Victor Ezeja, Author at Prime Business Africa

Weak Naira: CBN Sells $543.5m To Boost FX Market

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

The Central Bank of Nigeria (CBN) has warned licensed forex dealers and Deposit Money Banks (DMBs) against rejecting older and smaller denominations of US dollars. The apex bank stated that they are

Victor Ezeja

5 months ago

Nigeria’s 1.8mbpd Oil Production A Drop In The Bucket – Economist

Business·Latest News·Oil & Gas

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

The Nigeria Midstream and Downstream Petroleum Regulatory Commission (NUPRC), has reportedly removed five oil blocks from the 2024 licensing round due to legal disputes. According to NUPRC, the affected oil blocks are

Victor Ezeja

5 months ago

Business·World News

US Manufacturing Slips Further Into Contraction In June

Manufacturing activities in the United States further dropped in June, owing to what was attributed to a decline in demand. The Institute for Supply Management’s (ISM) Purchasing Managers Index (PMI), recorded 48.5

Victor Ezeja

5 months ago

Aiteo Cancels Surveillance Contracts With Security Companies Amid Security Breaches

Business·Latest News·Oil & Gas

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Indigenous oil firm, Aiteo Eastern Exploration and Production Company (AEEPCO), has revoked its contracts with surveillance security providers following cases of security breaches around its facilities. In a statement released on Monday,

Victor Ezeja

5 months ago

Business·Finance & Economy

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

Nigeria’s Banking Sector recorded the highest inflow with $2.06 billion, representing 61.24% of total capital imported in the first quarter (Q1) of 2024. According to a report on capital importation in the

Victor Ezeja

5 months ago

EFCC's Invasion Of Dangote Group Office May Scare Away Potential Foreign Investors - MAN DG

Business·Latest News

MAN DG Seeks Affordable Credit For Domestic Industries To Boost Production

Director General of the Manufacturing Association of Nigeria (MAN), Segun Ajayi-Kadir, has called on the government to create financing windows that offer credit to industries at a rate not more than five

Victor Ezeja

5 months ago

NRC Generates N1.42bn Revenue In 3 Months

Business·Latest News

Nigeria Railway Generates N1.42bn Revenue In 3 Months

The Nigeria Railway Corporation (NRC) earned N1.42 billion as revenue in the first three months of 2024. This reflects 84.91 per cent increase from the N768.44 million recorded in the same period

Victor Ezeja

5 months ago

Ex-Konga Nigeria CEO Did Not Commit, Family Says

Ex-Konga Nigeria CEO Did Not Commit Suicide, Family Says

The family of former Konga Nigeria CEO, Nick Imudia, has debunked reports that he committed suicide, stating that investigations are ongoing to determine the cause of his death. The family, in

Victor Ezeja

5 months ago

Latest Petrol Price Hike Ill-timed - CPPE

Business·Finance & Economy

Pharmaceuticals Tax Waivers: We Need Same In Other Sectors – CPPE

The Centre for the Promotion of Private Enterprise (CPPE), has commended President Bola Tinubu’s government for the recent Executive Order waiving taxes such as import duties, VAT, and excise duties on pharmaceutical

Victor Ezeja

5 months ago

Nigeria's Diaspora Remittances Decline by %

Business·Diaspora·Finance & Economy·Latest News

Nigeria’s 2023 Diaspora Remittances Decline By 2.9%, Remains Highest In Sub-Saharan Africa

Diaspora remittances to Nigeria declined by 2.9 per cent from $20.1 billion in 2022 to $19.5 billion in 2023. According to a World Bank report, Nigeria captured approximately 35 per cent, becoming

Victor Ezeja

5 months ago

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Victor Ezeja

CBN Orders Banks, Forex Dealers To Accept Old, Lower Dollar Denominations

Nigerian Govt Halts Bidding For 5 Oil Blocks Over Litigation

US Manufacturing Slips Further Into Contraction In June

Aiteo Cancels Surveillance Contracts With Security Companies Amid Breaches

Nigeria’s Capital Importation: Banking Sector Records Highest Inflow In Q1 2024

MAN DG Seeks Affordable Credit For Domestic Industries To Boost Production

Nigeria Railway Generates N1.42bn Revenue In 3 Months

Ex-Konga Nigeria CEO Did Not Commit Suicide, Family Says

Pharmaceuticals Tax Waivers: We Need Same In Other Sectors – CPPE

Nigeria’s 2023 Diaspora Remittances Decline By 2.9%, Remains Highest In Sub-Saharan Africa

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