Fakoyejo Olalekan, Author at Prime Business Africa

World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

Electricity Workers To Join NLC Nationwide Protest, May Result To National Blackout

National wide blackout looms following the decision of the National Union of Electricity Employees (NUEE), to join other unions in solidarity protest for the Academic Staff Union of Universities (ASUU) strike. The

Fakoyejo Olalekan

July 25, 2022

Elon Musk Joins Network Operator To Offer Smartphone Service Under Water, Remote Areas

Business

Elon Musk Says His Internet Company, Starlink, Will Compete With MTN In Nigeria From August

Internet company, Starlink, owned by world richest man, Elon Musk, will commence operation in Nigeria next month, three months after receiving operational approval from the Nigerian government. Musk disclosed that by August,

Fakoyejo Olalekan

July 25, 2022

Naira Records First Major Depreciation At Official Market In 2025

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Rate Skyrocket, As CBN Interventions Fail

July 22, 2022 Dollar Rate Update: The investors & Exporters window reported foreign exchange suppliers increased the cost of exchanging dollar by 0.94% on Friday in the official forex market, as supply

Fakoyejo Olalekan

July 25, 2022

Business·Oil & Gas

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

The Group Managing Director of Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has concluded plans to sack 500 workers, one week after the corporation officially launch its private brand. NNPC Limited

Fakoyejo Olalekan

July 25, 2022

Business·Insights·Markets

Top Five Worst Performing Nigerian Insurance Stocks In H1 2022

What started out to be a compilation on the best performing Insurance stocks in Nigeria for H1 2022, ended up being a list containing the worst, as only two insurers were able

Fakoyejo Olalekan

July 25, 2022

Business·Insights

International Breweries’ Investors Lost N10.74 billion In Five Days

International Breweries investors lost -6.89% of their investment after five days of trading this week, as the alcoholic producer’s share depreciated in the Nigerian stock market. Their loss was caused by sell

Fakoyejo Olalekan

July 22, 2022

Four NCAA Top Officials Arrested By EFCC Over N2 billion Fraud

Business

Nigerian Airline Operators Announce Plan To Start Cancelling, Rescheduling Flights

Nigerian airlines have announced that there will be disruption in flight schedule in the coming days over scarcity of Jet-A1, popularly known as aviation fuel. This was disclosed in a statement on

Fakoyejo Olalekan

July 22, 2022

News

Court Orders Former Accountant General, Ahmed Idris, To Remain In Jail For 5 Days

The former Accountant General of the Federation, Ahmed Idris, has been remanded in Kuje correctional facility after he was arraigned in court by the Economic and Financial Crimes Commission (EFCC). Idris was

Fakoyejo Olalekan

July 22, 2022

Business·Tech News

Twitter Records $270 million Loss, Blames Elon Musk For Revenue Decline

Twitter has blamed Tesla Chief Executive Officer, Elon Musk, for its shrinking revenue which fell -0.8% in the second quarter of this year, amid faceoff between both parties over the takeover deal.

Fakoyejo Olalekan

July 22, 2022

Multichoice Hikes DSTV Subscription Fee To N21k, Cites Inflation

Business

Multichoice, DSTV Directors Risk Jail Term, Firm Fined, Amid Price Hike Lawsuit

Directors of MultiChoice Nigeria Limited risk jail term over contempt of court, after raising subscription price for its payment cable tv packages for DSTV and GOTV against trinunal’s order. Legal practitioner, Festus

Fakoyejo Olalekan

July 22, 2022

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Fakoyejo Olalekan

Electricity Workers To Join NLC Nationwide Protest, May Result To National Blackout

Elon Musk Says His Internet Company, Starlink, Will Compete With MTN In Nigeria From August

Black Market Dollar To Naira Exchange Rate: Dollar Rate Skyrocket, As CBN Interventions Fail

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

Top Five Worst Performing Nigerian Insurance Stocks In H1 2022

International Breweries’ Investors Lost N10.74 billion In Five Days

Nigerian Airline Operators Announce Plan To Start Cancelling, Rescheduling Flights

Court Orders Former Accountant General, Ahmed Idris, To Remain In Jail For 5 Days

Twitter Records $270 million Loss, Blames Elon Musk For Revenue Decline

Multichoice, DSTV Directors Risk Jail Term, Firm Fined, Amid Price Hike Lawsuit

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