Emmanuel Ochayi, Author at Prime Business Africa

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Thomas Wyatt, Omatek, Others Among Top Gainers As ASI Drops 0.27%

Despite the broader market’s 0.27% decline on Friday, certain stocks stood out with gains. The NGX All-Share Index closed at 66,915.41 points, representing a slight dip from the previous day’s 67,098.81 points.

Emmanuel Ochayi

October 21, 2023

Naira Appreciates Against Dollar At Official, Black Market

Business·Currency

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

The naira has experienced a 5.4% decline affecting both the official and black markets. The official rate on the NAFEM closed at N808/$1, while the parallel market saw N1170/$1. This downturn marks

Emmanuel Ochayi

October 21, 2023

News

Nigerian Govt Plans 34,500 Affordable Homes Nationwide To Tackle Housing Shortage

The Nigerian federal government is set to address the severe housing shortage in the country by providing 34,500 affordable homes nationwide. In a statement, the Minister of Housing and Urban Development, Mr.

Emmanuel Ochayi

October 20, 2023

News

Adewale Adeniyi Confirmed As Nigeria Customs Comptroller-General

President Bola Tinubu has confirmed Adewale Adeniyi as the Comptroller-General of the Nigeria’s Custom Service. The confirmation comes nearly four months after President Tinubu initially entrusted Adeniyi with the role in an

Emmanuel Ochayi

October 20, 2023

Naira Rises Against Dollar, Ends Week On Positive Note

Business

Naira Slides Further To N1,160/$1 In Parallel Market

The Nigerian Naira continues to weaken against the US dollar in the parallel market, reaching a new low of N1,160 per US dollar. This marks a decline from the N1,100 exchange rate

Emmanuel Ochayi

October 20, 2023

News

PTI, NNPC RTI Partner To Develop CNG For Automobiles, Tricycles

The Petroleum Training Institute (PTI) is partnering with the Nigerian National Petroleum Company Research, Technology and Innovation Division (NNPC RTI) to spearhead a new era of transportation by unveiling its plan to

Emmanuel Ochayi

October 20, 2023

Elon Musk Now Twitter's Biggest Shareholder

News

Elon Musk Loses $24bn, 9% Of Tesla Stock Yet Remains World’s Richest

Tesla’s stocks plummeted by 9%, causing Elon Musk’s net worth to shrink by $24 billion. Despite this setback, Musk still holds the title of the world’s wealthiest individual, with a net worth

Emmanuel Ochayi

October 20, 2023

News

Sanusi Warns Against Over Reliance On Oil, Advocates Economic Diversification

Former Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, has warned about the dangers of Nigeria’s sole dependence on oil, stating that “Oil is not enough to make us rich but

Emmanuel Ochayi

October 20, 2023

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

Business·Markets

Market Capitalisation Takes N140bn Hit As Stanbic IBTC, MTN, Others Record Losses

Nigerian Exchange Limited (NGX) experienced a downturn in the equities market, resulting in a drop in market capitalisation by N140 billion. The losses were primarily attributed to declines in Stanbic IBTC, MTN

Emmanuel Ochayi

October 20, 2023

News

Tinubu Appoints Olasupo Olusi As Bank Of Industry CEO

President Bola Tinubu has appointed Dr. Olasupo Olusi as the Managing Director and Chief Executive Officer of the Bank of Industry (BoI) for a four-year term. The decision, announced by the Special

Emmanuel Ochayi

October 20, 2023

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Emmanuel Ochayi

Thomas Wyatt, Omatek, Others Among Top Gainers As ASI Drops 0.27%

Naira Exchange Rate Dips 5.4% To N808/$ Official, N1,170/$1 Black Market

Nigerian Govt Plans 34,500 Affordable Homes Nationwide To Tackle Housing Shortage

Adewale Adeniyi Confirmed As Nigeria Customs Comptroller-General

Naira Slides Further To N1,160/$1 In Parallel Market

PTI, NNPC RTI Partner To Develop CNG For Automobiles, Tricycles

Elon Musk Loses $24bn, 9% Of Tesla Stock Yet Remains World’s Richest

Sanusi Warns Against Over Reliance On Oil, Advocates Economic Diversification

Market Capitalisation Takes N140bn Hit As Stanbic IBTC, MTN, Others Record Losses

Tinubu Appoints Olasupo Olusi As Bank Of Industry CEO

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