Fakoyejo Olalekan, Author at Prime Business Africa

Dollar Falls In Official Window, Black Market USD Rate Drops To N910

Investors and exporters saw the value of the United States Dollar (USD) drop to N759.86/$1 in the official market on Wednesday, as the naira appreciated by 1.92 per cent. The authorised dealers

Fakoyejo Olalekan

1 year ago

Business

Neimeth CEO, Gerald Oputa, Resigns After Poor Financial Performance, N263.05m Loss

Following a poor financial performance during his tenure, the Acting Managing Director and Chief Executive Officer of Neimeth International Pharmaceuticals, Gerald Oputa, has resigned. Oputa was promoted from his previous position of

Fakoyejo Olalekan

1 year ago

Business

Orjiako In More Trouble, As Access Bank Goes After Neimeth Asset

Neimeth International has disclosed that Access Bank has served the company with a notice warning against dealing with investor and chairman of the drug firm, A.B.C Orjiako. The pharmaceutical company said it

Fakoyejo Olalekan

1 year ago

Business

MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Telecommunications company, MTN Nigeria, has disclosed its intention to raise N100 billion through an unsecured promissory note, commercial paper. In a corporate document released to the capital market authority, Nigerian Exchange Limited

Fakoyejo Olalekan

1 year ago

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

Business·Markets

Eterna Tops Gainers, NEM Leads Losers After Stock Market Activities

On Wednesday, the stock market capitalisation in Nigeria settled at N35.36 trillion, with the All-Share Index closing trading at 64,625.28 ASI. At the end of trading on Wednesday, investors traded 291.71 million

Fakoyejo Olalekan

1 year ago

Tinubu Sets Up Committee To Tackle Flood Crisis

Business

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

President Bola Tinubu is considering selling a stake in the Nigerian National Petroleum Company (NNPC) Limited and 19 other national assets or entities. Tinubu is looking to raise capital from the sale

Fakoyejo Olalekan

1 year ago

Business·Health

GSK Says Firm Not Halting Business In Nigeria, Regulatory Requirements To Delay Third-Party Transition

Amid reports that United Kingdom pharmaceutical manufacturer, Glaxo SmithKline (GSK), is leaving Nigeria, the company said it is only changing its business model in the country. Recall that Prime Business Africa reported

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

Authorised Dealers Increase Price Of Dollars

The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday. According to data released by the FMDQ

Fakoyejo Olalekan

1 year ago

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

Business·Markets

Nigerian Bourse Crashes, Stock Market Cap Loses N58.47bn

Nigerian Stock Exchange crashed on Tuesday by 0.16 per cent or N58.47 billion, after the bourse’s capitalisation depreciated to N35.35 trillion, from Monday’s N35.41 trillion. The All-Share Index fell from 65,036.37 ASI

Fakoyejo Olalekan

1 year ago

Business

Kogi, Lagos Record Highest Rate, As Inflation Soar To 24.08% In July

Inflation rate in Nigeria soared to 24.08 per cent in July, the National Bureau of Statistics (NBS) has revealed in its Consumer Price Index (CPI) report. The NBS disclosed that inflation accelerated

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

Dollar Falls In Official Window, Black Market USD Rate Drops To N910

Neimeth CEO, Gerald Oputa, Resigns After Poor Financial Performance, N263.05m Loss

Orjiako In More Trouble, As Access Bank Goes After Neimeth Asset

MTN Nigeria To Raise N100bn Through Unsecured Commercial Paper

Eterna Tops Gainers, NEM Leads Losers After Stock Market Activities

Tinubu To Sell Stakes In NNPC, 19 Other Gov’t Entities

GSK Says Firm Not Halting Business In Nigeria, Regulatory Requirements To Delay Third-Party Transition

Authorised Dealers Increase Price Of Dollars

Nigerian Bourse Crashes, Stock Market Cap Loses N58.47bn

Kogi, Lagos Record Highest Rate, As Inflation Soar To 24.08% In July

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