Emmanuel Ochayi, Author at Prime Business Africa

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Latest News·Oil & Gas·World News

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

OPEC’s Secretary General, Haitham Al-Ghais, called upon member nations to prioritize emission reductions over targeting fossil fuels, citing the necessity for a fair transition. Al-Ghais expressed concerns about politically motivated campaigns endangering

Emmanuel Ochayi

1 year ago

Business·Latest News

Umahi Unveils N1.5trn Debt In Unpaid Road Projects In Buhari’s Administration

Nigeria’s Minister of Works, David Umahi, unveiled N1.5 trillion debt inherited from past administrations, spotlighting unpaid certificates for ongoing road projects. In a press statement released by the Ministry on Saturday, Umahi

Emmanuel Ochayi

1 year ago

Business·Latest News

REA, NASENI Seal $150 Million Deal With Chinese Investors To Boost Battery Manufacturing

In a move towards enhancing Nigeria’s renewable energy infrastructure, the Rural Electrification Agency (REA) and the National Agency for Science and Engineering Infrastructure (NASENI) have inked a $150 million pact with SHENZEN

Emmanuel Ochayi

1 year ago

Africa·Business·Latest News

AfDB, FSDH Partner For $20M Trade Finance Boost To Nigerian SMEs

The African Development Bank (AfDB) has forged an agreement with FSDH Merchant Bank, signing a $20 million Trade Finance Facility aimed at bolstering support for small- and medium-sized enterprises (SMEs) within Nigeria’s

Emmanuel Ochayi

1 year ago

2024 Budget: Lawmakers Demand CBN, Customs Chiefs’ Appear For Review, Reject Representatives

The House of Representatives Committee on Appropriation took a stance on Friday, insisting that the Central Bank of Nigeria’s Governor and the Comptroller General of Customs must personally appear for the 2024

Emmanuel Ochayi

1 year ago

Business·Finance & Economy·Latest News

Moodys Upgrades Nigeria’s Credit Outlook To Positive Amid Inflation Rate Of 27.33%

Moody’s Investors Service, a global rating agency, has shifted Nigeria’s credit outlook from stable to positive, heralding a potential reversal in the country’s fiscal and external decline due to robust government reforms.

Emmanuel Ochayi

1 year ago

Geometric's Aba Power Plant Set For Commissioning Monday February 26

FG To Handover Power Distribution To States

In a move to tackle the enduring power shortages across Nigeria, the government is considering handing over power distribution of the 11 power distribution companies (DISCOs) to state governments. Minister of Power

Emmanuel Ochayi

1 year ago

Naira Appreciates To N1,610/$1 In Parallel Market

Business·Currency·Latest News

Naira Plunges To N1,099/$1 In Official Market, Triggering Economic Concerns Ahead Of Christmas

The Nigerian Naira hit an unprecedented low, closing at N1,099.05 per dollar on Friday, December 8th, 2023, in the official market. This marked a staggering depreciation from its previous rate, setting a

Emmanuel Ochayi

1 year ago

Business·Currency·Latest News

CBN Warns Over Surge In Fake Naira; Urges Vigilance Amidst Growing Concerns

In response to the escalating circulation of forged higher denomination banknotes within various commercial hubs across Nigeria, the Central Bank of Nigeria (CBN) has issued a warning on the surge in fake

Emmanuel Ochayi

1 year ago

Business·Latest News

Why Competition Is Vital For Telecom Sector Growth- NCC

In a meeting with Airtel Networks Limited, Dr Aminu Maida, the Executive Vice Chairman (EVC) of the Nigeria Communications Commission (NCC), stressed the role of competition in fostering a robust telecom sector.

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

COP28: OPEC Urges Members To Reject Fossil Fuel Phase-Out, Stresses Emission Cuts

Umahi Unveils N1.5trn Debt In Unpaid Road Projects In Buhari’s Administration

REA, NASENI Seal $150 Million Deal With Chinese Investors To Boost Battery Manufacturing

AfDB, FSDH Partner For $20M Trade Finance Boost To Nigerian SMEs

2024 Budget: Lawmakers Demand CBN, Customs Chiefs’ Appear For Review, Reject Representatives

Moodys Upgrades Nigeria’s Credit Outlook To Positive Amid Inflation Rate Of 27.33%

FG To Handover Power Distribution To States

Naira Plunges To N1,099/$1 In Official Market, Triggering Economic Concerns Ahead Of Christmas

CBN Warns Over Surge In Fake Naira; Urges Vigilance Amidst Growing Concerns

Why Competition Is Vital For Telecom Sector Growth- NCC

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