Yha a loaning company is owing investors 1 big B (billion)Naira, You might have heard about the Black copper news here is the break down of what supp, and in the business side Musa talked about how the Interest rates have gone up higher.
(0:00) - Introduction and Falcon's 2022 interview quote about founding a business to help Nigerians
(00:18) - Central Bank of Nigeria's MPR increment
(01:06) - Challenges of lending in Nigeria and the emergence of Black Copper
(02:21) - Issues with loan recovery and high default rates faced by Black Copper
(03:00) - Layoffs and debt issues at Black Copper, efforts to repay investors
(04:06) - Investors' dissatisfaction and suspicions about Faulkner's actions
(05:01) - Faulkner's claims about business model failure and investor demands
(06:27) - Future plans for Black Copper's technology and skill set
(07:24) - Reiteration of Falcon's 2022 interview quote
(07:45) - Personal reflections and invitation for listener feedback
(08:32) - Introduction to the next segment on Central Bank of Nigeria's interest rate decisions
(08:43) - Introduction to interest rate increases under Governor Cardoso
(09:10) - Overview of interest rate changes from September 2023 to May 2024
(10:04) - Reasons for interest rate hikes and impact on inflation
(12:21)- Summary and closing remarks.

Our sources:

For more details, check the TechCabal article⁠.
⁠Nigerian interest rate data


Our podcast:

⁠⁠⁠⁠⁠The Musa Obed podcast⁠⁠⁠⁠⁠
⁠⁠⁠⁠⁠The notjustdesign Podcast⁠⁠ ⁠⁠⁠

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