Fakoyejo Olalekan, Author at Prime Business Africa

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

The Central Bank of Nigeria (CBN) Director of Monetary Policy Department, Hassan Mahmud, said the report by JP Morgan on Nigeria’s foreign reserves is an attempt to mislead the public. Mahmud stated

Fakoyejo Olalekan

1 year ago

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Business·Markets

FTN Cocoa, Redstar Express, Others Drag Stock Market Cap Down By N49.80bn

Over N49.80 billion was lost to selloffs in FTN Cocoa, Redstar Express and others on the losers’ list, dragging the stock market capitalisation down to N35.79 trillion on Thursday, from N35.84 trillion.

Fakoyejo Olalekan

1 year ago

Business

Nigeria’s Unemployment Falls To 4.1% In Q1 2023, More Male Unemployed

The National Bureau of Statistics (NBS) has disclosed that Nigeria’s unemployment rate dropped in the first quarter of 2023, which falls between January to March. In a report titled; “NIGERIA LABOUR FORCE

Fakoyejo Olalekan

1 year ago

Business·Currency·Insights

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Six days ago, the Central Bank of Nigeria (CBN) lifted the restriction placed on sales of foreign exchange to the Bureau De Change operators by the apex Bank’s suspended chief, Godwin Emefiele.

Fakoyejo Olalekan

1 year ago

Business·Currency

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

Foreign exchange traders recorded a slight increase in the price of the United States Dollar (USD) in the official market on Wednesday, as the rate rose to N773.42/$1 from N770.72/$1 rate. However,

Fakoyejo Olalekan

1 year ago

Business

Ikeja Hotel Puts 40% Of Company Up For Sale Amid Declining Revenue

Ikeja Hotel has informed the capital market that the company will place 1.13 billion shares on sale to raise funds, a corporate document sent to the Nigerian Exchange Limited (NGX) has revealed.

Fakoyejo Olalekan

1 year ago

Business·Markets

ABC Heads Gainers’ List, Conoil Disappoints, As Stock Market Records Sluggish Growth

After trading closed on Wednesday, the Associated Bus Company (ABC) led the gainers’ table and Conoil topped the losers’ chart, with the Nigerian bourse rising by N2.26 billion in value. This was

Fakoyejo Olalekan

1 year ago

Business·Markets

Nigeria’s Capital Market Authority Mulls Dollar-denominated Bond, Stock Listings

The Nigerian Exchange Limited (NGX) has proposed the listing of dollar-denominated bonds and stocks in the capital market to help improve the challenges in the foreign exchange market. Companies operating at the

Fakoyejo Olalekan

1 year ago

Forensic Expert Confirms Forgery Of Buhari’s Signature To Withdraw $26m

Business

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

The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has settled for a plea bargain following the 20-count charges filed against him by the Federal Government. Emefiele was expected

Fakoyejo Olalekan

1 year ago

Business·Oil & Gas

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to take advantage of the technology used by illegal refineries. According to the Chairman of IPMAN’s Enugu Depot Community,

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

FTN Cocoa, Redstar Express, Others Drag Stock Market Cap Down By N49.80bn

Nigeria’s Unemployment Falls To 4.1% In Q1 2023, More Male Unemployed

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

Ikeja Hotel Puts 40% Of Company Up For Sale Amid Declining Revenue

ABC Heads Gainers’ List, Conoil Disappoints, As Stock Market Records Sluggish Growth

Nigeria’s Capital Market Authority Mulls Dollar-denominated Bond, Stock Listings

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

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

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