Fakoyejo Olalekan, Author at Prime Business Africa

FG Signs €25 million Contract With French Gov’t, EU, To Improve Electricity In Northern States

The French Development Agency (AFD) and the Federal Government have signed a €25 million agreement to upgrade electricity in the north-western part of the country. According to the Minister of state for

Fakoyejo Olalekan

September 15, 2022

Buhari Pledges Support For Stability Of Chad

Business

Pres. Buhari To Present 2023 Budget In October, Maintain Fiscal Year

President Muhammadu Buhari has concluded on presenting the proposed N19.76 trillion budget for the 2023 calendar year to the National Assembly next month. The presentation is expected in the first week of

Fakoyejo Olalekan

September 15, 2022

Breakdown Of How Nigeria’s Debt Will Rise Over N70 billion In June

Business

Pres. Buhari Reveals Timeline To End Kerosene Usage In Nigeria

The use of Kerosene will be phased out by the Federal Government by 2030, President Muhammadu Buhari revealed this at the 15th Annual Banking and Finance Conference. At the event organised by

Fakoyejo Olalekan

September 14, 2022

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Over N27.93 billion Lost in Stock Market, After Sell Off In FTN Cocoa, AIICO, Others

The Nigerian stock market lost N27.93 billion in value after the market capitalisation dipped -0.10%, to close at N26.74 trillion from N26.768 trillion. All-Share Index dragged the market cap down after depreciating from

Fakoyejo Olalekan

September 14, 2022

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

Business

Senate Tackles Pres. Buhari’s N6 trillion Tax Waiver To Companies

The N6 trillion tax and import duties waivers for companies proposed by President Muhammadu Buhari in the 2023 budget has been turned down by the Senate committee on finance. In a bid

Fakoyejo Olalekan

September 14, 2022

Business·Insights·Oil & Gas

Five Ways Angola, Libya Taking Over Africa’s Biggest Oil Producer List Affects Nigeria

Nigeria has lost its position as the biggest crude oil producer in Africa, with Angola and Libya taking over, as the Federal Government struggle against oil vandalism and crude oil theft in

Fakoyejo Olalekan

September 14, 2022

Business·Tech News·World News

Whistleblower, Peiter Zatko, Makes New Damaging Accusation Against Twitter Amid Elon Musk Faceoff

Twitter has been accused by its former head of security, Peiter Zatko, of prioritising revenue above user security, as the whistleblower takes his allegation of flaw in the company’s network system to

Fakoyejo Olalekan

September 14, 2022

Business·Insights

Elon Musk Loses $6.1 billion, As Tesla Investors React Negatively To Twitter Shareholders’ Decision

Elon Musk lost -2.23% of his wealth on Tuesday after Twitter shareholders voted for the company to be offloaded to the billionaire, further affecting Musk’s plan to withdraw from the acquisition agreement.

Fakoyejo Olalekan

September 13, 2022

Business·Markets

Market Cap Rises N1.08 billion, As Nigerian Stocks’ Growth Slows

At the end of trading on Tuesday, the market capitalisation rose by over N1.08 billion to settle at N26.768 trillion, when compared to the N26.767 trillion it closed Monday with. It followed

Fakoyejo Olalekan

September 13, 2022

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

September 12, 2022 Dollar Rates Update: The Naira continued its depreciation run on Monday at the Investors and Exporters window, with traders selling $1 at N436.50, in contrast to the N436.33 it

Fakoyejo Olalekan

September 13, 2022

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Fakoyejo Olalekan

FG Signs €25 million Contract With French Gov’t, EU, To Improve Electricity In Northern States

Pres. Buhari To Present 2023 Budget In October, Maintain Fiscal Year

Pres. Buhari Reveals Timeline To End Kerosene Usage In Nigeria

Over N27.93 billion Lost in Stock Market, After Sell Off In FTN Cocoa, AIICO, Others

Senate Tackles Pres. Buhari’s N6 trillion Tax Waiver To Companies

Five Ways Angola, Libya Taking Over Africa’s Biggest Oil Producer List Affects Nigeria

Whistleblower, Peiter Zatko, Makes New Damaging Accusation Against Twitter Amid Elon Musk Faceoff

Elon Musk Loses $6.1 billion, As Tesla Investors React Negatively To Twitter Shareholders’ Decision

Market Cap Rises N1.08 billion, As Nigerian Stocks’ Growth Slows

Dollar To Naira Exchange Rate: Dollar Falls In Black Market, Sells At N436.50 In Official Market

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