Emmanuel Ochayi, Author at Prime Business Africa

Port Harcourt Refinery Rehabilitation Is over 90% completed — NNPCL Confirms

The Nigeria National Petroleum Company Limited (NNPCL) has announced that the New Port Harcourt Refinery (NPHR) is over 90% complete, with expectations to boost Nigeria’s local refining capacity. This update was shared

Emmanuel Ochayi

December 10, 2024

Business·News·Oil & Gas

Equinor Ends Operation In Nigeria After 30 Years, Sells $2bn Asset

Equinor has completed the sale of its stakes in Nigeria and Azerbaijan for a total of up to $2 billion. This move ends the Norwegian energy company’s 30-year presence in both countries

Emmanuel Ochayi

December 9, 2024

4 Reasons For 'Magic' Recovery Of The Naira

Business·Markets·News

4 Reasons For Naira’s ‘Magic’ Recovery

The naira’s recent “magic” recovery from N1700 to N1500 per dollar in less than two days has sparked widespread discussion. For months, Nigerians have witnessed a steady decline in the value of

Emmanuel Ochayi

December 9, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Markets·News

Nigerian Stock Market Records N319bn Gain In 1 Week As 51 Stocks Rise

The Nigerian stock market witnessed a notable turnaround last week, recording a N319 billion gain after weeks of mixed performances. The All-Share Index (ASI) increased by 0.72% to close at 98,210.75 points,

Emmanuel Ochayi

December 9, 2024

Business·News

How Foreign Investments In Telecoms Drop By $99m – NBS

Foreign investments in Nigeria’s telecommunications sector fell sharply to $14.4 million in the third quarter of 2024, representing an 87% drop from the $113.42 million recorded in Q2 2024. This sharp decline

Emmanuel Ochayi

December 9, 2024

News·Top Stories·World News

What You Need To Know About Scott Bessent, Trump’s Pick For Treasury Secretary

President-elect Donald Trump has chosen Scott Bessent, a hedge fund manager and former advisor to billionaire George Soros, as his pick for Treasury Secretary. If confirmed, Bessent will be the first openly

Emmanuel Ochayi

December 9, 2024

15 Interesting Facts To Know About Ghana President-elect John Mahama

Africa·News·Top Stories·World News

15 Interesting Facts To Know About Ghana’s President-elect, John Mahama

John Dramani Mahama has been declared the winner of Ghana’s recent presidential election, marking his return to the highest office in the country. His victory has drawn attention from across the world

Emmanuel Ochayi

December 9, 2024

Business·News·Top Stories

Cash Scarcity: Nigerians Decry Hardship As Banks Limit Withdrawals

In Nigeria, cash is more than a means of payment, it is a lifeline. It fuels daily transactions, from purchasing groceries to paying for transport. Yet, a cloud of uncertainty hangs over

Emmanuel Ochayi

December 9, 2024

Business·Markets·News

Nigerian Stock Market Grows By 31.34%, Ranks Among Africa’s Top Four Exchanges

The Nigerian stock market has recorded a 31.34% Year-to-Date (YtD) growth as of December 6, 2024, placing it among Africa’s top four performing exchanges. This growth comes despite economic challenges like inflation

Emmanuel Ochayi

December 8, 2024

Made-in-Nigeria: Why Nigerians Must Drop Cultural Preference For Foreign Goods – Nigerian Govt

Business·News·Top Stories

Why Nigerians Must Drop Cultural Preference For Foreign Goods – Fed Govt

The Nigerian government has called on citizens to prioritise Made-in-Nigeria products over imported goods as part of efforts to strengthen the economy. Secretary to the Government of the Federation (SGF), George Akume,

Emmanuel Ochayi

December 8, 2024

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Emmanuel Ochayi

Port Harcourt Refinery Rehabilitation Is over 90% completed — NNPCL Confirms

Equinor Ends Operation In Nigeria After 30 Years, Sells $2bn Asset

4 Reasons For Naira’s ‘Magic’ Recovery

Nigerian Stock Market Records N319bn Gain In 1 Week As 51 Stocks Rise

How Foreign Investments In Telecoms Drop By $99m – NBS

What You Need To Know About Scott Bessent, Trump’s Pick For Treasury Secretary

15 Interesting Facts To Know About Ghana’s President-elect, John Mahama

Cash Scarcity: Nigerians Decry Hardship As Banks Limit Withdrawals

Nigerian Stock Market Grows By 31.34%, Ranks Among Africa’s Top Four Exchanges

Why Nigerians Must Drop Cultural Preference For Foreign Goods – Fed Govt

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