Fakoyejo Olalekan

Wema Bank In Search Of N25 billion, Target Private Investors

Wema Bank In Search Of N25 billion, Targets Private Investors

Wema Bank has announced plans to borrow N25 billion through bond issuance, a corporate document dated 2 March 2023 has revealed. The financial institution said part of the fund will be disbursed as credit to Nigeria’s Small and Medium Enterprise (SME) businesses

March 3, 2023

Business·Markets

Stock Market Investors Gain N88.04 billion, As Equity Cap Rises By 0.29%

Nigerian bourse appreciated by 0.29 per cent or N88.04 billion on Thursday, 2 March 2023, as the market capitalisation closed with N30.32 trillion, above the N30.23 trillion recorded a day before. Stock market data disclosed the All-Share Index closed with 55,670.24 ASI, rising by 161.63 basis points

March 2, 2023

Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms

Business·Currency

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

The United States Dollar (USD) gained against the Naira in the black market on Thursday, 2 March 2023, as the exchange rate appreciated by 1.05 per cent. During trading in the Bureau De Change window of the black market, the exchange rate

March 2, 2023

Business

Increased Spending Towards Elections, Others To Affect Economy – CBN

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has projected that Nigeria’s economy will grow at a subdued pace in 2023. MPC made this known in a 70-page document released on Wednesday covering the MPC’s first meeting for

March 2, 2023

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

The Central Bank of Nigeria (CBN) has responded to the request made by an activist lawyer, Femi Falana (SAN), to provide details of the disbursement of the new N200, N500 and N1,000 notes. Falana had written to the central bank, in a

March 2, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

The President of the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has revealed that the group will sanction retailers for fixing exorbitant prices to their Premium Motor Spirit (PMS), also known as petrol. Gillis-Harry said a task force has

March 2, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

How Stock Market Reacts To Tinubu’s Victory

Hours after Bola Ahmed Tinubu of the All Progressive Congress (APC) emerged as the winner of the Nigerian presidential election, the stock market closed on a negative note on Wednesday, ending its positive form. Prime Business Africa learnt that the Nigerian bourse’s

March 1, 2023

GTBank Addresses Funding Tinubu’s Presidential Ambition With N500m

Business

GTBank: ‘We Didn’t Give N500m New Naira Notes To Tinubu On Election Eve’

Guaranty Trust Bank (GTBank) has refuted claims that the financial institution financed the Presidential ambition of Bola Tinubu, the eventual winner of the election. It was alleged by a Twitter user, (@)ifygold21, that Segun Agbaje, the former Managing Director of GTBank and

March 1, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Fuel Distribution Suspended In Nigeria Over Election Fears

The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja region, Mohammed Shuaibu, has said the general election is affecting fuel distribution. Shuaibu said oil marketers are not moving Premium Motor Spirit (PMS), also known as fuel, as they use to pre-election,

March 1, 2023

Business·Technology

Tech Expert, Nwoye, Criticises Buhari, INEC Over Tinubu’s Victory

The founder of TechCircle, Oo Nwoye, has criticised how the Presidential election was held in Nigeria, which led to the All Progressives Congress (APC) candidate, Bola Tinubu, emerging as the winner. Nwoye is a popular tech consultant in the African tech space,

March 1, 2023

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Fakoyejo Olalekan

Wema Bank In Search Of N25 billion, Targets Private Investors

Stock Market Investors Gain N88.04 billion, As Equity Cap Rises By 0.29%

Mixed Fortunes For Forex Markets: How Tinubu’s Win Will Affect Dollar Rate

Increased Spending Towards Elections, Others To Affect Economy – CBN

CBN To Reveal Banks’ Disbursement Details Of New Naira Notes

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

How Stock Market Reacts To Tinubu’s Victory

GTBank: ‘We Didn’t Give N500m New Naira Notes To Tinubu On Election Eve’

Fuel Distribution Suspended In Nigeria Over Election Fears

Tech Expert, Nwoye, Criticises Buhari, INEC Over Tinubu’s Victory

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