Fakoyejo Olalekan, Author at Prime Business Africa

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

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

Fakoyejo Olalekan

1 year ago

Business·Currency

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

The price of the Dollar in the foreign exchange official market was ₦462.13 on Wednesday, 26 April 2023, data from FMDQ Exchange showed. It was learnt that the exchange rate between the

Fakoyejo Olalekan

1 year ago

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Business

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Transnational Corporation (Transcorp) Plc Chairman, Tony Elumelu, has disclosed that the company will conduct a public initial offering for its subsidiary, Transcorp Power, within the next five years. Elumelu said while rumours

Fakoyejo Olalekan

1 year ago

Business

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Femi Otedola’s share acquisition at Transnational Corporation (Transcorp) has triggered a leadership tussle, as Tony Elumelu acquires more shares to prevent losing his position in the diversified investment company. Elumelu acquired 9.69

Fakoyejo Olalekan

1 year ago

Nigeria Air: Sirika Risks Contempt Of Court Charge - Domestic Airlines

Business

Sirika Insists Buhari Will Commission Nigeria Air Despite AON Lawsuits

The Minister of Aviation, Hadi Sirika, has stated that Nigeria Air will commence operation before 29 May 2023, despite a court order restraining the Nigeria Civil Aviation Authority (NCAA) from issuing the national

Fakoyejo Olalekan

1 year ago

Business

TCN Threatens Defaulting Discos, Gencos After Aba Power Clampdown

The Transmission Company of Nigeria (TCN) has threatened to fine electricity Generation Companies (GenCos), and the transmission and Distribution Companies (DisCos) for non-compliance with the market rules. TCN said it will partially or

Fakoyejo Olalekan

1 year ago

Business

Aliko Dangote, Rabiu Abdulsamad’s Food Companies To Pay Shareholders N99.22 billion

The food companies owned by Aliko Dangote and Rabiu Abdulsamad proposed to pay their shareholders N99.22 billion as dividends for their investments in 2022. According to the financial records of Dangote Sugar,

Fakoyejo Olalekan

1 year ago

Over N97.57bn Lost To Selloffs In UAC Nigeria, Champion Brew

Business·Markets

Cadbury, Total, Others Pocket N225.97 billion In Stock Market

The stock market capitalisation rose to N28.36 trillion on Wednesday, 26 April, from the N28.14 trillion reported on Tuesday, 25 April. Prime Business Africa gathered that the valuation of the Nigerian bourse

Fakoyejo Olalekan

1 year ago

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

Business

Naira Gains, Drop In Foreign Reserves To Fuel Dollar Rate

The Naira to Dollar rate in the official market dropped by 0.04 per cent on Tuesday, 25 April 2023, as traders reduced their asking price by N0.23 kobo. According to data obtained

Fakoyejo Olalekan

1 year ago

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

Business·Oil & Gas

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

Oando Clean Energy (OCEL), largely owned by Wale Tinubu, has taken delivery of electric buses from Chinese carmaker, Yutong Bus, as the company enters the transportation business in Lagos State. Oando Plc

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

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

Dollar Rate Drops In Official Market, As NGX Bets On Tinubu’s Policies To Attract Foreign Investors

Elumelu Reveals Condition For Transcorp Plc’s Power Subsidiary To List On Nigerian Stock Market

Tony Elumelu Displaces Femi Otedola With N23 billion Transcorp Share Acquisition

Sirika Insists Buhari Will Commission Nigeria Air Despite AON Lawsuits

TCN Threatens Defaulting Discos, Gencos After Aba Power Clampdown

Aliko Dangote, Rabiu Abdulsamad’s Food Companies To Pay Shareholders N99.22 billion

Cadbury, Total, Others Pocket N225.97 billion In Stock Market

Naira Gains, Drop In Foreign Reserves To Fuel Dollar Rate

Wale Tinubu’s Oando To Commence Electric Transport Business In Lagos

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