Fakoyejo Olalekan, Author at Prime Business Africa

Naira Records First Major Depreciation At Official Market In 2025

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

The representative of International Air Transportation Association (IATA) in Nigeria, Samson Fatokun, says foreign airlines’ trapped funds in the African country is now $700 million. In August, the International Air Transportation Association

Fakoyejo Olalekan

October 26, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has also made an allegation against foreign aviation authorities, stating that they are harassing Nigerian airlines by unnecessarily using sniffer dogs

Fakoyejo Olalekan

October 25, 2022

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

Access Holdings To Acquire Sigma Pensions, As PENCOM, FCCPC Approve Deal

Access Holdings has revealed plan to acquire Sigma Pensions Limited through its subsidiary, First Guarantee Pensions Limited (FGPL) after receiving regulatory approval. Both National Pension Commission (PENCOM) and the Federal Competition and

Fakoyejo Olalekan

October 25, 2022

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business·News

Titan Trust Bank Pays N13.49 billion More In Final Union Bank Takeover

Union Bank of Nigeria has disclosed that Titan Trust Bank Limited has tendered a mandatory takeover offer to acquire the remaining minority shares of 6.59 per cent. The minority shares is broken

Fakoyejo Olalekan

October 25, 2022

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks

Business

UBA Fined N235 million, Generates N45.70 billion Net Profit In Q3

The United Bank for Africa (UBA) was fined N235 million, its Condensed Interim Consolidated Financial Statements for the period ended September 30, 2022, has disclosed. In the financial statements released on Monday,

Fakoyejo Olalekan

October 25, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Telecommunications companies like MTN, Glo, and Airtel can now sell foreign currencies, as the Central Bank of Nigeria (CBN) reveals guidelines for the supervision of Payment Service Banks (PSBs). MTN, Glo and

Fakoyejo Olalekan

October 25, 2022

Business·Currency

Dollar To Naira Exchange Rate: Dollar Rate Drops To N753 In Black Market

October 24 Dollar Exchange Rate: Bureau De Change operators dropped the cost to purchase dollar by 0.26 per cent on Monday, indicating naira’s valuation rose against the American dollar in the black

Fakoyejo Olalekan

October 24, 2022

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Business

Africa’s Richest Man, Aliko Dangote, Wants Foreign Textiles Traders Jailed

The richest person in Africa, Aliko Dangote, has called on the Federal Government to jail persons selling prohibited foreign textiles in Nigeria, without the option of fine. Dangote, who owns cement and

Fakoyejo Olalekan

October 24, 2022

Creditors Ignore Nigerian Gov’t’s Loan Request After Buhari Seek Debt Cancellation

Business

Creditors Ignore Nigerian Gov’t’s Loan Request After Buhari Sought Debt Cancellation

Creditors snubbed the Federal government of Nigeria in the capital market after the Nigerian government tried to raise N225 billion loan through bond issuance in October. This will affect the financial capacity

Fakoyejo Olalekan

October 24, 2022

Business·Oil & Gas

Cooking Gas Marketers Reveal Panic Buying Could Raise Price In Nigeria

Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) have cautioned Nigerians against buying Liquefied Petroleum Gas (LPG), known as cooking gas, in panic, amid fear of scarcity. There have been reports of

Fakoyejo Olalekan

October 24, 2022

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Fakoyejo Olalekan

Foreign Airlines’ Trapped Funds Now $700 million, Dollar Rate Hits N760

Sniffer Dogs: CBN’s Emefiele Backs Air Peace’s Claim Against Foreign Authorities, Releases $120 million

Access Holdings To Acquire Sigma Pensions, As PENCOM, FCCPC Approve Deal

Titan Trust Bank Pays N13.49 billion More In Final Union Bank Takeover

UBA Fined N235 million, Generates N45.70 billion Net Profit In Q3

MTN, Glo, Airtel To Start Selling Foreign Currencies Amid Forex Scarcity

Dollar To Naira Exchange Rate: Dollar Rate Drops To N753 In Black Market

Africa’s Richest Man, Aliko Dangote, Wants Foreign Textiles Traders Jailed

Creditors Ignore Nigerian Gov’t’s Loan Request After Buhari Sought Debt Cancellation

Cooking Gas Marketers Reveal Panic Buying Could Raise Price In Nigeria

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