Emmanuel Ochayi, Author at Prime Business Africa

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

The price of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N925 per litre at private depots. This reduction follows Dangote Petroleum Refinery’s decision to lower its ex-depot price

Emmanuel Ochayi

4 days ago

China Hits Back On Trump With Tariffs On U.S. Imports

China Hits Back At Trump With Tariffs On U.S. Imports

China has announced new tariffs on U.S. imports in response to Washington’s latest trade restrictions. The country will impose a 15% tariff on coal and liquefied natural gas (LNG) and a 10%

Emmanuel Ochayi

4 days ago

Nigeria's Equity Market Gains 0.15% As Northern Nigeria Flour Mills, Beta Glass Lead Rally

Business·Latest News·Markets

Nigeria’s Stock Market Gains N83bn As Investors Buy Undervalued Stocks

Investors in Nigeria’s stock market gained about N83 billion on Monday, as the market’s key performance indicators closed higher by 0.13 per cent. The increase came as investors renewed interest in undervalued

Emmanuel Ochayi

4 days ago

Business·Latest News·Markets

Naira Gains Strength In Parallel Market, Trades at N1,605/$1

The Naira recorded a notable gain in the parallel market on Monday, appreciating by N5 against the US dollar. According to sources from Prime Business Africa, the local currency traded at N1,605

Emmanuel Ochayi

4 days ago

Trump’s Tariff Threats Shake Global Stock Markets

Stock markets around the world fell sharply on Monday as investors reacted to U.S. President Donald Trump’s announcement of new tariffs on Canada, China, and Mexico. The financial sector saw heavy losses,

Emmanuel Ochayi

4 days ago

Naira Holds Steady As CBN Extends Dollar Access To BDC Operators

Business·Latest News·Markets

Naira Strengthens By N63.72 Against Dollar As CBN Policies Boost Confidence

The naira recorded significant gains in January 2025, closing at N1,474.78 per dollar on January 31 at the Nigerian Foreign Exchange Market. This marked a 4.14% appreciation, gaining N63.72 against the dollar

Emmanuel Ochayi

5 days ago

Tinubu Did Not Order Obasa’s Reinstatement – Lagos Lawmakers

Members of the Lagos State House of Assembly have dismissed reports that President Bola Tinubu ordered them to reinstate former Speaker Mudashiru Obasa. A viral online report on Sunday claimed Tinubu had

Emmanuel Ochayi

5 days ago

Business·FEATURES·Latest News·Oil & Gas

Dangote Refinery’s Fuel Price Reductions: Will Nigerians See Cheaper Petrol Soon?

The price cuts at Dangote Refinery have sparked much hope for Nigerians who have long struggled with high fuel prices. On February 1, 2025, the refinery announced a notable reduction in the

Emmanuel Ochayi

5 days ago

Nigerian Stock Market Gains N884 Billion As Investors Push Market Higher

Business·Latest News·Markets

Nigerian Stock Market Ends January 2025 On Strong Note With 1.52% Growth

The Nigerian stock market closed January 2025 with strong gains, as the All-Share Index (ASI) jumped by 1,567.55 points to settle at 104,496.12 points. This represents a 1.52% increase from the month’s

Emmanuel Ochayi

5 days ago

LG Autonomy: Why LGAs Failed To Receive Monthly Allocations From Federation Accounts For January

Local government areas (LGAs) across Nigeria have encountered a major hurdle in receiving their monthly allocations directly from the federation accounts. Despite gaining financial autonomy through a Supreme Court ruling in July

Emmanuel Ochayi

6 days ago

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Emmanuel Ochayi

Petrol Price Drops To N925 At Private Depots, Marketers Count Losses

China Hits Back At Trump With Tariffs On U.S. Imports

Nigeria’s Stock Market Gains N83bn As Investors Buy Undervalued Stocks

Naira Gains Strength In Parallel Market, Trades at N1,605/$1

Trump’s Tariff Threats Shake Global Stock Markets

Naira Strengthens By N63.72 Against Dollar As CBN Policies Boost Confidence

Tinubu Did Not Order Obasa’s Reinstatement – Lagos Lawmakers

Dangote Refinery’s Fuel Price Reductions: Will Nigerians See Cheaper Petrol Soon?

Nigerian Stock Market Ends January 2025 On Strong Note With 1.52% Growth

LG Autonomy: Why LGAs Failed To Receive Monthly Allocations From Federation Accounts For January

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