Emmanuel Ochayi, Author at Prime Business Africa

Nigeria’s Power Minister Advocates Naira Payments For Gas

In a bid to address the persistent challenges plaguing Nigeria’s power sector, Minister of Power, Adebayo Adelabu, has unveiled a proposal to mandate domestic gas payments in naira. This initiative aims to

Emmanuel Ochayi

1 year ago

Why Nigerian Airlines Have Been Unable To Compete With Foreign Operators - Keyamo

Business·Latest News·Transport

Airlines Brace For Fare Hikes Amid Soaring Fuel Costs, Forex Crisis

In the face of mounting challenges, Nigeria’s airline operators are signaling potential fare increases as aviation fuel prices surge above N1300 per litre. Obiora Okonkwo, spokesperson for local airlines, stated on Friday

Emmanuel Ochayi

1 year ago

Business·Latest News

The Cash Conundrum: How The Escalating Cash In Circulation Is Impacting Nigeria’s Inflation

In the bustling economic landscape of Nigeria, a concerning trend has emerged, one that threatens to disrupt the delicate balance of the nation’s financial stability. The Central Bank of Nigeria’s (CBN) latest

Emmanuel Ochayi

1 year ago

Business·Latest News

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

In the bustling landscape of the Nigerian Stock Exchange (NGX), two foreign telecom giants, Airtel and MTN, have become towering figures, casting a shadow over the nation’s economic sovereignty. The undeniable fact

Emmanuel Ochayi

1 year ago

Business·Latest News

Tinubu Signs New Electricity Act (Amendment) Bill Into Law

President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. This move underscores a shift in energy policy, prioritizing the needs of host communities. “Tinubu’s commitment to equitable development

Emmanuel Ochayi

1 year ago

Breaking: Senate Confirms Cardoso As CBN Governor, 4 Deputies

Business·Latest News

CBN Gov Declares End To Ways, Means For FG, Vows Tightened Monetary Policy

In a move to address economic challenges, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the cessation of Ways and Means advances to the Federal Government until

Emmanuel Ochayi

1 year ago

U.S Election: Trump Clinches Nevada’s GOP Caucuses Amid Haley’s Absence

Former United States President Donald J. Trump secured victory in Nevada’s Republican caucuses, consolidating his lead in the GOP nominating contest. The outcome, though predictable due to Trump’s sole major candidacy on

Emmanuel Ochayi

1 year ago

Nigerian Naira Vs US Dollar: What To Expect This week?

Business·Latest News·Markets

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

In a turn of events, the Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a significant 56% decline in transaction value, plummeting from $465.29 million on Tuesday to $203.93 million on Wednesday, as

Emmanuel Ochayi

1 year ago

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Business·Latest News·Markets

NGX: Market Turmoil As Equity Investors Lose N481bn Amidst Treasury Bill Frenzy

Nigeria’s equity market took a hit on Thursday as investors shifted their attention towards Treasury Bills, resulting in a loss of approximately N481 billion at the close of trading. The primary market

Emmanuel Ochayi

1 year ago

Business·Latest News

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

The Central Bank of Nigeria (CBN) has established a dedicated department to manage crude oil sales transactions previously handled by the Nigerian National Petroleum Company Limited (NNPCL). Mele Kyari, the Group Chief

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

Nigeria’s Power Minister Advocates Naira Payments For Gas

Airlines Brace For Fare Hikes Amid Soaring Fuel Costs, Forex Crisis

The Cash Conundrum: How The Escalating Cash In Circulation Is Impacting Nigeria’s Inflation

Nigeria’s Economic Independence Struggle: The Foreign Telecom Giants, Naira’s Dilemma

Tinubu Signs New Electricity Act (Amendment) Bill Into Law

CBN Gov Declares End To Ways, Means For FG, Vows Tightened Monetary Policy

U.S Election: Trump Clinches Nevada’s GOP Caucuses Amid Haley’s Absence

NAFEM Sees 56% Drop In Transactions As Naira Hits N1,480 Amid Rising Demand for Dollars

NGX: Market Turmoil As Equity Investors Lose N481bn Amidst Treasury Bill Frenzy

CBN Creates New Department For NNPCL Dollar Revenue Transaction Amid Criticism

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