Fakoyejo Olalekan

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

The minimum bid for non-interest asset-backed securities has been raised to N100 million by the Central Bank of Nigeria (CBN), a circular signed by the apex bank’s Director, Financial Markets Department, Angela Sere-Ejembi, disclosed. In the circular issued in 2022, titled “Framework

June 13, 2022

Business

Electricity Grid Records Fifth Collapse In Four Months, 99 Times Under President Buhari

For the fifth time in the last four months, Nigeria’s national electricity grid collapsed on Sunday, disclosing the Federal Government’s inability to halt the situation, considering it has collapse more times than all of 2021. The recent collapse was reported by Enugu

June 13, 2022

Business·Oil & Gas

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

In two weeks, Nigerians consumed 966.58 million litres of petrol, which cost them about N156.58 billion, in May, according to the Nigerian National Petroleum Company (NNPC), with Lagosians spending the highest amongst state. According to data on NNPC Premium Motor Spirit (PMS)

June 13, 2022

Business

Starlink Coming To Nigeria Means A Kid From Ojoto Will Have Same Internet Access As A Kid In Abuja, Lagos, Port Harcourt – Dr Mbamalu

Media expert and Chief Executive Officer of Newstide Publications Limited, publishers of Prime Business Africa, Dr Marcel O. Mbamalu, has explained that the arrival of Elon Musk’s Starlink in Nigeria would offer a child in Ojoto in far-away Anambra State similar opportunity

June 13, 2022

Business·Markets

Bitcoin Losing Appeal, As Crash Cost Investors $384.7 billion

Investors are currently not seeing bitcoin as a safe haven for their funds, despite inflation ripping through Nigeria, United States and other countries, on the back of the ongoing war between Russia and Ukraine. Bitcoin’s dip comes as a shock considering in

June 13, 2022

Business

Humanitarian Affairs Ministry Reveals How NPower Batch C Applicants Can Confirm Selection

The Federal Ministry of Humanitarian Affairs has revealed how Nigerians who applied to become NPower beneficiaries can confirm their selection by the Federal Government for Batch C of the empowerment programme. According to the official Twitter account of the Social Investment Programme

June 12, 2022

Business·Finance & Economy·News

Capital Market Rules: NGX Slams N13.5m Fine On Unity Bank, Union Bank, First Bank

Unity Bank, under the leadership of Oluwatomi Somefun, has been sanctioned for failing to comply with the rules of the capital market authority, the Nigerian Exchange Limited (NGX), relating to release of financial statements. The management of the company failed to submit

June 12, 2022

News

Former Flight Attendant Reveals How Airline Operator Sacked Air Hostesses For Gaining Weight

A former flight attendant, now novelist, Ann Hood, has revealed the stringent process she and her colleagues in the aviation industry had to go through in order to keep their jobs in the United States. Hood was one of the lucky ladies

June 10, 2022

Business·Technology

Google Takes Down Nigerian Loan Apps, Sokoloan, EasyMoni, 2000 Others In India Later

Google has taken down Sokoloan, EasyMoni and some other Nigerian loan apps from its Playstore, few months after the Federal Competition and Consumer Protection Commission (FCCPC) clampdown on their operation in Lagos State. FCCPC boss had written an order to Google and

June 10, 2022

Business·Markets

How Zenith Bank, UBA, Two Other Banks Lost N28.35 billion In Six Hours

The most valuable financial institutions in Nigeria, Zenith Bank, Guaranty Trust Holding Company (GTCO), Access Holdings and United Bank for Africa (UBA) lost a combined N28.35 billion after trading hours on Thursday. Analysis of their bourse performance by Prime Business Africa showed

June 10, 2022

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Fakoyejo Olalekan

Godwin Emefiele Increases Bid For Non-interest Asset-backed Securities To N100 million

Electricity Grid Records Fifth Collapse In Four Months, 99 Times Under President Buhari

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

Starlink Coming To Nigeria Means A Kid From Ojoto Will Have Same Internet Access As A Kid In Abuja, Lagos, Port Harcourt – Dr Mbamalu

Bitcoin Losing Appeal, As Crash Cost Investors $384.7 billion

Capital Market Rules: NGX Slams N13.5m Fine On Unity Bank, Union Bank, First Bank

Former Flight Attendant Reveals How Airline Operator Sacked Air Hostesses For Gaining Weight

Google Takes Down Nigerian Loan Apps, Sokoloan, EasyMoni, 2000 Others In India Later

How Zenith Bank, UBA, Two Other Banks Lost N28.35 billion In Six Hours

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