Fakoyejo Olalekan, Author at Prime Business Africa

TCN Reveals New Timeframe To Sanction Discos, Gencos, After Halting Disconnection

Some electricity distribution companies (Discos) will be reconnected to the national grid on Monday, the market operator (MO) of the Transmission Company of Nigeria (TCN), Edmund Eje, has revealed. Edmund said the reconnection

Fakoyejo Olalekan

1 year ago

Business

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

Naira Appreciates To N874 In Official Market Amid $2.25bn FX Support

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

TCN Reveals New Timeframe To Sanction Discos, Gencos, After Halting Disconnection

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

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