Fakoyejo Olalekan

FG Files 20 New Charges Against Godwin Emefiele

The Federal Government filed 20 new charges against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday. FG made the disclosure after withdrawing its illegal possession of firearms charge against Emefiele, which was challenged by the defendant’s

August 15, 2023

Business News

Airtel Africa’s CEO, Olusegun Ogunsanya, Sells 13.34% Stake In Telco

The Chief Executive Officer of Airtel Africa, Olusegun Ogunsanya, has sold 13.34 per cent of his stake in the telecommunications company, according to corporate filings obtained on Monday. Prime Business Africa gathered from the corporate document obtained from the Nigerian Exchange Limited

August 15, 2023

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar Continues To Fluctuate, Pound, Euro Fall To Naira

The exchange rate between the naira and the dollar continues to fluctuate in the official market, as both currencies ended trading at N744.41/$1 on Monday. Prime Business Africa learnt that the price of the United States Dollar (USD) increased slightly by N3.81

August 15, 2023

MTN Service Down Time Caused By Damaged Undersea Cables

Business News

MTN’s FinTech Business Now Worth $5.2bn After Mastercard Deal

MTN Group will sell a minority stake in its financial-technology business to Mastercard Inc, the telecommunications company revealed on Monday. During an investor call, the Chief Executive Officer of MTN Group, Ralph Mupita, said the acquisition by Mastercard will increase the value

August 15, 2023

Business News·Markets

Eterna, Okomu Oil, Others Wipe Off N157.37bn From Nigerian Stock Market

Over N157.37 billion was lost during trading on Monday as shares of Eterna and Okomu Oil, amongst others fell, dragging the valuation of the Nigerian bourse down by 0.44 per cent. This led to the market capitalisation of the Nigerian stock exchange

August 14, 2023

NLC Blames Govt Officials For Forex Crisis, Demands Urgent Stabilisation Of Naira

Business News·Oil & Gas

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has warned that another increase in the fuel price will lead to an indefinite nationwide shutdown. Ajaero made the warning at the African Trade Union alliance meeting in Abuja, on Monday, after

August 14, 2023

Business News·Oil & Gas

Oil Marketers Suspend Fuel Importation

The Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN), Clement Isong, has disclosed that oil marketers have suspended their interest in the importation of Premium Motor Spirit (PMS). Isong said the scarcity of foreign exchange in the Investors’ and Exporters’ window

August 14, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business News·Currency

Naira Appreciates Against Dollar In Official Window, USD Up In Parallel Market

The dollar rate in the Investors’ and Exporters’ window of the official market closed at N740.60/$1 on Friday, the FMDQ Exchange disclosed. According to a report obtained, the value of the naira appreciated by 5.21 per cent, with the worth of the

August 14, 2023

Business News·Oil & Gas

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

The price of Premium Motor Spirit, also known as petrol, is projected to rise from N580 to N750 per litre weeks from now, according to oil marketers. In a statement by the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria

August 14, 2023

Business News·Markets

GSK, CWG, Others Raise Nigerian Stock Market Cap By N88.72bn

Nigerian bourse appreciated in value by 0.25 per cent on Friday, after Glaxo SmithKline (GSK), CWG and others on the gainers’ list added N88.72 billion to the market capitalisation. Consequently, the stock market capitalisation increased to N35.57 trillion from N35.48 trillion, according

August 11, 2023

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Fakoyejo Olalekan

FG Files 20 New Charges Against Godwin Emefiele

Airtel Africa’s CEO, Olusegun Ogunsanya, Sells 13.34% Stake In Telco

Dollar Continues To Fluctuate, Pound, Euro Fall To Naira

MTN’s FinTech Business Now Worth $5.2bn After Mastercard Deal

Eterna, Okomu Oil, Others Wipe Off N157.37bn From Nigerian Stock Market

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

Oil Marketers Suspend Fuel Importation

Naira Appreciates Against Dollar In Official Window, USD Up In Parallel Market

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

GSK, CWG, Others Raise Nigerian Stock Market Cap By N88.72bn

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