Fakoyejo Olalekan

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Investors In Transcorp, Unilever, Others Pocket N130 billion

Nigerian Exchange Limited (NGX) reported on Tuesday, 23 May, that the stock market valuation increased by N130 billion or 0.48 per cent. NGX said the stock market capitalisation rose from N28.52 trillion to N28.65 trillion. The All-Share Index appreciated to 52,621.19 ASI

May 23, 2023

How To Identify Fake Travel Agencies Operating In Nigeria

Business

Top 10 Travel Agencies In Lagos State

The tedious work that comes with applying for visas, booking flights, and making hotel reservations located in your preferred destinations have made travel agencies the toast of the town. While these responsibilities might seem easy on paper, facing rejection after several exhausting

May 23, 2023

Court Set Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Business·Oil & Gas

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Justice Aneke of the Federal High Court has adjourned the hearing of the Scheme Of Arrangement for the acquisition of shares held by Oando’s minority shareholders. Prime Business Africa previously reported that the majority investor in Oando, Ocean and Oil Development Partners

May 23, 2023

Buhari Seeks Senate Approval To Pay N226bn, $556m, £98m Judgment Debt

Business

You Eat What You Grow Or You Die – Buhari Says In Defense Of Land Border Closure

President Muhammadu Buhari said Nigerians appreciated his decision to close the land border because it was either they eat what is produced locally or they die. Buhari made this statement on Tuesday during the inauguration of the new N19.6 billion customs headquarters,

May 23, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

The Naira to Dollar rate closed Monday’s official foreign exchange market at N463.5 kobo/$1, with the Nigerian currency depreciating by 0.10 per cent. Investors and exporters were offered the Dollar at N0.5 kobo more than the N463 they bought the American greenback

May 23, 2023

Business

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

It cost Aliko Dangote $18.5 billion to build the Dangote Petroleum Refinery, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed. According to Emefiele, on Monday, 22 May, the cost of building the Dangote refinery skyrocketed during construction,

May 22, 2023

Business·Currency

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

The Dollar rate was static in the official market, as traders in the investors’ and exporters’ window traded fewer foreign exchange on Friday. At the end of trading, according to data obtained from the FMDQ Exchange, the Naira to Dollar rate settled

May 22, 2023

Business

Aliko Dangote Reveals Refinery Will Not Distribute Fuel In Next 60 Days

Aliko Dangote, the founder of Dangote Industries Limited, said Dangote Petroleum Refinery and Petrochemicals will commence distribution of petrol and other refined products in July 2023. Dangote, who is also the richest man in Africa, disclosed that production output will fall between

May 22, 2023

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

Business

List Of 7 African Presidents To Join Aliko Dangote To Commission World’s Largest Refinery Today

On Monday, 22 May 2023, the richest man in Nigeria, Aliko Dangote, will be joined by seven African Presidents to commission Dangote Petroleum Refinery & Petrochemicals. Dangote refinery, which is the world’s largest single train refinery, is situated at Ibeju-Lekki, Lagos, which

May 22, 2023

Nigeria Air: Why We Must Avoid Throwing Away The Baby And Bath Water

Business

Sack Of FAAN MD, Rabiu Yadudu, Others, Enmeshed In Nigeria Air Dispute

The sack of the Managing Director of the Federal Airport Authority of Nigeria, (FAAN) Rabiu Yadudu, has been enmeshed in controversy. Yudada and some directors of FAAN were sacked by the Federal Government days before the end of the tenure of the

May 22, 2023

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Fakoyejo Olalekan

Investors In Transcorp, Unilever, Others Pocket N130 billion

Top 10 Travel Agencies In Lagos State

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

You Eat What You Grow Or You Die – Buhari Says In Defense Of Land Border Closure

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

Aliko Dangote Reveals Refinery Will Not Distribute Fuel In Next 60 Days

List Of 7 African Presidents To Join Aliko Dangote To Commission World’s Largest Refinery Today

Sack Of FAAN MD, Rabiu Yadudu, Others, Enmeshed In Nigeria Air Dispute

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