Emmanuel Ochayi, Author at Prime Business Africa

Pension Assets Surge To N17.66tn; Worker Contributions Drive Substantial Growth

The contributory pension scheme has witnessed a remarkable surge to N17.66 trillion in total assets by the end of October 2023, as revealed by the National Pension Commission (PenCom) in its latest report.

Emmanuel Ochayi

1 year ago

Oil Theft, Vandalism Plague Nigeria's Oil Production, OPEC Reports Decline To 1.23mbpd

Business·Latest News·Oil & Gas·World News

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

The International Energy Agency (IEA) revealed a downward shift in the global crude oil demand for the fourth quarter of 2023, marking a significant decrease from projections. The agency anticipates a slip

Emmanuel Ochayi

1 year ago

Africa·Business·Latest News

Eni Affirms Italy’s Commitment To Invest In Africa For Energy

Claudio Descalzi, the CEO of Eni, emphasized Italy’s intent to invest in Africa in energy and migration management. Speaking during a political event in Rome. Descalzi underlined Italy’s need to steer energy

Emmanuel Ochayi

1 year ago

Business·Latest News

EFCC Urges Legislation On Unexplained Wealth To Curb Treasury Looting

Ola Olukoyede, Chairman of EFCC, emphasized the need for Nigeria to enact legislation against unexplained wealth. Olukoyede at an International Law Conference underscored the global impact of addressing unexplained wealth, citing jurisdictions

Emmanuel Ochayi

1 year ago

Business·Latest News

Federal Cash Transfer Scheme Fails To Reach 99.9% Of Targeted Vulnerable Households- World Bank

Data unveiled during the Nigeria Development Update (NDU) presented a stark reality: despite the Federal Government’s pledge to support low-income households with a monthly cash transfer of N25,000, a mere 0.1% of

Emmanuel Ochayi

1 year ago

Business·Latest News·World News

Red Sea Shipping Giants Suspend Trade Routes Amid Houthi Threats

In an unprecedented move, major shipping companies halted Red Sea shipments after Houthi attacks. The suspension was triggered by the attacks on vessels by Yemeni Houthi rebels, prompting A.P. Moller-Maersk and Hapag-Lloyd

Emmanuel Ochayi

1 year ago

2023 Elections·Latest News·Politics

SERAP Sues INEC Over Alleged Electoral Offences, Demands Prosecution, Financial Transparency

Socio-Economic Rights and Accountability Project (SERAP) has escalated its battle for electoral integrity by filing a lawsuit against the Independent National Electoral Commission (INEC). The suit, filed at the Federal High Court

Emmanuel Ochayi

1 year ago

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

Business·Latest News

NLC Denies Impending Strike, Calls Reports ‘Fake News’

The National Labour Congress (NLC) dismissed widespread rumors of an imminent nationwide strike scheduled for Monday, December 18, labeling the reports as “fake news.” Benson Upah, the Head of Information and Public

Emmanuel Ochayi

1 year ago

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Business·Latest News

Lagos Govt Approves N35,000 Wage, Grants 50% Bonus To Public Servants For December

In a move showcasing commitment to the welfare of Lagos State public servants, Governor Babajide Sanwo-Olu has approved financial benefits for December. Revealed through a circular titled ‘2023 End of Year Bonus

Emmanuel Ochayi

1 year ago

How Nigeria Loses $2.5bn Annually To Malnutrition - Shettima

Business·Latest News

How Nigeria Loses $2.5bn To Malnutrition Every Year – Shettima

Nigeria’s Vice President, Kashim Shettim, has ignited a drive to confront the country’s annual loss of $2.5 billion to chronic malnutrition which prevalence stands at 33 per cent. Inaugurating the Nutrition Core

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

Pension Assets Surge To N17.66tn; Worker Contributions Drive Substantial Growth

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

Eni Affirms Italy’s Commitment To Invest In Africa For Energy

EFCC Urges Legislation On Unexplained Wealth To Curb Treasury Looting

Federal Cash Transfer Scheme Fails To Reach 99.9% Of Targeted Vulnerable Households- World Bank

Red Sea Shipping Giants Suspend Trade Routes Amid Houthi Threats

SERAP Sues INEC Over Alleged Electoral Offences, Demands Prosecution, Financial Transparency

NLC Denies Impending Strike, Calls Reports ‘Fake News’

Lagos Govt Approves N35,000 Wage, Grants 50% Bonus To Public Servants For December

How Nigeria Loses $2.5bn To Malnutrition Every Year – Shettima

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