Fakoyejo Olalekan, Author at Prime Business Africa

Accused Billionaire Drug Baron, Afam Ukatu, Loses N20 billion Accounts To Gov’t Agency

The National Drug Law Enforcement Agency (NDLEA) has taken over the 103 bank accounts belonging to chairman of Mallinson group of companies, Afam Ukatu, amid drug allegation. Recall that Ukatu had been

Fakoyejo Olalekan

October 28, 2022

Twitter Users To Be Able To Block Offensive Comments, Elon Musk Hints

Business

Twitter’s Market Price Up $3.46 billion Since Court Acquisition Order, Musk Reveals Plan

The market valuation of Twitter rose by 0.66 per cent after trading on Thursday, as world’s richest man, Elon Musk, revealed his plans for the social media company a day to court

Fakoyejo Olalekan

October 28, 2022

Business

Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’, with a Stable Outlook

Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s (‘the Issuer or ‘the SVP) Series II Bond (the Issue or the Bond) to ‘Bbb+’, with a stable outlook, from

Fakoyejo Olalekan

October 27, 2022

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

October 27 Dollar Exchange Rate: On Thursday, buyers of dollars in the black market paid about N765/$1 to Bureau De Change operators, as the BDC centers increased their asking price by 0.6

Fakoyejo Olalekan

October 27, 2022

Business·Currency

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

Bureau De Change operators and commercial banks have been warned by Economic and Financial Crimes Commission (EFCC) ahead of the release of the redesigned naira notes in December. The Executive Chairman of EFCC,

Fakoyejo Olalekan

October 27, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Insights

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

The Central Bank of Nigeria (CBN) has suspended deposit fee or bank charge, and this will serve a huge blow on the revenue of over 10 commercial banks operating in the country.

Fakoyejo Olalekan

October 27, 2022

Business

Soludo Vows To Clamp Down On Market Unions Taxing Hawkers, Wheelbarrow Pushers

The Governor of Anambra State, Charles Soludo, has cautioned market unions against demanding taxes from hawkers, vulcanizers, wheelbarrow pushers, and other blue-collar job holders. Soludo said the informal business operators should be

Fakoyejo Olalekan

October 27, 2022

Business·Insights

Elon Musk Makes N1.14 trillion Two Days To Acquisition Of Twitter

The wealth of Tesla majority shareholder and Chief Executive Officer, Elon Musk, rose by 1.18 per cent on Wednesday, two days to the deadline issued to him to buy Twitter. Musk has

Fakoyejo Olalekan

October 26, 2022

Business

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that new naira notes – N200, N500, and N1,000 – will be released on December 15, 2022. Emefiele said

Fakoyejo Olalekan

October 26, 2022

Business

KPMG Predicts Nigeria’s Debt Crisis To Worsen, Proffers Solution

Nigeria’s debt crisis will continue if the country’s revenue generation fails to improve, the partner and head of tax, regulatory and people services at KPMG Nigeria, Adewale Ajayi, has revealed. During their

Fakoyejo Olalekan

October 26, 2022

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Fakoyejo Olalekan

Accused Billionaire Drug Baron, Afam Ukatu, Loses N20 billion Accounts To Gov’t Agency

Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’, with a Stable Outlook

Dollar To Naira Exchange Rate: BDC Operators Set New Dollar Rate On CBN’s Naira Redesign

EFCC Boss Warns Banks, BDC Operators Of Illicit Money Exchanged For Redesigned Naira

GTBank, Zenith Bank, Others’ N3.14 trillion Revenue Threatened, As CBN Suspends Deposit Charge

Soludo Vows To Clamp Down On Market Unions Taxing Hawkers, Wheelbarrow Pushers

Elon Musk Makes N1.14 trillion Two Days To Acquisition Of Twitter

Just In: CBN To Release Redesigned Naira Notes, Accuses Nigerians Of Hoarding N2.7 trillion

KPMG Predicts Nigeria’s Debt Crisis To Worsen, Proffers Solution

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