Emmanuel Ochayi, Author at Prime Business Africa

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

December 6, 2023

Africa·Business·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

December 6, 2023

Business·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

December 6, 2023

Business·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

December 6, 2023

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

Business·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

December 6, 2023

Naira vs Dollar: What To Expect This Week

Business·Currency·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

December 6, 2023

6 Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Business·Markets·News

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

December 6, 2023

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

News·Politics

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

December 5, 2023

Business·News·World News

Air Freight Pilots’ Strike Risks Amazon’s $117B Logistics Revenue

In a move that could disrupt Amazon’s extensive delivery network, pilots from Air Transport International (ATI), a crucial air freight provider for the tech giant, have voted to authorize a potential strike. This

Emmanuel Ochayi

December 5, 2023

Legal Battle Halts Ibeto Fraud Case: Lagos Govt, EFCC Clash In Court

News·Politics

Legal Battle Halts Ibeto Fraud Case, As Lagos Govt, EFCC Clash In Court

In a courtroom drama at the Lagos High Court, the much-anticipated arraignment of Chief Cletus Ibeto, Chairman of Ibeto Energy Development Company, over an alleged N4.8 billion fraud, faced yet another setback.

Emmanuel Ochayi

December 5, 2023

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Emmanuel Ochayi

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%

Air Freight Pilots’ Strike Risks Amazon’s $117B Logistics Revenue

Legal Battle Halts Ibeto Fraud Case, As Lagos Govt, EFCC Clash In Court

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Nigeria’s Public Debt Hits ₦42.25trn, DMO Insists Figure Within Threshold

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