Fakoyejo Olalekan, Author at Prime Business Africa

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Manufacturers Criticise Nigerian Gov’t For Putting N70trn Debt Burden On Them

The Manufacturers Association of Nigeria (MAN) said the high taxes imposed on the sector is the Federal Government’s attempt to shift the responsibility of repaying FG’s debt to manufacturers. According to the

Fakoyejo Olalekan

1 year ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar, Pound, Euro Rates Slump After CBN Lifts Ban On Black Market

The naira increased in value after trading closed on Friday in the official market, appreciating by 0.15 per cent, as the United States Dollar (USD) ended trading at the rate of N739.52/$1.

Fakoyejo Olalekan

1 year ago

Insights

How To Check BVN On Airtel, MTN, Glo and 9mobile

Bank Verification Number (BVN) has become a more reliable method for securing sensitive or personal information in Nigeria’s banking system. To prevent incidents of compromise on conventional security systems like passwords and

Fakoyejo Olalekan

1 year ago

Business

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

The Central Bank of Nigeria (CBN) has lifted the restriction placed on the sale of foreign exchange to the Bureau De Change (BDC) operators under Godwin Emefiele. In a statement released on

Fakoyejo Olalekan

1 year ago

Business·Markets

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

In a report obtained from the Nigerian Exchange Limited (NGX) on Friday, the stock market capitalisation closed at N35.42 trillion, up from Thursday’s N35.27 trillion. It indicates the Nigerian bourse’s valuation took

Fakoyejo Olalekan

1 year ago

Business

CBN Threatens Importers With Sanction After Launching FX Price Verification System

The Central Bank of Nigeria (CBN) has threatened to sanction importers for infraction as regards Form M application, as it launches a foreign exchange (Forex/FX) price verification system. In a statement released

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

Black Market Dollar Rate On Free Fall Since CBN’s Warning To Speculators

On Thursday, foreign exchange traders in the black market recorded N33.5 kobo drop in the price of the United States Dollar (USD). The dollar was sold in the Bureau De Change window

Fakoyejo Olalekan

1 year ago

Business

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

The Central Bank of Nigeria’s (CBN) Financial Services Regulation and Coordinating Committee (FSRCC) has issued a guideline to help Nigerians avoid illegal financial operators in the country. According to the regulator, the

Fakoyejo Olalekan

1 year ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Gains, As Dollar Rates Drop In Official Window, Black Market

The value of the United States Dollar depreciated by N19.19 kobo or 2.52 per cent on Thursday to N740.67/$1, from the preceding day’s N759.86/$1. This was according to the data obtained from

Fakoyejo Olalekan

1 year ago

Business·Markets

Nigerian Bourse Falls By N141.70bn To Selloffs In Guinea, RT Briscoe, Others

At the end of trading on Thursday, Nigerian stock market capitalisation depreciated by N141.70 billion to N35.27 trillion, from the N35.36 trillion reported on Wednesday. The All-Share Index slumped to 64,448.96 ASI from the

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

Manufacturers Criticise Nigerian Gov’t For Putting N70trn Debt Burden On Them

Dollar, Pound, Euro Rates Slump After CBN Lifts Ban On Black Market

How To Check BVN On Airtel, MTN, Glo and 9mobile

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

CBN Threatens Importers With Sanction After Launching FX Price Verification System

Black Market Dollar Rate On Free Fall Since CBN’s Warning To Speculators

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

Naira Gains, As Dollar Rates Drop In Official Window, Black Market

Nigerian Bourse Falls By N141.70bn To Selloffs In Guinea, RT Briscoe, Others

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