Emmanuel Ochayi, Author at Prime Business Africa

Former Chinese Bank Manager Sentenced To Life Imprisonment In $325M Corruption Scandal

Ex-Chinese Bank Manager Sentenced To Life Imprisonment In $325m Corruption Scandal

In a decisive move reflecting China’s stance against corruption, Xu Guojun, once at the helm of the Bank of China branch, has been handed a life sentence for masterminding one of the

Emmanuel Ochayi

1 year ago

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

Business·Latest News·Markets

NGX 2023: 3 New Listings Propel N179bn Surge In Market Cap

In a robust year for the Nigerian Exchange Limited (NGX), the addition of three new equities has played a role, contributing N179 billion to the exchange’s market capitalization. This surge marks a

Emmanuel Ochayi

1 year ago

Business·Latest News

Wike Urges Swift Approval Of N17.1bn Budget Allocation For Critical Projects

Federal Capital Territory Minister, Nyesom Wike, has appealed to the National Assembly for speedy approval of crucial budget allocation to complete stalled projects. In a compelling plea before the joint session of

Emmanuel Ochayi

1 year ago

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

FAAC Allocates N1.088trn Revenue To Federal, State, LGAs For November

In a fiscal stride, the Federation Account Allocation Committee (FAAC) disbursed a total of N1.088 trillion derived from November 2023 Federation Account revenue from Federal, State, and Local governments. The distribution encompassed

Emmanuel Ochayi

1 year ago

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

Business·Currency·Latest News

Naira Gains, Dollar Drops In Official Market Despite Inflation

The Nigerian Naira showcased resilience against the US dollar across official and parallel markets, despite soaring inflation rates reported by the National Bureau of Statistics. November’s inflation figures revealed a surge, reaching

Emmanuel Ochayi

1 year ago

Elon Musk Assures Lenders Of Not Loosing Their Money Amidst Losses

Business·Latest News·World News

Elon Musk Assures Lenders Of Not Losing Money Amidst Losses

In a bid to reassure lenders amid mounting concerns over the declining business fortunes of X platform formerly known as Twitter, Elon Musk reportedly pledged to protect banks from losses on the

Emmanuel Ochayi

1 year ago

The African Union Advisory Board Against Corruption (AUABC) and the Pan African Lawyers Union (PALU) jointly highlighted the significance of the Common African Position on Asset Recovery (CAPAR) in reclaiming and managing African assets situated in foreign jurisdictions.

Africa·Latest News

AUABC, PALU Highlight Vital Role Of CAPAR In Asset Recovery

The African Union Advisory Board Against Corruption (AUABC) and the Pan African Lawyers Union (PALU) jointly highlighted the significance of the Common African Position on Asset Recovery (CAPAR) in reclaiming and managing

Emmanuel Ochayi

1 year ago

Agro-Economy·Business·Latest News

Agriculture: The Alternative Bank Moves To Tackle Hunger In Ogoniland

The Alternative Bank Limited has moved to tackle hunger in Ogoniland through its Agricultural Community Support Programme (ACSP). Their partnership with over 800 local farmers and Global Entrepreneurship City Limited signals a

Emmanuel Ochayi

1 year ago

Criminalising Refusal To Sing Anthem Not Our Priority – Lawyer

Business·Latest News

NASS To Probe $496m Payment For Itakpe Iron Ore Revitalization

The National Assembly has agreed to probe into the failed concession agreement involving $496 million payment to an Indian firm, Global Infrastructure Holding Limited (GIHL).

Emmanuel Ochayi

1 year ago

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Africa·Business·Latest News·World News

Debt Servicing: How High-Interest Rates Threaten Nigeria, Tanzania, Others’ Investments – World Bank

World Bank report has brought to light the alarming reality faced by developing nations, particularly Nigeria and Tanzania, as they grapple with the burden of debt servicing. Over the past four decades,

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

Ex-Chinese Bank Manager Sentenced To Life Imprisonment In $325m Corruption Scandal

NGX 2023: 3 New Listings Propel N179bn Surge In Market Cap

Wike Urges Swift Approval Of N17.1bn Budget Allocation For Critical Projects

FAAC Allocates N1.088trn Revenue To Federal, State, LGAs For November

Naira Gains, Dollar Drops In Official Market Despite Inflation

Elon Musk Assures Lenders Of Not Losing Money Amidst Losses

AUABC, PALU Highlight Vital Role Of CAPAR In Asset Recovery

Agriculture: The Alternative Bank Moves To Tackle Hunger In Ogoniland

NASS To Probe $496m Payment For Itakpe Iron Ore Revitalization

Debt Servicing: How High-Interest Rates Threaten Nigeria, Tanzania, Others’ Investments – World Bank

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