Emmanuel Ochayi, Author at Prime Business Africa

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Dangote Refinery Raises Diesel Prices To N1,100 Amid Naira’s Decline

Dangote Petroleum Refinery has increased the price of its Automotive Gas Oil (diesel) from N940/litre to N1,100/litre due to the recent depreciation of the naira against the US dollar. The refinery’s decision,

Emmanuel Ochayi

10 months ago

Business·Latest News

Nigeria Customs Seizes 58,000 Sachets Of Tramodol, Analgin Injection Being Conveyed To Bandits In Kaduna Worth Over N3bn

The Nigeria Customs Service, Federal Operations Unit, Zone B, has made a seizure of contraband goods worth over N3 billion in the North-West and North-Central zones. The seized items include 58,750 sachets

Emmanuel Ochayi

10 months ago

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

Business·Latest News·Markets

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Nigeria’s equities market saw a modest gain of 0.11% on Tuesday, driven by heightened investor interest in Nestle Nigeria Plc. The company’s upcoming annual meeting on May 22 prompted increased buying activity,

Emmanuel Ochayi

10 months ago

Business·Latest News

Minimum Wage Negotiations: Labour Rejects Government’s N54,000 Offer

In the latest round of negotiations for a new national minimum wage, tensions escalated as organized Labour rejected the Federal Government’s proposal of N54,000 during a meeting on Tuesday. This rejection marks

Emmanuel Ochayi

10 months ago

Business·Latest News·Politics

Electricity Tariff Hike: Workers Lock Out Minister During Protest, Issue 14-day Ultimatum

eIn a dramatic turn of events yesterday, members of the National Union of Electricity Employees (NUEE) and the Senior Staff Association of Electricity and Allied Companies (SSAEAC) staged a shutdown at the

Emmanuel Ochayi

10 months ago

Africa·Latest News·World News

South Africa’s Court Bars Jacob Zuma From May 29 Parliamentary Election Over Criminal Conviction

In a landmark ruling on Monday, South Africa’s highest court, the Constitutional Court, has barred former President Jacob Zuma from contesting a seat in Parliament in the upcoming national election. The court’s

Emmanuel Ochayi

10 months ago

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

Business·Latest News·Markets

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

Nigeria’s foreign exchange (FX) reserves have shown a notable increase of approximately $535 million in just under a month, highlighting a positive trend amidst ongoing economic uncertainties. According to recent data from

Emmanuel Ochayi

10 months ago

Naira To Strengthen Further As Dangote Industries Repatriates $688m From African Operations

Business·Latest News

I Need 35 Visas To Travel Around, Dangote Decries African Travel Restrictions

At the Africa CEO Forum Annual Summit in Kigali, Rwanda, Aliko Dangote, Nigeria’s renowned business tycoon, expressed frustration over the arduous travel procedures stifling movement across the African continent. Dangote, a vocal

Emmanuel Ochayi

10 months ago

Business·Latest News

Food Imports Hit N3trn Over Insecurity, Others – CBN

The Central Bank of Nigeria (CBN) has disbursed a substantial $2.13 billion in 2023 for food imports, highlighting persistent challenges in the country’s agricultural sector despite efforts to boost local production. According

Emmanuel Ochayi

10 months ago

Business·Latest News·Markets

Equity Market Gains N29bn As Investors Eye MPC Outcome

Nigeria’s equity market saw a marginal uptick on Monday, with gains of 0.05% amounting to N29 billion, as investors kept a keen watch on the ongoing Monetary Policy Committee (MPC) meeting. The

Emmanuel Ochayi

10 months ago

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Emmanuel Ochayi

Dangote Refinery Raises Diesel Prices To N1,100 Amid Naira’s Decline

Nigeria Customs Seizes 58,000 Sachets Of Tramodol, Analgin Injection Being Conveyed To Bandits In Kaduna Worth Over N3bn

Equity Market Rises 0.11% As Investors Flock To Nestle Nigeria Plc Ahead Of Annual Meeting

Minimum Wage Negotiations: Labour Rejects Government’s N54,000 Offer

Electricity Tariff Hike: Workers Lock Out Minister During Protest, Issue 14-day Ultimatum

South Africa’s Court Bars Jacob Zuma From May 29 Parliamentary Election Over Criminal Conviction

Nigeria’s FX Reserves Rise By $535m In 28 Days Amidst Market Volatility

I Need 35 Visas To Travel Around, Dangote Decries African Travel Restrictions

Food Imports Hit N3trn Over Insecurity, Others – CBN

Equity Market Gains N29bn As Investors Eye MPC Outcome

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