third quarter (Q3) of 2021.

#nigeria



https://businesselitesafrica.com/house-of-representatives-gives-buhari-go-ahead-to-borrow-5-8-billion/

A Republic of Benin tech entrepreneur Richard Odjardo is geared to give market leaders like Apple, Samsung and other electronic gadget producers a run for their money in the African market with his newly-developed smartwatches and laptops.

https://businesselitesafrica.com/richard-odjardo-african-tech-founder-smartwatches-rival-apple/

Ghana has announced that a fine of $3,500 will be placed on airlines for each unvaccinated passenger who arrives in the country.

Due to an increased discovery of the Omicron variant in the country, the Ghana Health Service (GHS) reassessed its COVID-19 policy for overseas travellers on December 9.

READ MORE: https://businesselitesafrica.com/ghana-places-fine-of-3500-on-airlines-for-each-unvaccinated-passenger/

MTN Nigeria’s announcement of its initial public offering on December 1, 2021, has many Nigerians speculating if they should invest in the shares.

Sources close to the matter state that this groundbreaking public offering of 575 million units of ordinary shares of Nigeria’s telecom giant, MTN, may lead to an oversubscription.

https://businesselitesafrica.com/everything-you-should-know-about-mtn-public-offering/