Fakoyejo Olalekan, Author at Prime Business Africa

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

In the third quarter of 2022, Spain was the biggest buyer of Nigerian crude oil, with India, France, Netherlands, Indonesia and the United States completing the top five. According to the foreign

Fakoyejo Olalekan

December 9, 2022

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

Business·Oil & Gas

DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours

Nigerian National Petroleum Corporation (NNPC) Limited and oil marketers have been given two days to end the current fuel scarcity across the country. The Department of State Services (DSS) had issued the

Fakoyejo Olalekan

December 9, 2022

Business

Elon Musk Loses $2.3 billion, As Bernard Arnault Becomes Richest Man

The owner of Tesla and Twitter, Elon Musk, has lost his position as the richest man in the world, as French billionaire, Bernard Arnault, takeover the top spot. As of the period

Fakoyejo Olalekan

December 8, 2022

Business

House Of Reps Summon Godwin Emefiele Over New Withdrawal Policy, Call For Suspension

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been summoned by the House of Representatives over its new withdrawal policy. Prime Business Africa had reported that the central

Fakoyejo Olalekan

December 8, 2022

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

Business·Currency

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

The naira weakened against the dollar on Wednesday in the black market, as the cost of purchasing the United States currency went up by 4.2 per cent. In the parallel market, the dollar

Fakoyejo Olalekan

December 8, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

CBN Warns Banks switching companies, and other relevant parties warned against rejecting payment cards issued by other financial institutions. The Central Bank of Nigeria (CBN) made the warning in a circular titled,

Fakoyejo Olalekan

December 8, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, said Nigeria loses 700,000 barrels per day to oil thieves. Wunti stated that the Federal Government had

Fakoyejo Olalekan

December 8, 2022

Nigeria Accounts For 35% Of Foreign Airlines’ Trapped Funds Globally

Business

Foreign Airlines’ Blocked Funds In Nigeria Hit $551 million – IATA

Nigeria leads list of countries with blocked funds belonging to foreign airlines, the International Air Transport Association (IATA) has revealed. On Wednesday, IATA disclosed in a list consisting of Nigeria, Pakistan, Bangladesh,

Fakoyejo Olalekan

December 7, 2022

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Shareholders Of Nigerian Breweries, Honeywell, Others Make N30 billion In Hours

The value of the Nigerian bourse grew by 0.12 per cent on Wednesday, adding about N30 billion to the market capitalisation. Due to the growth, the market capitalisation increased to N26.37 trillion from

Fakoyejo Olalekan

December 7, 2022

Air Peace Chairman Hails Ibom Air On Acquiring Airbus Aircraft

Business

Air Peace Denies Ties To ‘Google My Business’, Demanding Money For Jobs

Air Peace has described “Google My Business” as a fraudulent page seeking to extort money from air passengers. It denied having link with the firm for ticket payment. According to a statement

Fakoyejo Olalekan

December 7, 2022

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Fakoyejo Olalekan

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours

Elon Musk Loses $2.3 billion, As Bernard Arnault Becomes Richest Man

House Of Reps Summon Godwin Emefiele Over New Withdrawal Policy, Call For Suspension

Black Market Increases Dollar Rate, As CBN Reduces Naira Circulation

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

Foreign Airlines’ Blocked Funds In Nigeria Hit $551 million – IATA

Shareholders Of Nigerian Breweries, Honeywell, Others Make N30 billion In Hours

Air Peace Denies Ties To ‘Google My Business’, Demanding Money For Jobs

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