Fakoyejo Olalekan, Author at Prime Business Africa

ETranzact Lead Gainers, Courtville Top Gainers, As Nigerian Stock Market Crashes

Over N18.3 billion was lost on Tuesday after the Nigerian bourse dip -0.06%. The slump sent the market capitalisation down from N26.79 trillion to N26.77 trillion. Nigerian stock market depreciated following a

Fakoyejo Olalekan

August 30, 2022

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business

Fidelity Bank Acquires Union Bank UK On CBN Approval

The Central Bank of Nigeria (CBN) has approved the acquisition of Union Bank’s UK subsidiary by Fidelity Bank, a statement obtained from the Nigerian Exchange Limited (NGX) on Tuesday disclosed. Fidelity Bank’s

Fakoyejo Olalekan

August 30, 2022

Business·News

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

Delta Air Lines has announced that it will stop operating flights from New York JFK airport to Lagos, stating that the market environment doesn’t encourage the continuation of the flights. In a

Fakoyejo Olalekan

August 30, 2022

Business

FG To Borrow N1.8 trillion From Foreign Creditors – Finance Minister, Zainab Ahmed

The Minister of finance, budget and national planning, Zainab Ahmed, says the Federal Government will borrow N9.32 trillion from domestic and foreign creditors to finance 2023 budget deficit. She stated that the federal

Fakoyejo Olalekan

August 30, 2022

Business·Insights

Stanbic IBTC’s Olufunke Amobi Part With N5.17 million, As Firm Loses N71.26 billion

Stanbic IBTC Head of Human Capital, Olufunke Amobi, has acquired shares in the financial institution days after the company released an impressive earnings report for the first half of 2022. Amobi acquired

Fakoyejo Olalekan

August 30, 2022

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Stock Market Falls To N26.794 trillion, On Losses In Caverton, Nigerian Breweries

Nigerian stock market fell slightly by -0.01% on Monday, dragging the market capitalisation down to N26.794 trillion, having closed previous trading with N26.796 trillion. It trailed the All-Share Index, which dropped from 49,682.15

Fakoyejo Olalekan

August 29, 2022

Naira Ends Week With Marginal Gain Against Dollar

Business

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

The ‘Naira 4 Dollar Scheme’ created by the Central Bank of Nigeria (CBN) in 2021, attracted $2.4 billion in diaspora remittances within eight months, surpassing the figure reported last year. According to

Fakoyejo Olalekan

August 29, 2022

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Business

Access Corporation Obtains Regulatory Approval For First Guarantee Pension, Amid Shareholders’ Faceoff

Access Corporation has received regulatory approval for the acquisition of First Guarantee Pension Limited (FGPL)almost four months after it announced an agreement to acquire the pension firm. The financial institution had bought

Fakoyejo Olalekan

August 29, 2022

Business·Insights

Nigerians Spend Over N12.43 billion on Paints, As Small Producers Suffer Losses To Big Brands

Chemical and Allied Products (CAP), Meyer and Berger Paints reported a revenue growth of 45.7% in H1 2022, as house owners and industrial companies spent over N12.43 billion to purchase their products

Fakoyejo Olalekan

August 29, 2022

Pantami Receives Death Threat Over NIN-SIM Linkage

Business

Isa Pantami Discloses Reason For ICT’s 7.71% Contribution To Nigeria’s GDP

The Minister of Communications and Digital Economy, Isa Pantami, said President Muhammadu Buhari’s National Digital Economy Policy and Strategy (NDEPS) is the reason for the growth in Information and Communication Technology (ICT)

Fakoyejo Olalekan

August 29, 2022

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Fakoyejo Olalekan

ETranzact Lead Gainers, Courtville Top Gainers, As Nigerian Stock Market Crashes

Fidelity Bank Acquires Union Bank UK On CBN Approval

Delta Airlines To Stop New-York-Lagos Flights Over Trapped Dollars

FG To Borrow N1.8 trillion From Foreign Creditors – Finance Minister, Zainab Ahmed

Stanbic IBTC’s Olufunke Amobi Part With N5.17 million, As Firm Loses N71.26 billion

Stock Market Falls To N26.794 trillion, On Losses In Caverton, Nigerian Breweries

CBN’s ‘Naira 4 Dollar Scheme’ Generates $2.4 billion Diaspora Remittances

Access Corporation Obtains Regulatory Approval For First Guarantee Pension, Amid Shareholders’ Faceoff

Nigerians Spend Over N12.43 billion on Paints, As Small Producers Suffer Losses To Big Brands

Isa Pantami Discloses Reason For ICT’s 7.71% Contribution To Nigeria’s GDP

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