Fakoyejo Olalekan

Best, Worst Performing Pharmaceutical Companies Operating In Nigeria

The second quarter of 2022 was a bad period for pharmaceutical companies in Nigeria, as the industry suffered N153.9 million loss after tax, despite turnover rising by 27.7% during the same period Prime Business Africa analysis of the pharmaceutical industry’s publicly traded

August 1, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

CBN Blames NNPC, Two Others, As Dollar Sells For N718

The Nigeria National Petroleum Company (NNPC) Limited has been blamed by the Central Bank of Nigeria (CBN) for scarcity of dollar and depreciation of the naira in recent weeks. Nigeria’s financial regulator made the statement on Friday after the exchange rate of

July 29, 2022

Business·Finance & Economy

Those Destroying Our Economy Should Be In Jail – Senator Ben Bruce Says

Former Nigerian Senator, Ben Murray-Bruce, has stated that some people need to be held responsible for Nigeria’s declining economy. The ex-bayelsa lawmaker said this following significant rise in cost of living. What you need to know Recall that prior to President Muhammadu

July 29, 2022

Business

Armed Robbers Attack Chicken Republic, Steal Cars, Money, Phones From Customers

It was a disappointing and shocking Thursday for Customers of Chicken Republic, located in the axis of Dawaki/Dutse, area in Abuja, after armed robbers attacked them while dining in the restaurant. According to reports, the customers were robbed during the evening inside

July 29, 2022

Business·Technology

More Troubles For Flutterwave, Chipper Cash, As Kenyan Gov’t Makes Another Allegation

Cross-border payment tech startups, Flutterwave and Chipper Cash, have been operating in Kenya without license from the financial authority, the government has disclosed. The governor of the Central Bank of Kenya, Patrick Njoroge, said Flutterwave shouldn’t be operating in the country because

July 29, 2022

Business·Insights

Elon Musk Wealth Rises, As Mark Zuckerberg Loses N1.41 trillion

The wealth of Tesla Chief Executive Officer, Elon Musk, increased by 1.16% on Thursday, while his arch-river and Facebook founder, Mark Zuckerberg lost -5.43% of his total fortune. Musk’s fortune had risen following high demands for Tesla’s share during trading, which made

July 28, 2022

Business·World News

How Chinese Gov’t Causes Asia’s Richest Woman To Lose $12.4 billion

China’s richest woman, Yang Huiyan, has lost more than half of her wealth after the real estate industry in the Asian country collapsed over lack of cash, as new investment into the sector depreciates. Huiyan had become the wealthiest woman in Asia

July 28, 2022

Business·Oil & Gas

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

The former chief executive of Seplat Energy, Austin Avuru, has experienced a setback in his tell-all book set for release on August, after the Federal Capital Territory High Court in Bwari, shutdown the launch. Avuru had authored the book titled; “My Entrepreneurship

July 28, 2022

Buhari Mourns Isaac Sagay, Former Nigeria’s Ambassador To The Holy See

Business

FG To Rent Boeing, Air Bus Planes For Nigeria Air, Spend N707.9 million On Investigation Tool

The Minister of Aviation, Hadi Sirika, has disclosed that Nigeria’s national carrier, Nigeria Air, will lease three aircraft for the commencement of the airline’s operation. Sirika stated that the Federal Executive Council (FEC) approved the lease of aircraft during the FEC meeting,

July 28, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

July 27, 2022 Dollar Update: The exchange rate of the dollar in Nigerian currency, naira, finally crossed the N700 mark on Wednesday in the black market, as demand for the United States legal tender skyrocket. At the close of business hour, Bureau

July 28, 2022

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Fakoyejo Olalekan

Best, Worst Performing Pharmaceutical Companies Operating In Nigeria

CBN Blames NNPC, Two Others, As Dollar Sells For N718

Those Destroying Our Economy Should Be In Jail – Senator Ben Bruce Says

Armed Robbers Attack Chicken Republic, Steal Cars, Money, Phones From Customers

More Troubles For Flutterwave, Chipper Cash, As Kenyan Gov’t Makes Another Allegation

How Chinese Gov’t Causes Asia’s Richest Woman To Lose $12.4 billion

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

FG To Rent Boeing, Air Bus Planes For Nigeria Air, Spend N707.9 million On Investigation Tool

Black Market Dollar To Naira Exchange Rate: Dollar Sells For N707, As Senate Wants Scapegoat For Weak Naira

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