Fakoyejo Olalekan

5 Colonial Nigeria Companies Standing Strong After 188 Years, Hit N741.15 Billion

5 Colonial Nigeria Companies After 189 Years- First Bank, Union Bank, May & Baker, Others

First Bank of Nigeria Plc, May & Baker, Union Bank, Unilever and Flour Mills of Nigeria are 5 colonial Nigeria companies still thriving today. In today’s market evaluation, these companies are worth over N741.15 billion. Prime Business Africa (PBA) brings you update

September 30, 2022

Peter Obi crypto artwork by AnagbadoChuma Twitter

Business

New Cryptocurrency Created For Peter Obi, To Get Paid From Ethereum Artwork

Nigerian artist, Chuma Anagbado, has vowed to hand over 99 per cent of his earnings from a cryptocurrency sale to the Presidential candidate of the Labour Party in the forthcoming 2023 elections, Peter Obi. Anagbado created a portrait of Obi, which he

September 30, 2022

Business·News

INEC Boss, Mahmood Yakubu, Blows Hot Over Nigeria’s Election Campaign Spending Limit

The chairman of the Independence National Electoral Commission (INEC), Mahmood Yakubu, has warned that political candidates who fail to adhere to the campaign spending limit will be sanctioned. Yakubu advised the candidates to study and familiarise themselves with the electoral legal framework

September 30, 2022

Amid Lawsuit, FG Removes 5% Excise Duty On Calls, Data

Business

Bank Customers Risk Losing Access To USSD Service, As Network Providers Threaten Banks

Customers of Nigerian banks risk losing access to the Unstructured Supplementary Service Data (USSD) of the firms, as MTN Nigeria, Airtel and other telecommunications company threaten to shut it down. Nigerian banks are said to be owing network providers about N80 billion

September 29, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Set To Directly Deduct N700 billion From Accounts Of Indebted States, Farmers

The Director, Development Finance of the Central Bank of Nigeria (CBN), Yusuf Yila, has disclosed that the financial regulator has began to deduct from the accounts of indebted state governments and farmers, in order to recover N700 billion. Farmers had obtained credit under the

September 29, 2022

FG Struggling To Borrow, As Foreign Investors Prefer US, Germany, Others

Business

FG Wants Nigerian Banks To Prioritise Women In Need Of Loan

The Minister of state for industry, trade and investment, Maryam Katagum, has requested that Nigerian banks should prioritise women in their credit facility. Katagum urged the creditors to create gender desk that will cater to lending needs of women, while asking that

September 29, 2022

Business·FEATURES·Insights

How Buhari’s Bad Policies, Others Create 95 million Poor Nigerians

After three years of a single-digit inflationary rate regime in Nigeria, the country fell into the double-digit inflation era in February 2016, and has failed to cut itself free in the last seven years under President Muhammadu Buhari. Nigeria had experienced the

September 29, 2022

Business·Markets

Chams Top Gainers, Japaul Gold Leads Losers, As Nigerian Stock Market Rebounds

The market capitalisation grew to N26.53 trillion on Wednesday, rising by 0.05%, from the N26.51 trillion the Nigerian stock market capitalisation ended Tuesday with. The All-Share Index rose to 49,171.7 ASI after appreciating by 10.25 basis points from the 49,161.45 ASI it ended

September 28, 2022

Business

Over 620,000 eNaira Accounts Inactive, More Than Active Users

The Central Bank of Nigeria (CBN) has released new details about the adoption of eNaira in the country, disclosing that the total app downloads have risen to 905,588. Prime Business Africa understands that out of the total downloads, 622,988 are inactive, as

September 28, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

September 27, 2022 Dollar Rates Update: The Naira fell in the official foreign exchange market, Investors and Exporters window, on Tuesday, by -0.07%, as traders increased their asking price to sell a dollar. Nigeria’s currency depreciated to N436.33/$1 from the N436 that

September 28, 2022

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Fakoyejo Olalekan

5 Colonial Nigeria Companies After 189 Years- First Bank, Union Bank, May & Baker, Others

New Cryptocurrency Created For Peter Obi, To Get Paid From Ethereum Artwork

INEC Boss, Mahmood Yakubu, Blows Hot Over Nigeria’s Election Campaign Spending Limit

Bank Customers Risk Losing Access To USSD Service, As Network Providers Threaten Banks

CBN Set To Directly Deduct N700 billion From Accounts Of Indebted States, Farmers

FG Wants Nigerian Banks To Prioritise Women In Need Of Loan

How Buhari’s Bad Policies, Others Create 95 million Poor Nigerians

Chams Top Gainers, Japaul Gold Leads Losers, As Nigerian Stock Market Rebounds

Over 620,000 eNaira Accounts Inactive, More Than Active Users

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

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