Fakoyejo Olalekan, Author at Prime Business Africa

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

Shareholders of Guaranty Trust Holding Company (GTCO) lost -21.15% of their investment in the financial institution, as the Segun Agbaje-led firm loses investors’ confidence. GTCO stock had began January at N26 per

Fakoyejo Olalekan

2 years ago

Business·Markets

Nigerian Stock Market Down, As Fidson, Regal Insurance, Others Record Gains

The Nigerian bourse opened trading this week by depreciating 0.07%, as the market capitalisation closed at N27.92 trillion on Monday, below Friday’s N27.94 trillion. This was driven by the 38.22 basis points

Fakoyejo Olalekan

2 years ago

Business·Currency

Dollar To Naira Exchange Rate: Cost Of Dollar, Euro Drops, As Forex Demand Falls Below $4 billion In H1

July 1, 2022: Nigerian currency, Naira, appreciated against the Dollar, Pound and Euro in the official foreign exchange market, Investors & Exporters window on Friday, FMDQ, has reported in its forex data.

Fakoyejo Olalekan

2 years ago

Business

Revealed: Why Nigerian Gov’t Refunded 2,084 Retirees Their N519.51 million Pension Contributions

The National Pension Commission (PENCOM) has refunded the pension contribution of 2,084 retirees after failing to surpass the required amount to earn a lump sum and annuity payment from life insurance companies.

Fakoyejo Olalekan

2 years ago

Business·Latest News

Lawmakers To Summon CBN’s Godwin Emefiele Over AMCON’s N5 trillion Debt

The House of Representatives have decided to summon the heads of Central Bank of Nigeria (CBN), Nigerian Financial Intelligence Unit (NFIU), and Nigeria Deposit Insurance Corporation (NDIC), over their inability to recover

Fakoyejo Olalekan

2 years ago

Business·Insights

Why Two Richest Men, Elon Musk And Bernard Arnault Lost Whopping N689.58 billion In One Day

On Friday, the two richest people in the world, Tesla majority shareholder, Elon Musk, and Louis Vuitton Moët Hennessy (LVMH), Bernard Arnault, lost a whopping of N689.58 billion in one day. Musk,

Fakoyejo Olalekan

2 years ago

Business·Markets

Caverton, Linkage Assurance Shares Soar, As Stock Market Gains N6.55 billion

Stock market rose 0.02% after close of business on Friday, resulting to the market capitalisation gaining N6.55 billion, to settle at N27.94 trillion, from N27.93 trillion. The growth was in response to

Fakoyejo Olalekan

2 years ago

Business

How Cryptoqueen Stole $4 billion From Cryptocurrency Investors Hoping To Make Quick Cash

In 2014, Ruja Ignatova created a cryptocurrency idea called “OneCoin”, which she claimed would become the next bitcoin. She promised individuals willing to buy OneCoin high returns and low risk. Ignatova, known

Fakoyejo Olalekan

2 years ago

Business

Revealed: How Farmers Pay Bandits N400 million To Visit Farms In Kaduna

A former Managing Director of Kaduna State Media Corporation (KSMC), Zubairu Abdulra’uf, said bandits in the state have received N400 million in two years to allow farmers in Birnin Gwari town access

Fakoyejo Olalekan

2 years ago

Business

Direct Flight, Weapon Supply, Three Other Things Buhari Asked From Portugal’s President

On Thursday, President Muhammadu Buhari met with President of Portugal, Marcelo Rebelo de Sousa in Lisbon, to discuss the need for both countries to partner in several areas that can be beneficial

Fakoyejo Olalekan

2 years ago

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Fakoyejo Olalekan

How GTCO Shareholders Lost N163.34 billion, Amid Declining Investor Confidence

Nigerian Stock Market Down, As Fidson, Regal Insurance, Others Record Gains

Dollar To Naira Exchange Rate: Cost Of Dollar, Euro Drops, As Forex Demand Falls Below $4 billion In H1

Revealed: Why Nigerian Gov’t Refunded 2,084 Retirees Their N519.51 million Pension Contributions

Lawmakers To Summon CBN’s Godwin Emefiele Over AMCON’s N5 trillion Debt

Caverton, Linkage Assurance Shares Soar, As Stock Market Gains N6.55 billion

How Cryptoqueen Stole $4 billion From Cryptocurrency Investors Hoping To Make Quick Cash

Revealed: How Farmers Pay Bandits N400 million To Visit Farms In Kaduna

Direct Flight, Weapon Supply, Three Other Things Buhari Asked From Portugal’s President

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