Fakoyejo Olalekan, Author at Prime Business Africa

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

BDC Operators, Official Market Increase Dollar, Pound And Euro Rates

The foreign exchange rates rose across the official market and the black market on Thursday, according to reports from the FMDQ Exchange and Naira Rates. Data obtained from FMDQ Exchange, the official

Fakoyejo Olalekan

June 23, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Investors In Unity Bank, Ikeja Hotel, Others Lose N61.35bn In Stock Market Trading

In the stock market on Thursday, N61.35 billion was lost by investors in Unity Bank, Ikeja Hotel, and others on the losers’ list. This dragged the market capitalisation down by 0.18 per

Fakoyejo Olalekan

June 22, 2023

Business

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, and the British High Commissioner to Nigeria, Richard Montgomery, have both backed the economic reforms of President Bola Tinubu.

Fakoyejo Olalekan

June 22, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business

Moghalu Warns Tinubu Against Making Naira Stronger, Says It Makes Import Cheaper

The former Presidential aspirant, Kingsley Moghalu, cautioned President Bola Tinubu against being fixated on a stronger naira, as it could affect the exportation drive. Moghalu said Nigeria having a stronger naira could

Fakoyejo Olalekan

June 22, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

One Dollar Costs N760 In Black Market, USD Rises In Official Market

The average rate of the dollar in the black market increased by N1.2 kobo or 0.15% on Wednesday, 21 June, to N760.3/$1, from the previous day’s N759.1/$1. However, the pound rate depreciated

Fakoyejo Olalekan

June 22, 2023

Nigerian Equity Market Records First Gain This Week

Business·Markets

Nigerian Stock Market Value Up By 0.36%, Investors Made N116.48bn

Nigerian stock exchange closed high on Wednesday, with the equity capitalisation appreciating by 0.36 per cent to N32.30 trillion, from N32.18 trillion. Prime Business Africa understands that this represents a combined gain

Fakoyejo Olalekan

June 21, 2023

Google Ordered To Delete Cashpal, Swiftkash, 16 Other Nigerian Loan Apps

Business·Tech News

10 Nigerian Startups Selected By Google For $4 million Black Founders Fund

Google for Startups (GfS) has selected 10 Nigerian startups for the company’s Black Founders Fund, which will provide access to $4 million and other non-financial support. Nigeria accounted for 10 out of

Fakoyejo Olalekan

June 21, 2023

Business

Awele Elumelu Increases Investment In Transcorp To N6.66 billion

Awele Elumelu, the wife of the chairman of Transnational Corporation (Transcorp) Plc, Tony Elumelu, has acquired more shares in the company. She acquired 7.30 million shares in the Nigerian stock market in

Fakoyejo Olalekan

June 21, 2023

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

Business

Emefiele Flight Risk, Could Flee If Granted Bail, Court Hears

Suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, could flee the country if granted bail, the Department of State Services (DSS) told the Federal Capital Territory High Court on Tuesday, 20

Fakoyejo Olalekan

June 21, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

The naira to dollar rate closed at N756.61/$1 in the investors’ and exporters’ window of the official market on Tuesday, 19 June. Prime Business Africa learnt from the FMDQ Exchange that the

Fakoyejo Olalekan

June 21, 2023

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Fakoyejo Olalekan

BDC Operators, Official Market Increase Dollar, Pound And Euro Rates

Investors In Unity Bank, Ikeja Hotel, Others Lose N61.35bn In Stock Market Trading

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Moghalu Warns Tinubu Against Making Naira Stronger, Says It Makes Import Cheaper

One Dollar Costs N760 In Black Market, USD Rises In Official Market

Nigerian Stock Market Value Up By 0.36%, Investors Made N116.48bn

10 Nigerian Startups Selected By Google For $4 million Black Founders Fund

Awele Elumelu Increases Investment In Transcorp To N6.66 billion

Emefiele Flight Risk, Could Flee If Granted Bail, Court Hears

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

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