Fakoyejo Olalekan, Author at Prime Business Africa

African Alliance Investors In Dilemma As Firm Risks Million Naira Fine, Fails To Meet Listing Rule

The inability of African Alliance Insurance (AAI) management to meet the Nigerian Exchange Limited (NGX) listing rule continues to keep investors in dark over the company’s financial performance, and threatens their investment.

Fakoyejo Olalekan

July 18, 2022

Business

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Access Bank has reviewed its foreign currency allocation for Maintenance/Upkeep of Nigerian students in foreign tertiary institutions, as dollar scarcity extends into the second half of the year. The bank said abroad

Fakoyejo Olalekan

July 17, 2022

Business·Markets

Yam, Meat, Other Food Prices Soar, As Nigeria’s Inflation Rate Hits 5-year Highest Cost Of Living

Food prices in Nigeria skyrocketed by 5.6% in June, as Nigeria’s inflation soared to 18.6%, the highest level in five years, reflecting the government’s inability to curb rising cost of living in

Fakoyejo Olalekan

July 15, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Black Market Dollar To Naira Exchange Rate: CBN’s Official Forex Market Increases Cost Of Buying Dollar

July 14, 2022 Dollar Update: The naira to dollar exchange rate increased on Thursday at the Investors and Exporters window, which is the official foreign exchange market recognised by the Central Bank

Fakoyejo Olalekan

July 15, 2022

Business

Imagine Global: Ponzi Scheme Operators, Ajetunmobi, Ordered To Pay Nigerian Victims N18.8 billion

The founders of investment firm, Imagine Global Holding Company Ltd and Imagine Global Solutions, Bamise Ajetunmobi and Elizabeth Ajetunmobi, have been found guilty of duping unsuspecting Nigerian investors. The couple were ordered

Fakoyejo Olalekan

July 15, 2022

Business

Top Five Nigerian States With Highest Debt Repayment

Lagos State, Kaduna and 34 other states disbursed N21.62 billion to fund foreign debt between January to March 2022. The debt finance is 31.5% higher than the amount paid out in the

Fakoyejo Olalekan

July 15, 2022

Business

Nigerian Cocoa Farmers Made $500 million In 12 Months

About $500 million was made from the exportation of cocoa by Nigerian farmers last year, the Nigerian Export Promotion Council (NEPC) has revealed, in a bid to encourage more harvest. The council’s

Fakoyejo Olalekan

July 15, 2022

Business·Tech News

ECOWAS Court rules Pres. Buhari’s Twitter Ban “Unlawful”

The restriction placed on Twitter by President Muhammadu Buhari has been ruled as unlawful by the court of the Economic Community of West African States (ECOWAS) on Thursday. In the suit no;

Fakoyejo Olalekan

July 14, 2022

Naira Opens Week With Gain Across FX Markets

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Again, Bureau De Change Operators Increase Rate

July 13, 2021 Dollar Rate Update: Nigeria’s legal tender, naira, continues to depreciate in value in the black market against the dollar, but the currency gained ground in the official foreign exchange

Fakoyejo Olalekan

July 14, 2022

Business

Six Reasons Ikeja Electric Plan To Prevent Customers From Accessing Prepaid Meter

Households and businesses under the Ikeja Electric Distribution Company will be unable to access the meter for two days according to the company in a statement to customers, seen by Prime Business

Fakoyejo Olalekan

July 14, 2022

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Fakoyejo Olalekan

African Alliance Investors In Dilemma As Firm Risks Million Naira Fine, Fails To Meet Listing Rule

Access Bank To Deny Non-account Holders Access To Dollar, Others In Five Months, Set FX Allocation Limit

Yam, Meat, Other Food Prices Soar, As Nigeria’s Inflation Rate Hits 5-year Highest Cost Of Living

Black Market Dollar To Naira Exchange Rate: CBN’s Official Forex Market Increases Cost Of Buying Dollar

Imagine Global: Ponzi Scheme Operators, Ajetunmobi, Ordered To Pay Nigerian Victims N18.8 billion

Top Five Nigerian States With Highest Debt Repayment

Nigerian Cocoa Farmers Made $500 million In 12 Months

ECOWAS Court rules Pres. Buhari’s Twitter Ban “Unlawful”

Black Market Dollar To Naira Exchange Rate Today: Again, Bureau De Change Operators Increase Rate

Six Reasons Ikeja Electric Plan To Prevent Customers From Accessing Prepaid Meter

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