Fakoyejo Olalekan

Five Important Policies To Expect From Tinubu After Fuel Subsidy Removal

Equity, Bond Investors To Struggle With Impact Of New Gov’t Policies – Analysts

The capital market in Nigeria began 2023 strongly, however, that won’t be the case towards the end of the year, Prime Business Africa (PBA) has gathered during a conversation with investment analysts. Nigerian stock market had begun the year bullish, posting about

March 13, 2023

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Business·Oil & Gas

Seplat Appoints Samson Ezugworie To Replace CEO, Roger Brown

Seplat Energy has appointed the company’s Chief Operating Officer, Samson Ezugworie, as its interim Chief Executive Officer, pending the determination of a court case against Roger Brown. Prime Business Africa previously reported that aggrieved stakeholders petitioned a Federal High Court in Lagos,

March 11, 2023

Business·Oil & Gas

Court Restrains Roger Brown From Operating As Seplat CEO Amid Racism Allegation

A Federal High Court in Lagos State presided by Justice Chukwuejekwu Aneke, has ordered Roger Brown to vacate his Chief Executive Officer (CEO) position at Seplat Energy Plc. This was in response to a motion ex parte filed by applicants and petitioners;

March 10, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month is the highest crude oil produced by the country in

March 10, 2023

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

Business

Videos: UBA’s Tony Elumelu Criticised For Tinubu’s Visit, Naira Scarcity

The Chairman of United Bank for Africa (UBA), Tony Elumelu, has come under criticism from a former gubernatorial candidate, Babatunde Gbadamosi after a video emerged showing the investment banker congratulating Bola Tinubu, Nigeria’s President-Elect. Elumelu called Tinubu the “last man standing,” after

March 10, 2023

Business·Markets

Conoil, Ardova Among Losers’ List, Stock Market Cap Up By N11.43bn

On Thursday, the Nigerian bourse appreciated by 0.03 per cent or N11.43 billion, closing at N30.40 trillion, from N30.39 trillion. The All-Share Index rose slightly by 21 basis points to close at 55,822.14 ASI, up from the previous day’s 55,801.14 ASI. Data

March 9, 2023

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

Business·Currency

Official Market’s Dollar Rate Falls, Projected To Rise After Presidential Election

The Dollar rate in the Investors and Exporters (I&E) window of the official market closed down at N461.25 on Wednesday, 8 March 2023. According to data from FMDQ Securities, the exchange rate between the Dollar and the Naira closed below the previous

March 9, 2023

Business·Oil & Gas

Seplat Energy Defends CEO, Roger Brown, Amid Series Of Allegations

The board of directors, Seplat Energy Plc, have thrown their weight behind the company’s Chief Executive Officer, Roger Brown, after a series of allegations made against him by the Federal Government. In a letter dated 3 March 2023, written to Seplat’s board,

March 9, 2023

Business·Oil & Gas

FG Accuses Seplat CEO, Roger Brown, Of Racism, Withdraw His Visa

The Federal Government has revoked the work permit, visa, and residence permit of the Chief Executive Officer (CEO) of Seplat Energy Plc, Roger Brown. Nigerian government said Seplat workers accused Brown of racism and favouring foreign workers. He allegedly discriminates against Nigerian

March 9, 2023

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

Deposit Money Banks (DMBs), other financial institutions and companies can now share customers’ data, in a bid to create innovative products, according to a new circular released by the Central Bank of Nigeria (CBN) on Wednesday, 8 March 2023. According to the

March 9, 2023

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Fakoyejo Olalekan

Equity, Bond Investors To Struggle With Impact Of New Gov’t Policies – Analysts

Seplat Appoints Samson Ezugworie To Replace CEO, Roger Brown

Court Restrains Roger Brown From Operating As Seplat CEO Amid Racism Allegation

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Videos: UBA’s Tony Elumelu Criticised For Tinubu’s Visit, Naira Scarcity

Conoil, Ardova Among Losers’ List, Stock Market Cap Up By N11.43bn

Official Market’s Dollar Rate Falls, Projected To Rise After Presidential Election

Seplat Energy Defends CEO, Roger Brown, Amid Series Of Allegations

FG Accuses Seplat CEO, Roger Brown, Of Racism, Withdraw His Visa

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

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