Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Nigerian Govt To Probe Ajaokuta Steel N33bn Electricity Debt Amid TCN Disconnection

Business·Power

Ajaokuta Steel Risks Disconnection Over N25bn Debt – NERC Warns Nigerian Govt

Electricity distribution companies, via the Nigerian Electricity Regulatory Commission (NERC), have issued a warning to the Federal Government, raising concerns that failure to settle its mounting N25 billion electricity bill may lead to the disconnection of Ajaokuta Steel Co. Ltd from the

October 17, 2023

Business·News

Nigeria Govt Secures $1.5bn World Bank Loan, $80m From AfDB

The Nigerian government on Monday, announced that it has secured $1.5 billion from the World Bank and an additional $80 million from the African Development Bank to boost it’s finances. These facilities are to support critical sectors of the economy, marking a

October 17, 2023

Finance & Economy

Nigeria’s Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Nigeria’s debt service to revenue ratio has skyrocketed to 183% during the first quarter of 2023, as disclosed by the Budget Office. This development points to the nation’s financial woes, triggering concerns about fiscal sustainability. The data unveiled within the Budget Office’s

October 17, 2023

Business·News·Oil & Gas

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

OPEC) has announced that Nigeria is on the verge of a transformation in its energy sector with the establishment of medium-term modular refineries with a daily production capacity of 20,000 barrels each.

October 17, 2023

Israel-Hamas Conflict Boosts Global LNG Prices By 40%

Business·World News

Israel-Hamas Conflict Hikes Global LNG Prices By 40%

Israel-Hamas conflict, which began on October 7 following a festival attack by Hamas militants, has led to a more than 40% surge in Liquefied Natural Gas (LNG) spot prices.

October 17, 2023

Agro-Economy·News

Food Security: SEEDAN Calls For Govt Investment In Seeds

Agricultural experts in Nigeria have called for increased government investments in agricultural research institutes and seed development to boost production and guarantee the country’s food security. They posited that past government funding primarily directed towards fertilizers and farm inputs has not been

October 17, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

Nigerian Exchange Limited (NGX) experienced a rocky start as it reopened for transactions on Monday, with the market capitalization plummeting by N90 billion.

October 17, 2023

NIN-SIM Linkage: Poor Sensitisation, System Hitches Blamed For 72.8m Unlinked Subscribers

Business·News

Telecom Companies Threaten To Withdraw USSD Services Over Lingering N120bn Debt

Telecommunication companies in Nigeria have issued fresh threats to withdraw Unstructured Supplementary Service Data (USSD) services, adding another layer of controversy to the ongoing dispute over N120 billion owed to them by banks.

October 17, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Nigerian Equities Market Surges with N409bn Gains In One Week

In a week marked by positive price movements in the industrial goods sector, the Nigerian Exchange Limited witnessed a surge in market capitalization, resulting in a substantial N409 billion gain for equities market investors. The All-Share Index rose by 1.12%, reaching 67,200.69

October 17, 2023

Why Nigerian Govt Need Supplementary Budget To Pay minimum wage- IMF

Finance & Economy

IMF Calls For Global Action As 158 Million Battle Hunger In Africa

The International Monetary Fund (IMF) has urged global leaders to unite in addressing a dire food security crisis in Africa, as 158 million people currently grapple with hunger on the continent. The IMF’s urgent plea seeks to mobilize concerted efforts to combat

October 16, 2023

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Emmanuel Ochayi

Ajaokuta Steel Risks Disconnection Over N25bn Debt – NERC Warns Nigerian Govt

Nigeria Govt Secures $1.5bn World Bank Loan, $80m From AfDB

Nigeria’s Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Israel-Hamas Conflict Hikes Global LNG Prices By 40%

Food Security: SEEDAN Calls For Govt Investment In Seeds

Oando, Omatek Top Losers In N90bn Market Capitalization Drop

Telecom Companies Threaten To Withdraw USSD Services Over Lingering N120bn Debt

Nigerian Equities Market Surges with N409bn Gains In One Week

IMF Calls For Global Action As 158 Million Battle Hunger In Africa

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