Fakoyejo Olalekan

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

The foreign exchange (Forex) rate in the official market settled at ₦464 per Dollar on Friday, 14 April 2023, as the United States currency increased in value. Prime Business Africa learnt from data obtained from the FMDQ Exchange that the cost of

April 17, 2023

FAAN Bans Taxi From Abuja Airport, Recommends Uber, Others

Business

FAAN Issues Warning As 5 Nigerian Aviation Unions Begin Strike

The Federal Airports Authority of Nigeria (FAAN) has warned that flight operations will be disrupted as aviation workers commence two days strike. In an advisory statement released on Monday, FAAN advised passengers with scheduled flights for Monday, 17 April, and Tuesday, 18

April 17, 2023

Business

IMF Blames China, US, Others For Dwindling Foreign Investments In Nigeria

The International Monetary Fund (IMF) has blamed Brexit and trade tensions between the United States and China amongst others as factors pulling down Foreign Direct Investment (FDI) in Nigeria. According to the IMF, geopolitical tensions resulting from Russia’s invasion of Ukraine also

April 17, 2023

Five Sportsmen That Couldn't Save Their Wealth Like Hakimi

News·Sports

5 Sportsmen Who Couldn’t ‘Save Wealth’ Like Hakimi

The cost of divorce among sportsmen has once again grabbed news headlines since the the divorce story of Spanish actress, Hiba Abouk, and PSG player, Achraf Hakimi. Hakimi, who is currently facing sexual abuse charge, was in court over a divorce settlement

April 17, 2023

Aviation Workers To Shutdown Airport Operation For Two Days, Reveal Reasons

Business·Transport

Aviation Workers To Shut Down Airports For 2 Days

Five aviation unions in Nigeria have threatened to suspend operations across Nigerian airports amid a disagreement with the Federal Government over condition of service and salary review. The five aviation unions are the National Union of Air Transport Employees (NUATE), the Association

April 14, 2023

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

Business·Markets

Investors In Cadbury, Wema Bank, Others Lose N27.58 billion In Stock Trading

About N27.58 billion was lost in the Nigerian bourse on Friday, 14 April 2023, as the stock market capitalisation depreciated from N28.29 trillion to close at N28.26 trillion on Friday. Also, the All-Share Index closed down at 51,893.94 ASI from 51,944.58 ASI, after shedding

April 14, 2023

Business

Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

Fidelity Bank has sold a 10.4 per cent controlling stake in the financial institution to two unnamed investors after conducting a private placement. According to a statement released on Friday, 15 April 2023, the share acquisition was made in late February after Fidelity

April 14, 2023

Business

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Nigerian billionaire (in Naira), Femi Otedola, has reportedly acquired 5.52 per cent ownership of diversified investment firm, Transnational Corporation (TransCorp). The acquisition cost Otedola N3.14 billion (based on the share price of Tuesday, April 11, 2023) and made him one of the

April 14, 2023

Business

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

The Central Bank of Nigeria (CBN) has denied discriminating against persons with physical disabilities following a report that the apex bank is not accepting job applications from them. A recruitment portal stated that the central bank is conducting a general recruitment exercise,

April 14, 2023

FG Reopens Six Land Borders, To Probe Reasons Buhari Closed Borders

Business·Oil & Gas

Plan By Buhari, Tinubu To Remove Fuel Subsidy Faces NUPENG Setback

The plan of the Federal Government to remove subsidy on fuel might suffer a setback as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) revealed they won’t be supporting the move. NUPENG said FG hasn’t met the condition set by

April 13, 2023

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Fakoyejo Olalekan

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

FAAN Issues Warning As 5 Nigerian Aviation Unions Begin Strike

IMF Blames China, US, Others For Dwindling Foreign Investments In Nigeria

5 Sportsmen Who Couldn’t ‘Save Wealth’ Like Hakimi

Aviation Workers To Shut Down Airports For 2 Days

Investors In Cadbury, Wema Bank, Others Lose N27.58 billion In Stock Trading

Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

CBN Denies Discriminating Against People With Physical Disabilities Seeking Job

Plan By Buhari, Tinubu To Remove Fuel Subsidy Faces NUPENG Setback

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