Fakoyejo Olalekan, Author at Prime Business Africa

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

The dollar rate rose in the Bureau De Change window of the black market on Tuesday, 24 January 2023, as the naira weakened by -1.07 per cent. It was learnt that the

Fakoyejo Olalekan

1 year ago

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the interest rate to 17.5 per cent on Tuesday, 24 January 2023. This was disclosed by the central bank

Fakoyejo Olalekan

1 year ago

Aliko Dangote Reveals Refinery Will Not Distribute Fuel In Next 60 Days

Business

How Dangote Refinery Will Exploit Nigerians – Oil Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Aliko Dangote’s oil refinery might exploit oil producers and Nigerians. According to the oil marketers, Nigerians will be at the mercy

Fakoyejo Olalekan

1 year ago

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

Business·Markets

Stock Market Cap Hits N28.68 trillion, Geregu, Others Record Growth

The market capitalisation of the Nigerian bourse rose by 0.11 per cent or N34.32 billion on Monday to close at N28.68 trillion, against the previous trading session’s N28.64 trillion. It followed the

Fakoyejo Olalekan

1 year ago

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

Business

Nigerian Aviation Unions Reveal Why International Flights Are Shutdown

Aviation workers embarked on strike on Monday, 23 January 2023, after salary negotiation talks with the Nigerian Aviation Handling Company (NAHCO) Plc failed. The negotiation talks were between NAHCO management, the National

Fakoyejo Olalekan

1 year ago

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

Business·Currency

Naira Faces Biggest Devaluation, Loses To Dollar, Others

In the Investors and Exporters window of the official market, the exchange rate between the naira and the dollar depreciated by 0.05 per cent or N0.25 kobo on Friday, 20 January 2023.

Fakoyejo Olalekan

1 year ago

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has disclosed that the cost of Premium Motor Spirit (PMS) could rise to N800/litre even as petrol scarcity persists. According

Fakoyejo Olalekan

1 year ago

Business·FEATURES·Insights·Oil & Gas

Top Five Nigerian Oil Companies By Revenue Market Share

Despite the scarcity of Premium Motor Spirit (PMS) in 2022, which led to some retailers shutting down their outlets, the revenue generated by the oil sector grew by 32.61 per cent. According

Fakoyejo Olalekan

1 year ago

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Business·Markets

Zenith Bank, Access Corp Make Top Trade List, Stock Market Drops By 0.06%

Nigerian stock market capitalisation closed at N28.64 trillion on Friday, 20 January 2023, depreciating by -0.06 per cent from N28.66 trillion. Similarly, the All-Share Index fell to 52,594.68 after losing 31.74 basis points from the previous day’s

Fakoyejo Olalekan

1 year ago

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

Business·Currency

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

The FMDQ Exchange disclosed that the official exchange rate between the naira and the dollar rose on Thursday, 19 January 2023, as the local currency closed weak. According to data published by

Fakoyejo Olalekan

1 year ago

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Fakoyejo Olalekan

Dollar Rate: Gap Between Official, Black Markets Rises To 61.3%

Updated: Why CBN Raised Interest Rate To 17.5%, Highest In 22 Years

How Dangote Refinery Will Exploit Nigerians – Oil Marketers

Stock Market Cap Hits N28.68 trillion, Geregu, Others Record Growth

Nigerian Aviation Unions Reveal Why International Flights Are Shutdown

Naira Faces Biggest Devaluation, Loses To Dollar, Others

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

Top Five Nigerian Oil Companies By Revenue Market Share

Zenith Bank, Access Corp Make Top Trade List, Stock Market Drops By 0.06%

High Demand Pushes Up Dollar Rate In Official Channel, Naira Gains In Black Market

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