Fakoyejo Olalekan, Author at Prime Business Africa

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base.

Fakoyejo Olalekan

June 21, 2022

EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

Business

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, has revealed that the country raised funds in the cryptocurrency market through the CryptoPunk #5364 it was gifted in March. Bornyakov, in a statement

Fakoyejo Olalekan

June 21, 2022

Business

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

Workers at the Murtala Muhammed International Airport seized passengers luggage in protest of unpaid salary on Monday. The situation led to chaos within the airport located in Lagos State. In a viral

Fakoyejo Olalekan

June 20, 2022

Business

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

The Central Bank of Nigeria (CBN) policies have been criticised by the World Bank, saying it worsens the business environment in the country. The global financial body hinted that the financial regulator

Fakoyejo Olalekan

June 20, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters

Fakoyejo Olalekan

June 20, 2022

Business

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ikeja Electric technician, Matthew Umukoro, has died while on duty for the electricity company in Igbe Road, Igbogbo, an area located in the Ikorodu Local Government Area of Lagos state. Umukoro, who

Fakoyejo Olalekan

June 20, 2022

Business·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at

Fakoyejo Olalekan

June 20, 2022

Business·Real Estate

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Lagos State Development and Property Corporation (LSDPC) and Afriland Properties signed a Public Private Partnership (PPP) to upgrade the Falomo Shopping Mall, situated in Ikoyi. This was announced in a video sent

Fakoyejo Olalekan

June 18, 2022

Business

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Bitcoin (BTC) investors lost a whopping $29.45 billion in the early hours of Saturday, after the cryptocurrency crashed by -7.54%, to its lowest price in two years, $18,926.50, as the bears extended

Fakoyejo Olalekan

June 18, 2022

Business·Tech News

Google Fined ₦109.3 million Amid Information War Against Russia

Google has been fined ₦109.3 million (15 million roubles) by a court in Russia following allegation of floating the government’s law mandating technology companies to house their citizens’ user data in the

Fakoyejo Olalekan

June 17, 2022

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Fakoyejo Olalekan

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Google Fined ₦109.3 million Amid Information War Against Russia

Featured Stories

Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

Oil Billionaires Who Recorded Losses In H1 2025

Latest News

Unlocking Nigeria’s Industrial Growth: Experts Chart Path To Boosting Mining, Steel Production

Tinubu Commissions 40,000 CBM LPG Vessel in South Korea, Boosts Africa’s Clean Energy Capacity

NAF, Army Kill Over 35 ISWAP Fighters in Kumshe Precision Strikes, Borno

Flying To Tanzania Will Cost $90 More As New Passenger Levy Begins In November

APC Campaign Council

Categories

Suggestions

Fakoyejo Olalekan

Follow Us

Featured Stories

Latest News

APC Campaign Council

Categories