Market

Chegg on the Brink: ChatGPT’s Rise Sends Stock Crashing by 99%

Business Aju Elumelu -
Chegg, once a go-to platform for college students needing textbook rentals and homework help, is now facing a dire financial crisis. The company’s stock...

Bitcoin Whales Scoop Up 71,000 BTC Amid Market Dip as Crypto Investors Face $1 Billion in Losses

Market Aju Elumelu -
Despite a temporary pause in Bitcoin’s recent rally, big players, known as "whales," have capitalized on the market dip, accumulating 71,000 BTC within just...

Cadbury Nigeria Record 65% Surge in Pre-Tax Losses Despite Revenue Growth

Business Aju Elumelu -
Cadbury Nigeria Record 65% loss surge One of Nigeria's leading beverage company, Cadbury Nigeria Plc, known for its iconic product Bournvita, reported a 65% increase...

Nestle Nigeria Faces N255 Billion Pre-Tax Loss in Nine Months, Blames Forex Challenges

Business Aju Elumelu -
Nestle Nigeria Faces N255Billion Pre-Tax Loss Nestle Nigeria Plc, one of Nigeria’s leading food and beverage companies, has reported a pre-tax loss of N255.38 billion...

MTN Nigeria Reports N514.9 Billion Loss in 9 Months, Cites Naira Depreciation as Key Factor

Business Aju Elumelu -
MTN Nigeria Reports N514.9 Billion Loss in 9 Months, Cites Naira Depreciation as Key Factor MTN Nigeria, one of the country’s leading telecom operators, has...
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