Fakoyejo Olalekan, Author at Nairametrics

Raghunath Mandava, MD and CEO of Airtel Africa, Airtel Africa receives NCC approval to acquire 10 MHz spectrum for $94 million

Airtel Africa has announced that the initial public offering of Airtel Malawi on the Malawi Stock Exchange was a success.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN to offer Niger Delta rice farmers single-digit loan

by Fakoyejo Olalekan

February 17, 2020

The Central Bank of Nigeria (CBN) says rice farmers in Niger Delta area will now be offered single-digit loans.

CBN’s N154.38 billion T-bills auction over subscribed by 46% as rates fall marginally, internet banking

Nestle, Friesland to sign local milk production deal with FG, CBN

by Fakoyejo Olalekan

February 16, 2020

Nestle Nigeria and Friesland Campina WAMPCO are reportedly planning to sign an agreement with the Federal Government and the Central...

Director, Legal Services of the LIRS, Seyi Alade

LIRS shuts 16 companies over alleged tax evasion, threatens to close more

by Fakoyejo Olalekan

February 16, 2020

LIRS is cracking down on companies in Lagos, leading to the shutdown of 16 companies for allegedly not remitting N126.19 million consumption tax.

NNPC Towers, Abuja, Glencore- NNPC scandal: Ex-Trader paid $300,000 bribe to government official’s election campaign

Why $60 billion claim against IOCs is hard to sell- NNPC

by Fakoyejo Olalekan

February 16, 2020

NNPC has disclosed that the $60 billion owed by international oil companies operating in Nigeria can’t be recovered.

FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month , Tax reform, policy uncertainty to cause oil drop as foreign firms look outside Nigeria, Nigeria plans to support oil price with lower production cost per barrel, Oil price slumps further to $30 pb, as Nigeria grapples with high production cost, Reduction in PMS: A nod to the deregulation of the downstream sector?

Tax reform, policy uncertainties to cause oil drop in Nigeria, WoodMac warns

by Fakoyejo Olalekan

February 14, 2020

A new report by consultancy firm, Wood Mackenzie, has disclosed that Nigeria’s crucial energy sector could experience a 35% decline in oil output.

FIRS generates N490 billion tax revenue in July, collects 89% from non-oil sector,7.5% VAT: Implementation to begin Feb 1 – FG, FIRS redeploys 50 directors in massive shakeup ,FIRS moves to stop tax evasion with newly launched intelligence system , FIRS boss, Nami discloses why FIRS failed to meet revenue target under Fowler, FIRS to scale up tax compliance with new policies , FIRS tighten noose on deduction of stamp duty, CIT, others , Nigerians will now pay N50 stamp duty on electronic receipts – FIRS, Tax debt payments extended to August 31- FIRS

FIRS boss, Nami discloses why FIRS failed to meet revenue target under Fowler

by Fakoyejo Olalekan

February 14, 2020

The reasons the FIRS failed to attain its tax revenue projections under former Executive Chairman, Babatunde Fowler, have been disclosed by...

AFDB partners DFID to unveil $80m infrastructure financing for Africa , AfDB invests $600 million in Africa’s renewable energy, discloses de-risk plan , Nobody eats GDP – AfDB President, Adesina tells African leaders , Africa’s Debt Problem: AfDB replies World Bank, accuses it of misleading public , The responses to allegations against me – AfDB President, Akinwumi Adesina

World Bank’s statement on Africa’s debt status is inaccurate, misleading, AfDB replies

by Fakoyejo Olalekan

February 14, 2020

AfDB has accused the World Bank of misleading the public following the latter’s allegation that the former contributes to the...

British Airways resumes flight operations to Nigeria after a two-day strike

Harmattan grounds foreign, domestic flights in Nigeria

by Fakoyejo Olalekan

February 13, 2020

The recurring harmattan has continued to cause flight cancellation and delay in Nigeria, as domestic airlines are trying to take...

Nigerian Ports Authority, NPA, Hadiza Bala-Usman, Maritime, Ports, Badagry deep seaport, NPA, LADOL collision intensifies, as they throw counter-accusation over contract

NPA, LADOL collision deepens, as duo rain accusations over contract

by Fakoyejo Olalekan

February 13, 2020

The NPA has revoked the agreement it had with Lagos Deep Offshore Logistics Base (LADOL) after accusing the company of...