Emmanuel Ochayi, Author at Prime Business Africa

Naira Falls To N1,500 per Dollar As FX Scarcity Worsens

Naira Stable On More Dollar Sales

The naira remained stable across foreign exchange markets on Tuesday, with a surge in dollar sales by 94.46% at the official market. Despite the fluctuations, the local currency showed resilience, reflecting the

Emmanuel Ochayi

9 months ago

TUC Warns of Nationwide Strike Over New ATM Withdrawal Fee

Business·Latest News·Politics

Minimum Wage: Labour Union’s N494k Demand Is Not Fixed, Says TUC President

Festus Osifo, President of the Trade Union Congress (TUC), clarified on Tuesday that the N494,000 minimum wage demand is not fixed, emphasizing that organized labor approached negotiations with an ideal scenario in

Emmanuel Ochayi

9 months ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Latest News·Oil & Gas·World News

OPEC Sees Oil Output Rise In May As Nigeria, Iraq Lead Increase- Report

OPEC’s oil production saw a notable increase in May 2024, driven by higher exports from Nigeria and Iraq. According to a Reuters survey released on Tuesday, the Organisation of the Petroleum Exporting

Emmanuel Ochayi

9 months ago

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

Business·Latest News·Markets

Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

The Nigerian Exchange witnessed a loss on Monday, shedding N102 billion in equity market. This downturn was primarily driven by declines in key stocks such as First Bank of Nigeria Holdings, Seplat

Emmanuel Ochayi

9 months ago

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

Business·Latest News·Politics

NLC, 30 Others Join Ongoing Nationwide Strike (Full List)

The Nigeria Labour Congress (NLC) and thirty other unions have initiated an indefinite nationwide strike, citing the Federal Government’s refusal to raise the minimum wage from N60,000. The strike, set to commence

Emmanuel Ochayi

9 months ago

Equity Market Begins July With 0.04% Decline

Business·Latest News·Markets

Nigerian Equity Market Sees Positive Week With N954 billion Gain

The Nigerian equity market had a positive performance last week, with investors gaining N954 billion. By the end of the week, the market capitalisation and the All-Share Index both increased by 0.02

Emmanuel Ochayi

9 months ago

Business·Latest News

Minimum Wage: Labour Union Begins Nationwide Strike

Nigeria faces a nationwide strike today led by organized labour unions, seeking to enforce a new national minimum wage. The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC)

Emmanuel Ochayi

9 months ago

NLC Cancels Planned Protest After Agreement On 35% Telecom Tariff Hike

Business·Latest News

Strike Action Could Cripple Economy, Warns Private Sector

The Organised Private Sector has raised the alarm over the proposed strike by organised labour, scheduled to start today, warning of severe economic repercussions. The Nigeria Labour Congress (NLC) declared an indefinite

Emmanuel Ochayi

9 months ago

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Business·Latest News·Oil & Gas

Aliko Dangote Criticises Fuel Importers For Blocking African Refinery Development

Aliko Dangote, Africa’s richest man and owner of the $20 billion Dangote Refinery, has accused fuel importers of preventing African governments from constructing new refineries. In an interview with CNN’s Eleni Giokos

Emmanuel Ochayi

9 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Latest News·Markets

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

The exchange rate for Nigeria Customs duties collection has surged by 23.9%, rising from N1,196.6 per USD to N1,482.9/$. This increase of N286.3 occurred over just two days, starting from 30th May

Emmanuel Ochayi

9 months ago

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Emmanuel Ochayi

Naira Stable On More Dollar Sales

Minimum Wage: Labour Union’s N494k Demand Is Not Fixed, Says TUC President

OPEC Sees Oil Output Rise In May As Nigeria, Iraq Lead Increase- Report

Equity Market Sees Decline As Nigerian Exchange Loses N102 billion

NLC, 30 Others Join Ongoing Nationwide Strike (Full List)

Nigerian Equity Market Sees Positive Week With N954 billion Gain

Minimum Wage: Labour Union Begins Nationwide Strike

Strike Action Could Cripple Economy, Warns Private Sector

Aliko Dangote Criticises Fuel Importers For Blocking African Refinery Development

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

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