Fakoyejo Olalekan, Author at Prime Business Africa

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

The Debt Management Office (DMO) has refuted claims that Nigeria plans to restructure its debt, stating that the Finance Minister of the country, Zainab Ahmed, was misquoted. Bloomberg had reported that Ahmed

Fakoyejo Olalekan

October 14, 2022

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

Business·World News

Concerns For Nigeria, As China Demands N4.71 billion From Kenya Over Loan Repayment Failure

The Chinese government has requested for N4.71 billion (Sh1.312 billion) penalty fee from Kenya, after the government failed to service the loan it obtained to build the Standard Gauge Railway (SGR). Kenya

Fakoyejo Olalekan

October 14, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate

October 13, 2022 Dollar Rates Update: On Thursday, the Bureau De Change operators increased the price to buy one dollar, as demand pressure returns to the black market, amid scarcity of forex

Fakoyejo Olalekan

October 13, 2022

Naira Records First Major Depreciation At Official Market In 2025

Business

London-based Firm, Wise, Suspends Dollar Transfer To Nigeria, As Dollar Sells Above N700

United Kingdom-based payment company, Wise, has announced that all dollar transfer to Nigeria will beenhas suspended till further notice amid scarcity of foreign exchange in the country. Wise told users in an

Fakoyejo Olalekan

October 13, 2022

Business·Sports

Victor Osimhen, Ndidi Injury Cost Super Eagles €50.23 million In Market Value

The Super Eagles of Nigeria squad value dropped by -16.3 per cent, according to latest financial rankings of national teams by German-based football database, transfermarkt. This represents a loss of €50.23 million

Fakoyejo Olalekan

October 13, 2022

Business·Oil & Gas

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

The Nigerian National Petroleum Company, NNPC, Limited has not remitted even N20,000 to the federal account this year according to the Kaduna State Governor, Nasir El-Rufai. El-Rufai revealed this on Thursday, stating

Fakoyejo Olalekan

October 13, 2022

Business

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

Members of the House of Representatives have suspended the sale of Polaris Bank by the Central Bank of Nigeria (CBN), following allegations that the apex bank plans to sell the creditor cheaper

Fakoyejo Olalekan

October 13, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

Calls To Sell Transmission Company of Nigeria Meant To Spread Panic – FG Counters Claim

Contrary to several media reports, the Transmission Company of Nigeria (TCN) will not be sold by the Nigerian government, a statement released on Wednesday by the Federal Government has shown. There have

Fakoyejo Olalekan

October 12, 2022

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Business

Aliko Dangote Finally Reveals Why Kogi State Gov’t Doesn’t Have Shares In Firm

Dangote Group has insisted that the acquisition of Obajana cement factory was done by the books, and the Kogi State Government (KSG) couldn’t fund the stake it was offered. The acquisition has

Fakoyejo Olalekan

October 12, 2022

Business

Nigeria’s Economic Growth Projection Drops 0.2%, As IMF Downgrades Country

The International Monetary Fund (IMF) has downgraded the economic growth projection of Nigeria, as it advises the government to be consistent with clear policies. IMF downgraded the growth projection for Africa’s largest

Fakoyejo Olalekan

October 12, 2022

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Fakoyejo Olalekan

DMO Denies Buhari Seeking Debt Restructuring, As Claim Threatens Foreign Investors’ Confidence

Concerns For Nigeria, As China Demands N4.71 billion From Kenya Over Loan Repayment Failure

Dollar To Naira Exchange Rate: Bureau De Change Operators Raise Dollar Rate

London-based Firm, Wise, Suspends Dollar Transfer To Nigeria, As Dollar Sells Above N700

Victor Osimhen, Ndidi Injury Cost Super Eagles €50.23 million In Market Value

NNPC Has Not Added N20,000 To Federation Account This Year – El-Rufai Says

Setback For CBN, As Reps Stop Godwin Emefiele From Selling Polaris Bank

Calls To Sell Transmission Company of Nigeria Meant To Spread Panic – FG Counters Claim

Aliko Dangote Finally Reveals Why Kogi State Gov’t Doesn’t Have Shares In Firm

Nigeria’s Economic Growth Projection Drops 0.2%, As IMF Downgrades Country

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