Fakoyejo Olalekan

Elon Musk Joins Network Operator To Offer Smartphone Service Under Water, Remote Areas

Elon Musk’s Starlink To Compete Against MTN Nigeria, Others By December

Starlink, the Internet company owned by billionaire, Elon Musk, will begin operations in Nigeria in December 2022, the Nigerian government has revealed. Musk had revealed that Starlink, a subsidiary of SpaceX, will commence operation in the third quarter of 2022, however, the

December 19, 2022

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

PZ, Champion, Other Stock Investors Hit N45.35 billion In 1 Day

The market capitalisation rose to N26.86 trillion after the Nigerian Stock Exchange gained N45.35 billion on Friday, representing 0.16 per cent increment from Thursday’s N26.81 trillion equity cap. Note that the growth was driven by the All-Share Index which increased to 49,316.29 ASI,

December 16, 2022

El-Rufai Moves Against Postponement Of Fuel Subsidy Removal

Business

Why States Owe Salaries – Gov. El-Rufai

Kaduna State governor, Nasiru El-Rufai, has stated that Nigeria would end up like Sri Lanka if fuel subsidy and multiple exchange rates continue. According to El-Rufai, Nigerian states are affected by the failure to remove fuel subsidy and operate a single exchange

December 16, 2022

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

Business·Currency·Top Stories

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

In the Bureau De Change window of the black market, the dollar maintained its dominance over the naira after appreciating by 1.34 per cent on December 15, 2022. The exchange rate between the currencies of Nigerian and United States rose to N755

December 16, 2022

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·News

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

Nigeria’s poverty population has risen by 5 million in 2022, the World Bank’s Chief economist, Alex Sienaert, has revealed, blaming rise in inflation rate which has reduced the value of minimum wage in the country. Prime Business Africa had reported that Nigeria’s

December 16, 2022

Business·Markets

CAP Leads Gainers List, MCNichols Heads Losers’, As Investors Gain N133.43 billion

Nigerian stock exchange appreciated by 0.5 per cent, as the market capitalisation increased to N26.81 trillion on Thursday as investors gain. Thursday’s rise represents N133.43 billion gain in the market capitalisation that closed Wednesday with N26.68 trillion. The All-Share Index followed the

December 15, 2022

Buhari's 8years in Office: No Better Way To Squander Goodwill

Business

5,000 Entities Owe Buhari Govt N5.2 trillion

The Federal Government is owed N5.2 trillion in debts by over 5,000 companies and individuals who have refused to meet their debt obligations. Director of Special Projects in the Federal Ministry of Finance, Budget and National Planning, Victor Omata, who represented Zainab

December 15, 2022

Producers Of Dulux, Berger Paints Losing Revenue To Inflation, Meyer Suffers N26.79m Loss

Business·Insights

Paint Companies Lose Big Revenue To Inflation

Nigerian paint companies are bleeding cash due to rise in cost of production, as inflation ate into their net profit between January to September 2022. According to Prime Business Africa (PBA) analysis of three major paint manufacturers, CAP Plc, Berger Paints and

December 15, 2022

Business

Nigerians Spend More On Food, As Inflation Hits 21.47% In November

The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation was 21.47 per cent in November, surpassing the 21.09 per cent reported in October 2022. According to the NBS Consumer Price Index CPI) report, this is 6.07 per cent points higher

December 15, 2022

Business·Currency

Dollar Rate Rises As Newly Redesigned Naira Notes Enter Circulation

The foreign exchange (forex) rate between the naira and the United States dollar appreciated in the official and black market on December 14, 2022. Prime Business Africa reports that traders across the channels raised the foreign exchange rate to N450.58/$1 in the

December 15, 2022

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Fakoyejo Olalekan

Elon Musk’s Starlink To Compete Against MTN Nigeria, Others By December

PZ, Champion, Other Stock Investors Hit N45.35 billion In 1 Day

Why States Owe Salaries – Gov. El-Rufai

Black Market Dollar Rate Jumps Amid Scarcity Of New Naira Notes

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

CAP Leads Gainers List, MCNichols Heads Losers’, As Investors Gain N133.43 billion

5,000 Entities Owe Buhari Govt N5.2 trillion

Paint Companies Lose Big Revenue To Inflation

Nigerians Spend More On Food, As Inflation Hits 21.47% In November

Dollar Rate Rises As Newly Redesigned Naira Notes Enter Circulation

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Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

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Court Order Stops Police From Resuming Tinted Glass Permit Enforcement Nationwide

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