Emmanuel Ochayi, Author at Prime Business Africa

How 29 State Governors Spent N2tn On Travel, Sitting Allowances, Others— Report

Report Reveals How 29 Governors Spent N2tn On Recurrent Expenditures

A recent report has revealed that 29 state governors in Nigeria collectively spent ₦1.994 trillion on various recurrent expenditures in the first nine months of 2024. These expenditures included travel costs, sitting

Emmanuel Ochayi

3 months ago

News·Top Stories·World News

Things To Know About Howard Lutnick, Trump’s pick For Commerce Secretary

President-elect Donald Trump has nominated Howard Lutnick, the CEO of Cantor Fitzgerald, as his choice for Commerce Secretary. Lutnick, known for his resilience and business acumen, is expected to bring his expertise

Emmanuel Ochayi

3 months ago

Nigeria's Stock Market Gains N82bn As NGX Rebounds After Two Days Of Losses

Business·Markets·News

Stock Market Dips By 0.06% As Trading Volume Reaches N12.84bn

The Nigerian stock market experienced a downturn on Thursday, with key indices closing slightly lower by 0.06%. This came as investors refrained from aggressive buying, causing the All-Share Index (ASI) to dip

Emmanuel Ochayi

3 months ago

Business·FEATURES·News·Top Stories

Tax Reform Bills: How Good Policy Can Turn Sour

When the Nigerian government unveiled the Tax Reform Bills, it was met with cautious optimism. Promising to streamline over 66 tax levies into a manageable eight and boost investment through equitable tax

Emmanuel Ochayi

3 months ago

News

Nigerian Debt: Why Are States Still Borrowing Despite Increased FAAC Allocations?

Nigerian states are in a growing financial bind. Despite substantial increases in Federal Accounts Allocation Committee (FAAC) disbursements, they are racking up more debt. The figures paint a worrying picture: as of

Emmanuel Ochayi

3 months ago

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·News·Top Stories

Naira Gains Stronger Footing As Dollar Dips To N1,567 Following CBN’s Fx Policy

The Naira strengthened significantly across foreign exchange markets on Thursday, closing at N1,567 to the dollar. This marks a N41 or 2.5% gain from Wednesday’s rate of N1,608 at the Nigerian Foreign

Emmanuel Ochayi

3 months ago

Business·News·Top Stories

Sanwo-Olu Explains Nigerians’ Resistance To Tax Reform Bills

Governor Denies Lagos’ Dominance Over Tax Reform Bills Governor Babajide Sanwo-Olu of Lagos State has clarified misconceptions about the recently proposed tax reform bills, denying claims that Lagos would disproportionately benefit from

Emmanuel Ochayi

3 months ago

Why Nigeria's Foreign Debt Rises To N30trn- Report

Business·News·Top Stories

How Naira Depreciation Shot Nigeria’s Foreign Debt To N30trn- Report

Naira Devaluation Drives Foreign Debt Increase Nigeria’s foreign debt has surged to N30 trillion in naira terms due to significant currency depreciation. The Debt Management Office (DMO) revealed that external obligations, although

Emmanuel Ochayi

3 months ago

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Business·News·Oil & Gas

How Marketers Import 2.3bn Litres of Fuel In 3 Months Despite Local Refinery Operations

Marketers Persist with Fuel Imports Despite the operational launch of two major refineries in Nigeria, the Dangote Petroleum Refinery and the Port Harcourt Refining Company, oil marketers have continued to import fuel.

Emmanuel Ochayi

3 months ago

News·Top Stories·World News

Things To Know About Tulsi Gabbard, Trump’s Pick For Director Of National Intelligence

Who Is Tulsi Gabbard? Former Congresswoman Tulsi Gabbard is set to become Director of National Intelligence, according to an announcement by President-elect Donald Trump. A military veteran and one-time Democratic representative, Gabbard’s

Emmanuel Ochayi

3 months ago

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Emmanuel Ochayi

Report Reveals How 29 Governors Spent N2tn On Recurrent Expenditures

Things To Know About Howard Lutnick, Trump’s pick For Commerce Secretary

Stock Market Dips By 0.06% As Trading Volume Reaches N12.84bn

Tax Reform Bills: How Good Policy Can Turn Sour

Nigerian Debt: Why Are States Still Borrowing Despite Increased FAAC Allocations?

Naira Gains Stronger Footing As Dollar Dips To N1,567 Following CBN’s Fx Policy

Sanwo-Olu Explains Nigerians’ Resistance To Tax Reform Bills

How Naira Depreciation Shot Nigeria’s Foreign Debt To N30trn- Report

How Marketers Import 2.3bn Litres of Fuel In 3 Months Despite Local Refinery Operations

Things To Know About Tulsi Gabbard, Trump’s Pick For Director Of National Intelligence

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