Fakoyejo Olalekan, Author at Prime Business Africa

AA Governorship Candidate Tackles Sanwo-Olu Over Lagos Bus Drivers’ Protest

The Lagos State governorship candidate of the Action Alliance (AA), Tope AbdurRazaq Balogun, has condemned Governor Babajide Sanwo-Olu’s government for snubbing the complaints of Lagos commercial bus drivers. Prime Business Africa had

Fakoyejo Olalekan

October 31, 2022

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Naira In 53% Decline, Hits N865 Per Dollar, Nears N1,000 PBA Prediction

October 27 Dollar Exchange Rate: The dollar-to-naira black market exchange rate on Monday, crossed the N800 mark, setting its gaze on a possible N1,000/$ mark by December 2022, in line with Prime

Fakoyejo Olalekan

October 31, 2022

Aliko Dangote, Rabiu Abdulsamad’s Food Companies To Pay Shareholders N99.22 billion

Business·FEATURES·Insights

High Operating Costs: BUA, Dangote, Lafarge Record Loss, Despite N526.52 billion Cement Revenue

Three major cement companies in Nigeria – Dangote Cement, Lafarge Africa and BUA Cement- failed to grow their net profit in Q3 2022, despite hike in revenue generated for the period. Prime

Fakoyejo Olalekan

October 31, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria loses at least 700,000 barrels of crude oil to thieves per day, the Minister of State for Petroleum Resources, Timipre Sylva, has revealed. This compounds the revenue problem of the country.

Fakoyejo Olalekan

October 31, 2022

Lagos Bus Drivers To Stop Work On Monday Over Extortion By Thugs, Others

Business·News·Top Stories

Lagos Bus Drivers To Stop Work On Monday Over Extortion, Thugs

The Joint Drivers Welfare Association of Nigeria (JDWAN) said a seven-day boycott of Lagos roads will begin on Monday, October 31, 2022, in protest to extortion by the management of motor parks

Fakoyejo Olalekan

October 31, 2022

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Stock Roundup: BUA Cement Leads Gainers, Dangote Cement Joins Losers’ List

After five days of trading on the Nigerian stock exchange, the bourse reported that investors traded over 598.817 million shares, worth N14.234 billion, in 15,859 deals this week. This figure contrasts with

Fakoyejo Olalekan

October 29, 2022

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

The exchange rate between the naira and the United States dollar (USD) went haywire in the black market on Friday evening. Bureau De Change operators profited from the recent announcement made by

Fakoyejo Olalekan

October 28, 2022

Business·Currency

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

The Finance Minister, Zainab Ahmed, has asked the National Assembly to summon the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the redesigned naira notes. Ahmed said the central

Fakoyejo Olalekan

October 28, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

October 27 Dollar Exchange Rate: The dollar-naira black market exchange rate increased by N10 earlier on Friday, indicating that Bureau De Change operators charged USD buyers more. During the previous trading day

Fakoyejo Olalekan

October 28, 2022

Business

Shoprite, Domino’s Pizza, Several Others Affected, As Jabi Lake Mall Shutdown

Jabi Lake Mall, a popular shopping outlet in Abuja, has shut its doors to the public over terrorist threat disclosed by the United States government and the British High Commission. The western

Fakoyejo Olalekan

October 28, 2022

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Fakoyejo Olalekan

AA Governorship Candidate Tackles Sanwo-Olu Over Lagos Bus Drivers’ Protest

Naira In 53% Decline, Hits N865 Per Dollar, Nears N1,000 PBA Prediction

High Operating Costs: BUA, Dangote, Lafarge Record Loss, Despite N526.52 billion Cement Revenue

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Lagos Bus Drivers To Stop Work On Monday Over Extortion, Thugs

Stock Roundup: BUA Cement Leads Gainers, Dangote Cement Joins Losers’ List

Dollar To Naira Exchange Rate: Dollar Rate Hit N790, As BDC Operators Profit From CBN’s Policy

Redesigned Naira: Finance Minister Tackles CBN Governor, Asks Lawmakers To Summon Emefiele

Dollar To Naira Exchange Rate: One Dollar Nearing N800, After BDC Boss’ Shocking Revelation

Shoprite, Domino’s Pizza, Several Others Affected, As Jabi Lake Mall Shutdown

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