Fakoyejo Olalekan, Author at Prime Business Africa

Investors Pocket N94.46bn In Nigerian Stock Trading

Investors in UPL, Ikeja Hotels and other equities on the gainers list pocketed N94.46 billion on Thursday after the market capitalisation rose from N34.71 trillion to N34.81 trillion. The All-Share Index inched higher

Fakoyejo Olalekan

1 year ago

Business·Insights

Data War Analysis: Globacom Loses Data Market Share, Over 300,000 Subscribers Stop Using 9mobile Internet Service

MTN Nigeria and Airtel outperformed Globacom and 9mobile in the first five months of 2022, as the telecommunications industry recorded a 4.76 million increase in the number of active data subscribers. The

Fakoyejo Olalekan

1 year ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

CBN’s Authorised Dealers Sell Dollar At N853

In the Investors’ and Exporters’ window on Wednesday, the official naira to dollar exchange rate closed at N793.70/$1, rising from N742.93/$1. Prime Business Africa learnt that between Tuesday and Wednesday, the United

Fakoyejo Olalekan

1 year ago

Naira Further Appreciates Against Dollar Ahead Of Christmas Holiday

Business

Black Market, Official Dollar Rate Gaps – LCCI Explains Why

The Central Bank of Nigeria (CBN) has been advised to discontinue the foreign exchange (forex) restriction placed on 43 items in the official market. According to the Lagos Chamber of Commerce and

Fakoyejo Olalekan

1 year ago

Business

Emefiele Risks Another Arrest Over $53 million Judgement Debt

Justice Inyang Ekwo of the Federal High Court, sitting in Abuja, said it will issue an arrest warrant against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele

Fakoyejo Olalekan

1 year ago

Business·Markets

Nigerian Bourse Down By N5.16bn Amid Losses In Geregu, Prestige, Others

On Wednesday, about N5.16 billion was lost by investors holding Geregu, Prestige, and other shares on the losers’ table, pushing the Nigerian market capitalisation down to N34.71 trillion. The loss represents a

Fakoyejo Olalekan

1 year ago

Business

Fidelity Bank Moves To Raise N90bn In Capital Market

Fidelity Bank has informed its shareholders that it’s set to raise more capital, up to N90 billion, to play bigger in local and international markets. The creditor’s decision to raise more funds

Fakoyejo Olalekan

1 year ago

Tinubu Sets Up Committee To Tackle Flood Crisis

Business

FG To Prosecute Traders Increasing Food Prices

The Federal Competition and Consumer Protection Commission (FCCPC), an agency of the Federal Government, has warned trade associations against hiking food prices. FCCPC made the warning after the National Bureau of Statistics

Fakoyejo Olalekan

1 year ago

Business·Currency

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

The official market dollar rate on Tuesday was N742.93 kobo/$1 by the end of the session, which is below the N795.28 kobo posted on Monday. This means authorised dealers in the Investors’

Fakoyejo Olalekan

1 year ago

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

DSS Attacks ‘Outlawed IPOB Counsel’ Over Emefiele’s Detention

The Department of State Services (DSS) has criticised counsel to IPOB/ESN, Maxwell Okpara, for defending the prosecution of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. In a

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

Investors Pocket N94.46bn In Nigerian Stock Trading

Data War Analysis: Globacom Loses Data Market Share, Over 300,000 Subscribers Stop Using 9mobile Internet Service

CBN’s Authorised Dealers Sell Dollar At N853

Black Market, Official Dollar Rate Gaps – LCCI Explains Why

Emefiele Risks Another Arrest Over $53 million Judgement Debt

Nigerian Bourse Down By N5.16bn Amid Losses In Geregu, Prestige, Others

Fidelity Bank Moves To Raise N90bn In Capital Market

FG To Prosecute Traders Increasing Food Prices

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

DSS Attacks ‘Outlawed IPOB Counsel’ Over Emefiele’s Detention

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