Femi Otedola is a maverick, a mercurial Nigerian business character in the fashion of Elon Musk. His business decisions, like Musk’s, at times, appear random, but they never really are.
They are usually the products of cold-blooded calculations that makes little impressions on… twitter.com/i/web/status/1…
Out of the blocs in Q2 2023, Otedola was at it again. By the second week of April, the energy maven had reportedly acquired a 5.52% equity interest in #Transcorp Nigeria Plc, a conglomerate with revenues coming mainly from hospitality and energy businesses.
In its latest report titled "World Economic Outlook: A Rocky Recovery" (April 2023), IMF has maintained Nigeria's economic growth projection at 3.2% for 2023. The IMF has, however, revised Nigeria's economic growth projection for 2024 upward from 2.9% to 3.0%. twitter.com/i/web/status/1…
Global Economy
Next Tuesday, UK Unemployment/Wages data for February will be released, and although the unemployment rate has remained low at 3.7%, the soaring cost of living poses a challenge to UK consumers