Fakoyejo Olalekan, Author at Prime Business Africa

Cryptocurrency Investment Company, Three Arrows Capital Loses $10 billion In Four Months

Singapore-based cryptocurrency hedge fund, Three Arrows Capital, has suffered a significant loss in investment due to the meltdown in the crypto market, causing losses to other digital currency creditors. As of March,

Fakoyejo Olalekan

3 years ago

Africa·Business

Zimbabwean Gov’t Turns To Nigerian Economist, AfDB’s Akinwumi Adesina To Revive Economy

Zimbabwean government will meet with Nigerian economist and African Development Bank (AfDB) Group president, Akinwumi Adesina, to discuss solutions to its economy downturn and debt problem. The problem with Zimbabwe? The country

Fakoyejo Olalekan

3 years ago

Business·Entertainment

Nigerian Cinema Revenue Drops N273.2 million In Six Months

The turnover on ticket sales at the Nigerian cinemas fell in June by -42.9% (N273.2 million) to N363 million in H1 2022, as cinema goers reduce their screen time amid soaring inflation,

Fakoyejo Olalekan

3 years ago

Business

Nigerian Gov’t Lashes Out At Investors Over Failing Electricity Companies

The Director-General of government agency, Bureau of Public Enterprises (BPE), Alex Okoh, has criticised comments by the sacked owners of Benin, Kano, Kaduna and Ibadan Distribution Companies (DisCos). Last week, Fidelity Bank

Fakoyejo Olalekan

3 years ago

Business·Tech News

Elon Musk Reveals What Will Happen After Twitter Board Sue Him

The Chief Executive Officer of Tesla, Elon Musk, has mocked the decision of Twitter board to sue him after the founder of SpaceX withdrew his offer to acquire the company on Friday.

Fakoyejo Olalekan

3 years ago

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

Business

Nigeria Loses $6.92 billion In Capital Importation, Ahead World Bank Projection

In the first quarters between 2019 and 2022, Nigeria’s capital importation has dropped by $6.92 billion, with companies attracting less foreign equipment and capital inflow into the country. According to the Nigerian

Fakoyejo Olalekan

3 years ago

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations

The Nigerian National Petroleum Company (NNPC) Limited has increased price for premium motor spirit (PMS) at its filling stations amid fuel scarcity. Prime Business Africa gathered that NNPC retail stations hiked fuel

Fakoyejo Olalekan

3 years ago

Business·Markets

Stock Market Roundup: Top Five Gainers, Losers’ List After 5 Days Of Trading

This week’s trading data obtained from the Nigerian Exchange Limited (NGX), disclosed 822.404 million shares worth N10.366 billion, exchanged investors hands in 20,643 deals. It was in contrast to the 1.348 billion

Fakoyejo Olalekan

3 years ago

Business·Tech News

Elon Musk No Longer Buying Twitter, Risk $1 billion Fine

The Chairman of Twitter board, Bret Taylor, has threatened to sue Elon Musk, after the Chief Executive Officer of automaker, Tesla, pulled out of the acquisition deal to buy out the social

Fakoyejo Olalekan

3 years ago

Business·Markets

Caverton Lead Gainers’ List, Nahco Top Losers’, As Nigerian Stock Market Crashes

The market capitalisation fell marginally at the close of business on Friday, losing N3.40 billion, to settle at N27.803 trillion, having closed previous trading day with N27.806 trillion. Nigerian bourse market cap

Fakoyejo Olalekan

3 years ago

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Fakoyejo Olalekan

Cryptocurrency Investment Company, Three Arrows Capital Loses $10 billion In Four Months

Zimbabwean Gov’t Turns To Nigerian Economist, AfDB’s Akinwumi Adesina To Revive Economy

Nigerian Cinema Revenue Drops N273.2 million In Six Months

Nigerian Gov’t Lashes Out At Investors Over Failing Electricity Companies

Elon Musk Reveals What Will Happen After Twitter Board Sue Him

Nigeria Loses $6.92 billion In Capital Importation, Ahead World Bank Projection

NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations

Stock Market Roundup: Top Five Gainers, Losers’ List After 5 Days Of Trading

Elon Musk No Longer Buying Twitter, Risk $1 billion Fine

Caverton Lead Gainers’ List, Nahco Top Losers’, As Nigerian Stock Market Crashes

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