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COVID-19: Why Nigerians Should Avoid Imported Frozen Foods Now By Gbenga Akinfenwa

September 27, 2020 Omoniyi Osadare 0

As part of moves to permanently flatten the curve of the coronavirus pandemic in the country, health experts have cautioned Nigerians on the consumption of imported frozen foods for now. The warning is coming on […]

Banking

TheCable EXCLUSIVE: Only You Can Deposit FX Cash Into Your Dom Account, Says CBN By Oluseyi Awojulugbe

September 23, 2020 Omoniyi Osadare 1

Did you travel to the UK and urgently need some FX to fund your debit card? Sorry, you now have to return to Nigeria, buy the dollar, pay into your card and return to the […]

Business

CBN Requests Domiciliary Account Statements of ‘Baba Ijebu’, Nairabet Founders

September 17, 2020 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has requested that all banks in the country submit the statements of domiciliary accounts of some high profile individuals. The apex bank issued the directive in a September 15 […]

Business

Ekiti State Gets NEPZA Nod To Establish Agro Economic Zone By Anthony Otaru

September 16, 2020 Omoniyi Osadare 0

Ekiti State has been given the approval to establish a knowledge-based and agriculture special economic zone by the Nigeria Export Processing Zones Authority (NEPZA). The move is aimed at better harnessing the State’s comparative advantage […]

Business

Poultry Farmers Lose N1. 5 Trillon To COVID-19 Lockdown By Joke Falaju

September 16, 2020 Omoniyi Osadare 0

• Applaud FG for 5000mt of maize intervention As part of the fallout of Covid-19 lockdown the poultry industry may have lost a whopping N1.5trillion in about four months of the COVID-19 lockdown. The President […]

Business

Poor Land Access Prevents Finance To Farmers, Says Expert

September 14, 2020 Omoniyi Osadare 0

Poor access to land has prevented the country from unlocking the unquantifiable potential of agriculture, and access to finance continues to be a major challenge, an agriculturist has said. Founder of Truvis Agro Services Limited, […]

Business

ALERT: Bakers Ask Nigerians To Expect 50 Percent Increase In Bread Prices | TheCable

September 12, 2020 Omoniyi Osadare 0

The Association of Master Bakers and Caterers of Nigeria (AMBCN) says a 50 percent increase in the prices of bread is inevitable. Raji Omotunde, Lagos state chapter chairman of AMBCN, made this known in an […]

Business

Nigeria’s Cocoa Production Falls As Ghana, Côte D’Ivoire Enjoy Boom By Femi Ibirogba

September 11, 2020 Omoniyi Osadare 0

Production of cocoa as cash crop has dropped due to inadequate financing, among other factors. This is despite that cocoa is the nation’s leading cash crop in terms of export and second highest foreign exchange […]

Banking

Nigeria’s Biggest Banks See 10% Drop In H1 Account Maintenance, E-banking Income By Fikayo Owoeye

September 9, 2020 Omoniyi Osadare 0

Nigeria’s tier-1 banks saw a 10 percent decline in net income generated from fees and commission in the first half of the year, according to an analysis done by TheCable.Advertisement The five biggest (tier-1) banks […]

Business

‘How To Curb Abuse of Antibiotics In Animal Production’ | Guardian (NG)

September 7, 2020 Omoniyi Osadare 0

Mrs Victoria Olushola Adetunji is a professor of Food Safety, Food Microbiology and Veterinary Public Health at the Department of Veterinary Public Health and Preventive Medicine, University of Ibadan. She explains dangers associated with abuse […]

Business

President Akufo-Addo Pledges To Review Ghanaian Foreign Investment Law

September 6, 2020 Omoniyi Osadare 0

The President of Ghana, Prof. Nana Akufo-Addo, has expressed the government’s readiness to reconsider the one million dollars capital base for foreign traders, as enshrined in the Ghana Investment Promotion Centre (GIPC), Act 2013. Akufo-Addo […]

Business

Rivers: 34 Years After, Songhai Farm Returns To Life By Ann Godwin

September 6, 2020 Omoniyi Osadare 0

As Community, Stakeholders Seek Consistent Policy To Sustain Project After 34 years of abandonment, redundancy, and perceived reckless abuse of public funds, the Songhai Integrated Farm Project in Kpong Community, Khana Local Council Area of […]

Business

CBN Freezes Accounts of ‘Baba Ijebu’, 37 Other Companies Over ‘Forex Infractions’ By Oluseyi Awojulugbe

September 6, 2020 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has instructed banks to place a post-no-debit on the bank accounts of 38 companies. The affected accounts belong to betting companies, bureau de change companies and some logistics companies. […]

Business

External Reserves Fall Below Threshold By Geoff Iyatse

September 3, 2020 Omoniyi Osadare 0

Nigeria may be leaning against the wind as its foreign exchange reserves fall below the threshold required by the Central Bank of Nigeria (CBN) Act of 2007, as data analysed by The Guardian suggests. The […]

Business

‘Contract Crop Production Crucial For Agro-Industries, Youth Employment’ | Guardian (NG)

September 3, 2020 Omoniyi Osadare 0

• Cultivating thyme can save $50m import yearly’ Mr Dayo Olunowo, Managing Director, Agricapital Ltd, Ibadan, in this interview, says agribusiness can only be sustainable if farmers can plant according to off-takers’ product standards, specifications, […]

Business

Shopping Smart In The Face of Looming Recession By Ayomide Oriade

September 2, 2020 Omoniyi Osadare 0

COVID-19 pandemic has left the world in dire straits by causing a recession from which global economies will have to wait till 2022 for recovery. The World Bank 2020 Global Economic Prospect, June 2020, forecast […]

Business

Production of Copper Sulphate To Boost Agro-Industries, Save Economy By Femi Ibirogba

August 31, 2020 Omoniyi Osadare 0

It has been disclosed that the production of copper sulfate in the country would boost agro-economy, industrial development, employment opportunities, and Gross Domestic Product (GDP) significantly. Raw Material Research and Development Council (RMRDC) said billions […]

Banking

Naira To Trade At 386/$ As CBN Resumes FX Sale To BDCs | TheCable

August 28, 2020 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August 31. In a circular signed by O.S. Nnaji, director of trade and exchange department, the […]

Business

Shrinking Economy: Nigeria’s Situation Better Than Others, Says Presidency By Olalekan Adetayo

August 27, 2020 Omoniyi Osadare 0

The Presidency on Wednesday reacted to the National Bureau of Statistics’ second quarter 2020 Gross Domestic Product estimates which was published on Monday, giving itself thumbs up. The NBS had disclosed that the nation’s GDP […]

Banking

‘No More Middlemen’ — CBN Bans Third Parties From Getting Forex Via Form M | TheCable

August 24, 2020 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) says it will no longer approve payment of foreign exchange to form M applicants who do so through a company and agent, thereby eliminating third parties. According to a […]

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