memory chips

Ellah Lakes Plc's failed N235 billion public offering exposes investor caution in African capital markets, while global memory chip shortages driven by artificial intelligence demand threaten to increase smartphone prices by up to 20 percent.

A global rally in memory chip stocks driven by artificial intelligence demand has added $160 billion in market value—and Nigerian consumers are now paying roughly 20% more for smartphones as the supply chain effects ripple through Africa's largest economy.