Emmanuel Ochayi, Author at Prime Business Africa

Naira vs Dollar: What To Expect This Week

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

The Nigerian naira faced depreciation against the US dollar on Thursday, reaching N1,533.99 per dollar in the official NAFEM Window. This marks a notable 4.89% decline from the previous day’s rate of

Emmanuel Ochayi

10 months ago

Africa·Latest News·World News

Tinubu, Faye Call For Regional Unity In West Africa To Tackle Challenges

President Bola Tinubu of Nigeria and President Diomaye Faye of Senegal have underscored the urgent need for cohesive regional cooperation in West Africa. The leaders met at the State House to discuss

Emmanuel Ochayi

10 months ago

Business·Latest News

Why World Bank Blacklists 58 Nigerian Companies, Persons For Corruption

In a move aimed at curbing corruption, the World Bank has blacklisted 58 Nigerian companies and individuals. This action prohibits them from engaging in any projects or operations funded by the World

Emmanuel Ochayi

10 months ago

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Business·Latest News

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Ahead of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting later this month, the Centre for the Promotion of Public Enterprise (CPPE) has issued a plea for a cautious

Emmanuel Ochayi

10 months ago

Djibouti's Economic Potential Unveiled As Inaugural Forum Sparks Global Interest

Africa·Business·Latest News·World News

Djibouti Forum 2024: Unveiling Economic Potential Sparks Global Interest

The inaugural Djibouti Forum concluded on a high note, igniting optimism among investors worldwide. Attended by nearly 400 delegates, including heavyweight institutional investors overseeing $2.5 trillion in assets, the event showcased Djibouti’s

Emmanuel Ochayi

10 months ago

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

Business·Latest News·Markets

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

The Naira showed resilience as it bounced back against the dollar at the end of Wednesday, recovering from a week-long depreciation in both official and unofficial foreign exchange markets. “I’m glad to

Emmanuel Ochayi

10 months ago

Nigeria's Inflation Drops To 24.48% In January

Business·Latest News

Inflation Hits 33.69%: Imported Food Prices Rise As Economic Hardship Bites

Nigeria’s inflation rate has risen for the 16th consecutive month, reaching 33.69% in April 2024. This increase is attributed to a surge in food prices, electricity tariffs, and transportation costs. The National

Emmanuel Ochayi

10 months ago

Business·Latest News·Markets

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reinforced its stance that it will not intervene in determining the prices of petroleum products from the Dangote Refinery once it becomes

Emmanuel Ochayi

10 months ago

Business·Latest News·Markets

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

In a bid to curb illegal currency trading and stabilize the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) intensified its efforts, conducting raids on Bureau De Change (BDC) operators across

Emmanuel Ochayi

10 months ago

Equity Market Begins July With 0.04% Decline

Business·Latest News·Markets

Equity Market Sees Lowest Point Despite Bullish Start To 2024

The equity market faced a downturn on Tuesday as the benchmark index dropped to 97,473.98, a reversal from the bullish trend observed earlier this year. This decline marks a departure from the

Emmanuel Ochayi

10 months ago

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Emmanuel Ochayi

Naira Depreciates To N1,533/$1 At Official Rate Amidst Market Turbulence

Tinubu, Faye Call For Regional Unity In West Africa To Tackle Challenges

Why World Bank Blacklists 58 Nigerian Companies, Persons For Corruption

Be Cautious On Monetary Policy Tightening As Businesses Yet To Recover From Previous Hikes, CPPE Tells CBN

Djibouti Forum 2024: Unveiling Economic Potential Sparks Global Interest

Naira Bounces Back After 1 Week Depreciation, Hits 1,459.02/$1

Inflation Hits 33.69%: Imported Food Prices Rise As Economic Hardship Bites

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

Equity Market Sees Lowest Point Despite Bullish Start To 2024

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