Fakoyejo Olalekan, Author at Prime Business Africa

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Nigerian banks are rationing the new naira notes, struggling to increase circulation, as the deadline to phase out the old legal tender nears. Prime Business Africa reported that the Central Bank of

Fakoyejo Olalekan

January 10, 2023

Business·Tech News

Foreign Investors Give Two Nigerian Youths, Ikenna Nzewi, Uzoma Ayogu $3.3 million

Two Nigerian youths, Ikenna Nzewi and Uzoma Ayogu, the co-founders of Releaf, secured $3.3 million from foreign and domestic investors to fund their operation. Both Nzewi and Ayogu created Releaf, a technology

Fakoyejo Olalekan

January 10, 2023

Business·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu

Fakoyejo Olalekan

January 10, 2023

Business·Markets

Investors Earn N256.3 billion, As Stock Market Cap Rises To N28.15 trillion

Investors closed trading on Monday with an N256.3 billion gain, as the market capitalisation appreciated by 0.9 per cent. This raised the market capitalisation up from N27.89 trillion to N28.15 trillion. Similarly,

Fakoyejo Olalekan

January 9, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

The exchange rate between the naira and the dollar settled below N800 on Monday in the Bureau De Change window of the black market. According to some Bureau De Change operators that

Fakoyejo Olalekan

January 9, 2023

$471 million Lost To Nigeria’s Naira Devaluation – Airtel Africa Reveals

Business

Airtel Splashes $316.7 million On 5G, 4G, Amid Competition From Elon Musk’s Starlink

Airtel Africa has acquired 5G spectrum and more 4G spectrum for its operation in Nigeria, as the company look to improve its internet service amid competition from Elon Musk’s Starlink, MTN and

Fakoyejo Olalekan

January 9, 2023

Inflation Hits 21.91%, As Nigerians Pay More For Bread, Yam, Others

Business·Oil & Gas

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

Former Chief Executive Officer of Neimeth Pharmaceutical, Sam Ohuabunwa, has asked President Muhammadu Buhari to bite a bullet to save Nigerians from multiple jeopardies. Ohuabunwa made this statement while addressing the impact of

Fakoyejo Olalekan

January 9, 2023

Why Foreign Investments In Nigerian Startups Dropped By 65%

Business·FEATURES·Insights

2 Nigerian Startups Make Africa’s Top 5 Most Valuable Startup List

As of January 2023, there are 1,428 unicorns – startups worth over $1 billion – in the world according to data obtained from Crunchbase. Africa accounts for 0.4 per cent of the

Fakoyejo Olalekan

January 9, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Investors Pocket N192.71bn, As Nigerian Stock Exchange Rises By 0.69%

Investors closed trading on Friday with N192.71 billion gain, after the market capitalisation rose by 0.69 per cent from Thursday’s N27.70 trillion to N27.89 trillion. The growth was driven by the All Share

Fakoyejo Olalekan

January 6, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Goes For N605 In Black Market, Pound Sells Above N800

The exchange rate between the dollar and naira varies across several Bureau De Change operators on Friday, January 6, 2023, Prime Business Africa gathered. On Friday, this publication noted that the United

Fakoyejo Olalekan

January 6, 2023

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Fakoyejo Olalekan

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Foreign Investors Give Two Nigerian Youths, Ikenna Nzewi, Uzoma Ayogu $3.3 million

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Investors Earn N256.3 billion, As Stock Market Cap Rises To N28.15 trillion

BDC Operators Fix Dollar Rate Below N800, Set N900 For Pound

Airtel Splashes $316.7 million On 5G, 4G, Amid Competition From Elon Musk’s Starlink

Buhari Should Bite The Bullet – Ex-Neimeth Boss Tackles President On Fuel Subsidy

2 Nigerian Startups Make Africa’s Top 5 Most Valuable Startup List

Investors Pocket N192.71bn, As Nigerian Stock Exchange Rises By 0.69%

Dollar Goes For N605 In Black Market, Pound Sells Above N800

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