Fakoyejo Olalekan

NAFDAC Reveals Next Action Against Indomie Noodles Over Cancer-causing Chemical

The National Agency for Food and Drug Administration and Control (NAFDAC) will investigate Indomie noodles after the alleged discovery of Ethylene oxide, a chemical that causes cancer, in the products manufactured by Dufil in Nigeria. This was disclosed by the Director-General of

May 1, 2023

Business·Insights

Top Performing Drink Producers: Nigerians Spend N900 billion On Beer, Soft Drinks

How many drinks do you have in a day, a week, a month or better still, in a year? When you finally arrive at a number, know that thanks to you and your drinking buddies across the country, drink producers in Nigeria

May 1, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

Traders in the Investors’ and Exporters’ window of the official market transacted $71.68 million in foreign exchange on Friday, 28 April, as the Naira to Dollar exchange rate increased by 0.21 per cent. At the end of trading, data released by the

May 1, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

The spokesman of the Central Bank of Nigeria (CBN), Isa Abdulmumim, has denied reports that the financial regulator plans to phase out the redesigned Naira notes. Abdulmumim said the CBN will continue to release the new currencies and doesn’t intend to withdraw

May 1, 2023

Seplat Energy, Total Lead List Of Highest Paying Companies In Nigeria

Business·Markets

Stock Market Cap Up By N91.27 billion Despite Losses in Transcorp, Champion Brew, Others

Nigeria’s stock market capitalisation ended trading at N28.53 trillion on Friday, 28 April, rising by N91.27 billion from Thursday’s N28.44 trillion. The All-Share Index appreciated by 167.63 basis points to 52,403.51 ASI, from rose from 52,235.88 ASI. About 3.12 billion shares were traded

April 28, 2023

Business

5 Top Microfinance Banks In Nigeria For Low-income Earners, SMEs

In Nigeria, microfinance banks have made it easier for low-income earners, as well as small and medium businesses to access financial solutions. While commercial banks often snub these categories of customers, it is the number one priority of microfinance banks to bring

April 28, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

The Naira extended its gain against the United States Dollar to the third day of trading in the official market, as the foreign exchange (forex) rate between both currencies closed at ₦462/$1 on Thursday, 27 April. Prime Business Africa previously reported on

April 28, 2023

Business

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Tony Elumelu has reportedly buyout Femi Otedola in Transnational Corporation (Transcorp) to put an end to the hostile takeover which started two weeks ago. Otedola allegedly sold the 2.6 billion shares he bought in Transcorp to Elumelu at the cost of about

April 28, 2023

Tinubu’s Reforms Won’t Achieve Success Overnight – Buhari

Business

Tinubu To Face Greatest Test Before Handover After Buhari Suspends Fuel Subsidy Removal

President Muhammadu Buhari’s administration has suspended the removal of subsidy on fuel, leaving the decision to the President-elect, Bola Tinubu. The Minister of Finance, Zainab Ahmed, previously stated that the subsidy will be removed in June, with the administration budgeting N3.35 trillion

April 28, 2023

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

Business·Markets

Stock Market: Honeywell, Cadbury, Others Record N76.15 billion Gain Within Five Hours

Investors in Honeywell Flour, Cadbury and others on the gainers list pocket N76.15 billion on Thursday, as the Nigerian bourse’s market capitalisation rose by 0.26 per cent. These equities recorded high demands that lifted the market capitalisation from N28.36 trillion to N28.44

April 27, 2023

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Fakoyejo Olalekan

NAFDAC Reveals Next Action Against Indomie Noodles Over Cancer-causing Chemical

Top Performing Drink Producers: Nigerians Spend N900 billion On Beer, Soft Drinks

CBN’s $15.3 billion Intervention Fails To Clip Dollar, Exchange Rate Hit N463

CBN Receives New Redesigned Naira Notes From NSPMC, Tackles Panic Merchants

Stock Market Cap Up By N91.27 billion Despite Losses in Transcorp, Champion Brew, Others

5 Top Microfinance Banks In Nigeria For Low-income Earners, SMEs

Naira To Dollar Exchange Rate Hit N462, MTN, 11 Plc CEOs Lament

Tony Elumelu Allegedly Pays Femi Otedola Over N32 billion To End Transcorp Plc Power Tussle

Tinubu To Face Greatest Test Before Handover After Buhari Suspends Fuel Subsidy Removal

Stock Market: Honeywell, Cadbury, Others Record N76.15 billion Gain Within Five Hours

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