Fakoyejo Olalekan

Bulls, Bears In Deadlock As Honeywell Leads Losers List

Honeywell Flour led the losers’ chart on Thursday when trading ended in a deadlock between the bears and bulls as the total share price was down by -0.007 per cent. Market capitalisation also settled at N25.957 trillion, from N25.959 trillion it was

December 4, 2022

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

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

Finance Minister Likens Hardship Caused By Old Naira Deadline To Injury

Business

Nigeria Not Broke, Has Revenue Problem – Finance Minister, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has revealed that Nigeria is not broke, and has continued to generate revenue on a monthly basis. Although Ahmed admitted that the country is not earning enough. She cited oil revenue as

December 2, 2022

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Currency

Currency Redesign Can’t Improve Naira Value – CBN

The Deputy Director, Currency Operations Department of the Central Bank of Nigeria (CBN), Amina Halidu-Giwa, said the apaex bank’s redesigning programme will not improve naira value or strengthen the national currency. Halidu-Giwa said the improvement of the naira against foreign currencies is

December 1, 2022

Fuel Scarcity: I'm Sorry, Buhari Tells Nigerians

Business·Oil & Gas

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

Despite filling stations selling Premium Motor Spirit (PMS) between N230 and N250, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the government has no intention of increasing fuel price. Checks by Prime Business Africa had shown that petrol stations

December 1, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Issues 8 New Guidelines For Banking Licence, Flags Terrorism Financing

New and pending requests for banking licence could be rejected on the grounds of Money Laundering and Terror Financing history, the Central Bank of Nigeria (CBN) has disclosed in new guidelines. The central bank released the guidelines for individuals and entities in

December 1, 2022

Business·Markets

Investors At Wema Bank, UACN, Others Pocket N183.59 billion, As Bourse Rises

At the end of trading on Wednesday, investors pocket N183.59 billion as the market capitalisation appreciated by 0.71 per cent. The gain lifted the market capitalisation to N25.95 trillion from Tuesday’s N25.77 trillion. Also, the All-Share Index appreciated from 47,322.97 ASI to 47,660.04

November 30, 2022

Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

Business·Oil & Gas

NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres

The Nigerian National Petroleum Company (NNPC) said ongoing road projects in Lagos are behind scarcity of fuel in several areas within the state, as queues return to filling stations. Prime Business Africa gathered that distribution of fuel has been crippled by the

November 30, 2022

Business·Currency

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary

November 30, 2022

Business·Currency

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

Last week Wednesday, President Muhammadu Buhari unveiled the new naira redesigned by the Central Bank of Nigeria (CBN), opening a new vista of events in Nigeria’s monetary policy management framework. The redesigned naira was received with mix reactions. Many expressed their disappointment

November 30, 2022

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Fakoyejo Olalekan

Bulls, Bears In Deadlock As Honeywell Leads Losers List

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Nigeria Not Broke, Has Revenue Problem – Finance Minister, Zainab Ahmed

Currency Redesign Can’t Improve Naira Value – CBN

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

CBN Issues 8 New Guidelines For Banking Licence, Flags Terrorism Financing

Investors At Wema Bank, UACN, Others Pocket N183.59 billion, As Bourse Rises

NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

Rise In Dollar Rate: 4 Ways New Naira Will Affect Nigerians, Economy

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