Emmanuel Ochayi, Author at Prime Business Africa

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

In a dramatic plunge, the Nigerian Naira plummeted to a historic low of N951/$1, marking a 15.19% depreciation in the official market. Wednesday’s trading saw fluctuations, with an intraday high of N1159.10/$1

Emmanuel Ochayi

1 year ago

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

Business·Latest News·Markets

First Bank’s Market Surge Leads NGX As ASI Appreciates By 0.78%

In an unprecedented surge, the Nigerian Exchange Group (NGX) witnessed an ascent in market indices today, highlighted by the All-Share Index (ASI) rallying by 0.78% to conclude at 71,808.64 points. This surge

Emmanuel Ochayi

1 year ago

Gbajabiamila Apologises For Posting Harvard Photos On Twitter

Gbajabiamila Denies N10 Billion Personal Residence Renovation, Calls For Responsible Debate

In a rebuttal against claims of N10 billion allocated for his residence renovation, Chief of Staff to the President, Femi Gbajabiamila, dismissed the allegations as misinformation from purveyors of fake news. Addressing the

Emmanuel Ochayi

1 year ago

Africa·Business·Latest News·World News

World Bank To Allocates $5bn To Empower 100 Million Africans Through Electricity Initiatives

Addressing an assembly in Zanzibar, Tanzania, Ajay Banga, the president of the World Bank outlined an ambitious initiative to empower 100 Million Africans through the availability of electricity across Africa by 2030.

Emmanuel Ochayi

1 year ago

Business·Latest News·Oil & Gas

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

In a determined move to resuscitate the long-dormant Ajaokuta Steel Company, the Federal Government has earmarked N4.45 billion in the 2024 budget, demonstrating a noticeable increase from the previous year’s allocation of

Emmanuel Ochayi

1 year ago

Business·Latest News·World News

TikTok Owner, ByteDance Utilizes $50 Billion Cash Reserve To Repurchase Shares

ByteDance, the powerhouse behind TikTok and Douyin, announced a move to repurchase up to $5 billion worth of shares from investors, drawing from its $50 billion cash reserve. The company, renowned for

Emmanuel Ochayi

1 year ago

Nigeria's Wheat Imports Witness a Decline, Minister Foresees End To Imports In Upcoming Years

Business·Latest News

Nigeria’s Wheat Imports Decline, Minister Foresees End To Imports

Nigeria, grappling with an import bill of around N970.22 billion on wheat in the last year, has seen a notable decline in figures according to the National Bureau of Statistics’ foreign trade

Emmanuel Ochayi

1 year ago

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

Business·Currency·Latest News

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

In a turn of events on Tuesday, the Nigerian naira exhibited an uptick against the dollar, closing at N806.73/$1 in the official market, marking a 3.85% appreciation. The Forex turnover surged by

Emmanuel Ochayi

1 year ago

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

Business·Latest News·Markets

NGX Appreciates By 0.43%, NSLTECH, FBNH, MULTIVERSE Lead Gainers

In a shift from the previous day’s bearish market trend, the Nigerian Exchange Group (NGX) rebounded with an encouraging 0.43% surge, concluding at 71,250.17 points. This bullish momentum instigated a rise in

Emmanuel Ochayi

1 year ago

2024 Budget: Gov Makinde Presents N434.4bn As Education Gets Highest With 20.8%

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

Governor Seyi Makinde of Oyo State has presented the 2024 budget of N434.4 billion to the state assembly with Education getting the lion’s share. With a resolute focus on revamping critical sectors,

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

Naira Hits New Record Low At N951/$1 – Experts Urge Drastic Economic Shifts

First Bank’s Market Surge Leads NGX As ASI Appreciates By 0.78%

Gbajabiamila Denies N10 Billion Personal Residence Renovation, Calls For Responsible Debate

World Bank To Allocates $5bn To Empower 100 Million Africans Through Electricity Initiatives

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

TikTok Owner, ByteDance Utilizes $50 Billion Cash Reserve To Repurchase Shares

Nigeria’s Wheat Imports Decline, Minister Foresees End To Imports

Naira Appreciates To N806.73/$1, Forex Turnover Hits $142.63m Amidst Stability Efforts

NGX Appreciates By 0.43%, NSLTECH, FBNH, MULTIVERSE Lead Gainers

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

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