Emmanuel Ochayi, Author at Prime Business Africa

CBN Imposes N150m Fines On Banks Over Naira Hawking, Warns Of Tougher Sanctions

CBN Imposes N150m Fine On Banks Over Naira Hawking, Warns Of Tougher Sanctions

The Central Bank of Nigeria (CBN) has imposed a N150 million fine on Deposit Money Banks (DMBs) found guilty of supporting the illegal trade of mint naira notes. This move is part

Emmanuel Ochayi

3 months ago

Nigeria’s Tax Reform Bills: A Necessary Shift Or A Burden On Citizens?

Business·FEATURES·News

Nigeria’s Tax Reform Bills: Necessary Shift Or Burden On Citizens?

Nigeria’s government has introduced sweeping tax reform bills to broaden the country’s revenue base and reduce its reliance on oil. With interest rates soaring above 27% and inflation surpassing 30%, the move

Emmanuel Ochayi

3 months ago

Nigeria's Stock Market Gains As NGX Rebounds After Two Days Of Losses

Business·Markets·News

Nigerian Equity Market Hits N60trn Mark As Stocks Surge

The Nigerian equity market has reached a major milestone as its capitalisation surpassed N60 trillion at the close of trading on Friday. This achievement follows a surge in share prices of key

Emmanuel Ochayi

3 months ago

Yuletide: Nigerians React To Petrol Price Shift As Experts Debate Domestic Refining vs Imports

Business·FEATURES·News·Oil & Gas

Yuletide: Nigerians React To Petrol Price Shift, Experts Debate Domestic Refining vs. Imports

The recent reduction in the landing cost of petrol to N900.28 per litre has sparked diverse reactions among Nigerians. While some view it as a sign of possible retail price relief for

Emmanuel Ochayi

3 months ago

News·Top Stories·World News

What To Know About Lee Zeldin, Trump’s Pick For Environmental Protective Agency

President-elect Donald Trump has named former New York congressman Lee Zeldin as the new head of the Environmental Protection Agency (EPA). Trump described Zeldin as a leader who will “unleash the power

Emmanuel Ochayi

3 months ago

News·Tech News·World News

Amazon, Meta Donate $1M Each To Trump’s Inauguration Fund

Amazon and Meta have each donated $1 million to President-elect Donald Trump’s inauguration fund. The fund supports activities and events linked to the transition of a new president. A spokesperson for Amazon

Emmanuel Ochayi

3 months ago

Business·Markets·News

How EFEMS Transparency Fuels Naira Demand In Parallel Market

The Central Bank of Nigeria’s (CBN) Electronic Foreign Exchange Matching System (EFEMS) has created ripples in the forex market, driving increased demand for the naira in the parallel market. Experts say the

Emmanuel Ochayi

3 months ago

Nigeria's Oil Gamble: Will Dangote Refinery, NNPCL's Naira-for-crude Deal Reshape the Energy Market?

Business·News·Oil & Gas

Petrol Landing Cost Drops By N36, Offering Some Relief Amid High Prices

The cost of landing petrol in Nigeria has dropped by N36, reaching N900.28 per litre on Thursday, December 12, 2024. This price reduction, reported by the Major Energies Marketers Association of Nigeria,

Emmanuel Ochayi

3 months ago

Nigeria's Equity Market Declines By 0.07% As Investors Remain Cautious

Business·Markets·News

Nigeria’s Equity Market Continues Upward Trend With 0.25% Gain

The Nigerian equity market saw a modest gain on Thursday, rising by 0.25% and marking the third consecutive day of growth this week. The positive performance of key stocks, especially in the

Emmanuel Ochayi

3 months ago

Chartered Institute of Directors Honours Prof. Kingsley Moghalu, Seplat Energy, Others

Business·News

Chartered Institute of Directors Honours Moghalu, Seplat Energy, Others

The Chartered Institute of Directors (CIoD) has honoured Prof. Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), Seplat Energy PLC, and other distinguished individuals and organisations for their

Emmanuel Ochayi

3 months ago

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Emmanuel Ochayi

CBN Imposes N150m Fine On Banks Over Naira Hawking, Warns Of Tougher Sanctions

Nigeria’s Tax Reform Bills: Necessary Shift Or Burden On Citizens?

Nigerian Equity Market Hits N60trn Mark As Stocks Surge

Yuletide: Nigerians React To Petrol Price Shift, Experts Debate Domestic Refining vs. Imports

What To Know About Lee Zeldin, Trump’s Pick For Environmental Protective Agency

Amazon, Meta Donate $1M Each To Trump’s Inauguration Fund

How EFEMS Transparency Fuels Naira Demand In Parallel Market

Petrol Landing Cost Drops By N36, Offering Some Relief Amid High Prices

Nigeria’s Equity Market Continues Upward Trend With 0.25% Gain

Chartered Institute of Directors Honours Moghalu, Seplat Energy, Others

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