Ikeja Electric (IE) says its electricity tariff will increase by 50 percent from April 1. This is contained in a memo on the company’s performance improvement plan and application for extraordinary tariff review of MYTO […]
Globally in the technology and digital payment space, FlutterWave is synonymous with innovative online payment solutions. Flutterwave, a San Francisco-based payments technology company with operations mainly in Africa. In the month of January 2020, Flutterwave […]
The Central Bank of Nigeria (CBN) says it will end the process of burning banknotes and adopt recycling. In a document published on its website, the apex bank called on recycling companies to submit proposals […]
Cadbury Nigeria Plc, producers of Bournvita cocoa beverage, recently rewarded the top three winners in its maiden Bourn Factor Talent Hunt Competition. The winners were unveiled at a media parley held at the head office […]
Thoughts that I could get a massive backlash for encouraging people to drink palm wine almost stopped me from writing this. Here we are now, let us have an open mind and see what this […]
As the implementation of the new 7.5 per cent Value Added Tax rate begins on Saturday (today), the Federal Inland Revenue Service has warned businesses and individuals against tax evasion. The Federal Government had said […]
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does not already own for $2.9 billion. In 2016, VW bought a 16.8-percent stake in Navistar, […]
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations. Profit in the final three months of last year rose eight percent from 2018 […]
The Federal Government is worried over the lingering legal tussle surrounding the sale of the Aluminium Smelter Company of Nigeria, the Director General of the Bureau of Public Enterprises, Mr Alex Okoh, has said. A […]
Cocoa Farmers’ Association of Nigeria (CFAN), breeders and administrators have challenged the government to revive cocoa production as a top foreign exchange earner with proactive interventions.The proactive interventions, they argue, include a modified coordinating board, […]
Stakeholders in the agric sector have raised concerns regarding the need for major decision-makers in the sector to acquire efficient leadership tools, develop their businesses and most importantly help structure the sector. While speaking during […]
The board of Unilever Nigeria Plc has appointed Carl Cruz as its new managing director. Soromidayo George, director, corporate affairs and sustainable business, Unilever, Ghana and Nigeria, announced the development in a statement. Cruz is […]
The finance bill signed by President Muhammadu Buhari will affect Nigeria’s economic space in more ways than one. Checks by TheCable showed that the bill amends 80 provisions across the companies income tax, petroleum profits […]
The Nigeria Export-Import bank (NEXIM) is one of Nigeria’s specialized financial institutions dedicated to promoting exports and imports through the provision of credits to small and medium enterprises to grow the economy. Its managing director, […]
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets […]
Which came first — the chicken or the egg? This is one of the most fascinating debates around. All chickens hatch from eggs and all the chicken eggs are laid by chickens. How then do […]
Femi Gbajabiamila, speaker of the house of representatives, has expressed concern over the planned increase in electricity tariff, saying such a measure must lead to stable power supply. Writing via his Twitter handle on Friday, […]
The Trade Union Congress has given state governments that are yet to implement the N30, 000 new minimum wage up until January 31 to comply or risk industrial action from workers. The union gave the […]
The electricity distribution companies (DisCos) say they will begin the implementation of a new tariff from April. The Nigerian Electricity Regulatory Commission (NERC) had announced a review of the multi-year tariff order (MYTO) 2015 and […]
Subscribers in the country may begin to pay more for data and voice call services as 14 state governments have increased the cost of right of way (RoW) for telecommunication infrastructure. This comes 72 hours […]
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