PBA Reporter, Author at Prime Business Africa

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

World Bank Predicts Decline In Global Economic Prospects

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger

PBA Reporter

3 years ago

Travel

Canada-based Nigerian Man Raises N1.8 Million For Nigerian E-Passport Applicants

Dr. Olumuyiwa Igbalajobi has explained that he raised N1.8 million for the processing of Nigerian E-Passport for 52 prospective graduate school students at N35,000/person. Igbalajobi, a Canada-based Nigerian man who left the shores

PBA Reporter

3 years ago

Business

Standard Chartered To Shut Down 50% Of Nigerian Branches – Report

Standard Chartered Plc is planning to close 50 percent of its branches in Nigeria to embrace digital banking, according to a report by Bloomberg. The report read that Nigerian subsidiary started closing

PBA Reporter

3 years ago

Business

IMF Asks Nigeria To Devalue Currency Further, Gives Reasons

The International Monetary Fund (IMF) has asked Nigeria to devalue its currency and raise benchmark interest rate in preparation for the Fed policy tightening. The IMF disclosed this in a blog post

PBA Reporter

3 years ago

Oil & Gas

Wike Declares 19 Illegal Oil Refinery Operators Wanted

Rivers state governor, Nyesom Wike, said he has identified and will arrest persons who are alleged to be involved in oil bunkering and illegal refinery activities in the state. Kelvin Ebiri, Wike’s special

PBA Reporter

3 years ago

Burkina Faso, Mali, Niger Withdrawal May Stop $500m Projects, Threaten Regional Security, Job Losses – ECOWAS

ECOWAS Imposes Fresh Sanctions Against Mali

Member states representing the Economic Community of West African States (ECOWAS) on Monday imposed fresh sanctions on Mali. Prime Business Africa can report that the ECOWAS took the decision following the political

PBA Reporter

3 years ago

Business

Sanwo-Olu Takes Major Decision To Resolve Lagos Nurses’ Crisis

Lagos Governor Babajide Sanwo-Olu has met the State Council of the Nigerian Association of Nurses and Midwives to resolve the plight of the health workers. Sanwo-Olu pledged that the government’s sincerity in

PBA Reporter

3 years ago

Business

Osinbajo To Represent Buhari At ECOWAS Summit In Ghana

An emerging report has noted that Vice-President Yemi Osinbajo will represent President Muhammadu Buhari at an extraordinary summit of the Economic Community of West African States (ECOWAS) in Ghana. The report was

PBA Reporter

3 years ago

Business

Investors Withdraw from Nigerian Market As Capital Importation Falls By $4.08bn

Latest statistics obtained from NBS have shown that foreign investors seemed to have quit the Nigerian market as capital importation dropped by $4.08bn (N1.68tn) in one year According to data from the

PBA Reporter

3 years ago

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

CBN Says FG Spends $1.68bn On Food Imports In Nine Months

The federal government, according to a report by the Central Bank of Nigeria, spent $1.68bn on food importation from January to September last year. The CBN’s report on sectoral utilisation of foreign

PBA Reporter

3 years ago

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PBA Reporter

World Bank Predicts Decline In Global Economic Prospects

Canada-based Nigerian Man Raises N1.8 Million For Nigerian E-Passport Applicants

Standard Chartered To Shut Down 50% Of Nigerian Branches – Report

IMF Asks Nigeria To Devalue Currency Further, Gives Reasons

Wike Declares 19 Illegal Oil Refinery Operators Wanted

ECOWAS Imposes Fresh Sanctions Against Mali

Sanwo-Olu Takes Major Decision To Resolve Lagos Nurses’ Crisis

Osinbajo To Represent Buhari At ECOWAS Summit In Ghana

Investors Withdraw from Nigerian Market As Capital Importation Falls By $4.08bn

CBN Says FG Spends $1.68bn On Food Imports In Nine Months

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