Fakoyejo Olalekan, Author at Prime Business Africa

Naira Appreciates Against Dollar At Official, Black Market

BDC Operators Drop Dollar Rate As Buhari Unveils New Naira Note

The dollar rate in the black market dropped, hours after President Muhammadu Buhari and the Central Bank of Nigeria (CBN) unveiled the new naira note. In a chat with Prime Business Africa,

Fakoyejo Olalekan

November 23, 2022

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·Currency

1.4 million Agents To Help Rural, Urban Dwellers Meet January 31 Deadline For Old Naira Notes – CBN

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said residents in rural areas have no excuse for not depositing old naira notes before the phase-out deadline of January 31,

Fakoyejo Olalekan

November 23, 2022

Naira Policy: CBN Mops Up N1.6 trillion In Just I Month

Business·Currency

Photos: Buhari Unveils New Naira Notes

President Muhammadu Buhari has unveiled the redesigned naira notes on Wednesday, a day after Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, cancelled the initial launch date. The new move

Fakoyejo Olalekan

November 23, 2022

Business·Insights

South Africa’s Billionaire, Johann Rupert, Gains $3.6 billion, Closes Gap On Aliko Dangote

Johann Rupert, South African billionaire and chairman of Swiss luxury goods firm, Compagnie Financiere Richemont, recorded the highest growth in his wealth compared to Aliko Dangote, the founder of Dangote Cement. Rupert’s

Fakoyejo Olalekan

November 23, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·News

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

The cost of borrowing has been increased by the Central Bank of Nigeria (CBN) after the financial regulator announced 16.5 per cent as the new interest rate in the country. Interest rate

Fakoyejo Olalekan

November 22, 2022

Business·Markets

Stock Market Rises 0.59%, International Breweries, UACN, Other Investors Gain N145bn

Following trading on Tuesday, the market capitalisation gained N145.08 billion to hit N24.47 trillion – after the Nigerian stock exchange appreciated by 0.59 percent – rising from N24.23 trillion. The growth was fueled

Fakoyejo Olalekan

November 22, 2022

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Dollar Sells At N780, Flat At Black Market

The exchange rate between the dollar and the naira at the black market was flat on Monday, but the case was different in the official market, where the Nigerian currency appreciated. Bureau

Fakoyejo Olalekan

November 22, 2022

Business

Soft Drink Prices To Rise, Jobs At Risk Over FG’s 20% Tax, As Producers Lament

The Manufacturers Association of Nigeria (MAN) has warned that Nigerians will be affected by the proposed 20 per cent Ad-valorem Excise Tax on non-alcoholic beverages. According to the association, companies will have

Fakoyejo Olalekan

November 22, 2022

Nigerian Equity Market Records First Gain This Week

Business·Markets

Stock Investors Pocket N92.72bn Amid Gains In Nigerian Breweries, Cadbury, Others

Nigerian bourse appreciated by 0.38 percent on Monday, to close trading with N24.32 trillion market capitalisation. At the end of the previous trading session, the market capitalisation had settled at N24.23 trillion

Fakoyejo Olalekan

November 21, 2022

Cash In Circulation Up By N701.4 billion, Emefiele's CBN Loses Control Again

Business·Currency

Money Supply Hits N50.5 trillion On Naira Reissue

Money Supply in Nigeria has crossed N50.5 trillion, the Central Bank of Nigeria (CBN) has revealed. This comes as the financial services regulator plans to release redesigned naira notes. The money supply

Fakoyejo Olalekan

November 21, 2022

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Fakoyejo Olalekan

BDC Operators Drop Dollar Rate As Buhari Unveils New Naira Note

1.4 million Agents To Help Rural, Urban Dwellers Meet January 31 Deadline For Old Naira Notes – CBN

Photos: Buhari Unveils New Naira Notes

South Africa’s Billionaire, Johann Rupert, Gains $3.6 billion, Closes Gap On Aliko Dangote

CBN’s Emefiele Raises Concern Over Inflation, Hikes Up Borrowing Costs

Stock Market Rises 0.59%, International Breweries, UACN, Other Investors Gain N145bn

Dollar Sells At N780, Flat At Black Market

Soft Drink Prices To Rise, Jobs At Risk Over FG’s 20% Tax, As Producers Lament

Stock Investors Pocket N92.72bn Amid Gains In Nigerian Breweries, Cadbury, Others

Money Supply Hits N50.5 trillion On Naira Reissue

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