Emmanuel Ochayi, Author at Prime Business Africa

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024. Closing at N1,488.60/$1, the naira experienced a 0.78% drop from the previous day

Emmanuel Ochayi

9 months ago

Africa·Latest News·World News

Sudanese Village Attacked By RSF, Hundreds Feared Dead

Sudanese paramilitary, Rapid Support Forces (RSF), attacked the village of Wad Alnoura in Gezira State on Wednesday, resulting in the deaths of at least 100 people, according to local activists. This incident,

Emmanuel Ochayi

9 months ago

Business·Latest News·Politics

Minimum Wage: Public Outcry As Senate Okays Over N60m Annual Salary For CJN, Supreme Court Justices

There has been an outcry by Netizens over Senate’s passage, on Wednesday, of a bill seeking an upward review of salaries, allowances and other fringe benefits of judicial officers in the country, including

Emmanuel Ochayi

9 months ago

Intra-Africa Trade: Nigeria Ranks Fourth, Follows South Africa, Cote d’Ivoire, Egypt

Business·Latest News

Nigerian Govt To Suspend Import Duties On Food Items, Pharmaceutical, Others For 6 Months To Tackle Inflation

The Federal Government of Nigeria is set to implement a significant economic measure aimed at curbing inflation by suspending import duties on essential items for a period of six months. This decision,

Emmanuel Ochayi

9 months ago

Business·Latest News·Oil & Gas

Investors Withdrawal Looms For 20 modular refineries Over Crude Oil Supply

Funding for approximately 20 modular refineries in Nigeria, by International financiers, may have been put on hold, due to uncertainties surrounding crude oil supply guarantees post-construction. According to industry sources, the financiers,

Emmanuel Ochayi

9 months ago

Equity Market Begins July With 0.04% Decline

Business·Latest News·Markets

Nigeria’s Equity Market Sees First Gain Of The Week, Rises By 0.24%

Nigeria’s equities market recorded its first gain this week on Wednesday, as investors engaged in bargain hunting, pushing the market higher by 0.24%. This positive close came after two consecutive sessions of

Emmanuel Ochayi

9 months ago

Business·Latest News·World News

Binance Fraud: Nigerian Govt Promises Fairness As US Lawmakers Fault Executive’s Detention

The Federal Government of Nigeria has affirmed its adherence to due process in the ongoing legal proceedings against the cryptocurrency platform, Binance and one of its top executives, Tigran Gambaryan. On 28th

Emmanuel Ochayi

9 months ago

Journalists Push For Audit Reporting To Enhance Government Accountability

Journalists Push For Audit Reporting To Enhance Govt Accountability

In a bid to strengthen their watchdog role, journalists from North-East Nigeria have urged the media to adopt audit reporting as a vital tool to hold governments accountable.

Emmanuel Ochayi

9 months ago

Business·Latest News

Heritage Bank: FG Opens Online Platform For Depositors To Retrieve Funds From Defunct Bank

The Nigerian Deposit Insurance Corporation (NDIC) has started the liquidation process of Heritage Bank, following the Central Bank of Nigeria’s (CBN) decision to revoke the bank’s licence. The CBN made this announcement

Emmanuel Ochayi

9 months ago

Nigeria's Equity Market Rises By N2.5bn In February Despite Volatility

Business·Latest News·Markets

Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

Nigeria’s equity market moved further into negative territory on Tuesday, declining by 0.12 percent as investors took profits in several stocks, including International Energy, UPDC, Unity Bank, and Chams. This drop follows

Emmanuel Ochayi

9 months ago

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Emmanuel Ochayi

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

Sudanese Village Attacked By RSF, Hundreds Feared Dead

Minimum Wage: Public Outcry As Senate Okays Over N60m Annual Salary For CJN, Supreme Court Justices

Nigerian Govt To Suspend Import Duties On Food Items, Pharmaceutical, Others For 6 Months To Tackle Inflation

Investors Withdrawal Looms For 20 modular refineries Over Crude Oil Supply

Nigeria’s Equity Market Sees First Gain Of The Week, Rises By 0.24%

Binance Fraud: Nigerian Govt Promises Fairness As US Lawmakers Fault Executive’s Detention

Journalists Push For Audit Reporting To Enhance Govt Accountability

Heritage Bank: FG Opens Online Platform For Depositors To Retrieve Funds From Defunct Bank

Profit-Taking Dips Nigerian Equity Market By 0.12% Amid Banking, Insurance Activity

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