Fakoyejo Olalekan, Author at Prime Business Africa

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base.

Fakoyejo Olalekan

3 years ago

EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

Business

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, has revealed that the country raised funds in the cryptocurrency market through the CryptoPunk #5364 it was gifted in March. Bornyakov, in a statement

Fakoyejo Olalekan

3 years ago

Business

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

Workers at the Murtala Muhammed International Airport seized passengers luggage in protest of unpaid salary on Monday. The situation led to chaos within the airport located in Lagos State. In a viral

Fakoyejo Olalekan

3 years ago

Business

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

The Central Bank of Nigeria (CBN) policies have been criticised by the World Bank, saying it worsens the business environment in the country. The global financial body hinted that the financial regulator

Fakoyejo Olalekan

3 years ago

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters

Fakoyejo Olalekan

3 years ago

Business

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ikeja Electric technician, Matthew Umukoro, has died while on duty for the electricity company in Igbe Road, Igbogbo, an area located in the Ikorodu Local Government Area of Lagos state. Umukoro, who

Fakoyejo Olalekan

3 years ago

Business·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at

Fakoyejo Olalekan

3 years ago

Business·Real Estate

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Lagos State Development and Property Corporation (LSDPC) and Afriland Properties signed a Public Private Partnership (PPP) to upgrade the Falomo Shopping Mall, situated in Ikoyi. This was announced in a video sent

Fakoyejo Olalekan

3 years ago

Business

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Bitcoin (BTC) investors lost a whopping $29.45 billion in the early hours of Saturday, after the cryptocurrency crashed by -7.54%, to its lowest price in two years, $18,926.50, as the bears extended

Fakoyejo Olalekan

3 years ago

Business·Tech News

Google Fined ₦109.3 million Amid Information War Against Russia

Google has been fined ₦109.3 million (15 million roubles) by a court in Russia following allegation of floating the government’s law mandating technology companies to house their citizens’ user data in the

Fakoyejo Olalekan

3 years ago

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Fakoyejo Olalekan

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Google Fined ₦109.3 million Amid Information War Against Russia

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