Fakoyejo Olalekan

Nigerian Gov’t Reacts To NUEE Demands, As Electricity Workers Threaten Strike

The Minister of State for Power, Goddy Jedy-Agba, has appealed to the electricity workers under the umbrella the National Union of Electricity Employees (NUEE) to suspend their strike. Jedy-Agba asked that the government be given two weeks grace to proffer solution to

August 17, 2022

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Business

President Buhari Set Date To Submit 2023 Budget To National Assembly

The Director General, Budget Office of the Federation, Ben Akabueze, has disclosed that President Muhammadu Buhari will present the 2023 budget, which will be his last one, in September 2023. Akabueze said President Buhari will present the budget to the National Assembly

August 16, 2022

Business

BudgIT Counters Nigerian State Governments On Salary Controversy

Following denials from state governments that trailed its civil servants salary survey, BudgIT, a civi-tech organisation has defended its report, stating that various workers were interviewed to reach the survey’s conclusion. Prime Business Africa had reported that BudgIT’s 2022 Nigerian Sub-National Salary

August 16, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has increased interest rate on savings account, as the apex bank said Nigeria’s economy has returned to normalcy. In a circular dated August 15, the financial regulator directed commercial banks to

August 16, 2022

Business·News·Oil & Gas

Shell Oil Pipeline Spill Contaminates Rivers State Community

Five barrels of Shell Oil spill into Bodo community in Gokana Local Government Area of Rivers State during a clean up of Trans Niger Pipeline contaminated the area on August 3, 2022. Shell Petroleum Development Company revealed this in a Joint Investigation

August 16, 2022

Business

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

The Central Bank of Nigeria (CBN) has taken foreign exchange out of the external reserves to defend the naira against the dollar, resulting to the reserves depleting by $337 million. According to data from the central bank, it was gathered that the

August 16, 2022

Business·Insights

Elon Musk Makes Abdulsamad Rabiu’s Total Wealth In One Day, As Tesla Boss Gains N3.51 trillion

In one day, the world’s richest man, Elon Musk, made more than the entire wealth of Nigerian billionaire, Abdulsamad Rabiu, as his networth grew 3.09% during trading hours on Monday. Prime Business Africa gathered Musk made a whopping $8.2 trillion (which is

August 15, 2022

KPMG Predicts Nigeria’s Debt Crisis To Worsen, Proffers Solution

Business

Akwa Ibom Leads Nigerian States With Highest Inflation Rate

The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for July 2022, disclosing the states that has the highest inflation rate across Nigeria. In the inflation data released on Monday, the National Bureau of Statistics (NBS) reported

August 15, 2022

Business

Nigerian Gov’t Official Blames Termites For Missing Evidence Of Untraceable N17.15 billion

The Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Michael Akabogu, has claimed that documents conveying evidence of N17.158 billion spent in 2013 could have been eaten by termites. Akabogu made the statement amid investigation into the finances of NSITF

August 15, 2022

Business

Nigerian Banks Record Over N200 trillion Transaction Via Kiosks, POS, ATM, Others

The adoption of electronic transactions has continued to grow among Nigerians, as the Nigeria Inter-Bank Settlement Systems (NIBSS) reported a significant rise in the digital channel. According to the Nigeria Inter-Bank Settlement Systems, transactions via electronic channel rose by 40% within the

August 15, 2022

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Fakoyejo Olalekan

Nigerian Gov’t Reacts To NUEE Demands, As Electricity Workers Threaten Strike

President Buhari Set Date To Submit 2023 Budget To National Assembly

BudgIT Counters Nigerian State Governments On Salary Controversy

CBN’s Godwin Emefiele Increases Savings Interest Rate – How It Affects Nigerians, Inflation

Shell Oil Pipeline Spill Contaminates Rivers State Community

CBN’s Move To Defend Naira Against Dollar Affects External Reserves, Drops $337 million In Two Weeks

Elon Musk Makes Abdulsamad Rabiu’s Total Wealth In One Day, As Tesla Boss Gains N3.51 trillion

Akwa Ibom Leads Nigerian States With Highest Inflation Rate

Nigerian Banks Record Over N200 trillion Transaction Via Kiosks, POS, ATM, Others

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