The Nigerian naira gained marginally against the US dollar at the parallel market to trade at N565 per dollar. This figure is N5 or 0.9 percent higher than the N570 it traded last week. Street […]
Do you know how many bakeries I have shut down today? That was the sadistic boast of an official of the National Agency for Food and Drug Administration and Control (NAFDAC) on an “inspection” visit […]
MTN Nigeria shares public offer is closing today December 14, 2021, at 5 pm. The offer, which is the first from any of the big telcos in Nigeria, has been on since December 1, 2021, […]
Nigerians have expressed worry that ever-rising prices of protein-rich foods in the country will, if not checked, compound malnutrition and worsen infant/nursing women morbidity and mortality rates. Eggs, beans, milk, beef, chicken, pork and other […]
Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in October. Emefiele disclosed this at the […]
In the bid to further deepen adoption of the nation’s Central Bank Digital Currency (CBDC), the Central Bank of Nigeria (CBN) has asked Payment Service Banks, PSBs and Fintechs to develop and introduce products based […]
Flour Mills of Nigeria Plc (FMN) and Honeywell Group Limited On Monday announced that they have signed an agreement for the proposed combination of FMN through its affiliates and Honeywell Flour Mills Plc (HFMP), a […]
The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told TheCable on Friday that the naira exchanged for N545 per […]
Three Nigerian firms won nearly half a million dollars in total in funding provided by the Chinese billionaire, Jack Ma, for startups that set out to solve major problems. Releaf, a Lagos-based food processing company, […]
The Central Bank of Nigeria (CBN) has announced that the ban on sales of foreign exchange (forex) to Bureaux De Change (BDC) operators still stands, saying that the practice is used to carry out graft […]
Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $68,000. The price of the cryptocurrency traded 4.1 percent higher on Tuesday afternoon, reaching $68,013 by 3:41 p.m., according […]
The Central Bank of Nigeria (CBN) said counterfeit Naira notes in Nigeria dropped 20.80 per cent in volume and 12.18 per cent in value in 2020, lower than 84,934 pieces and N64.71 million in 2019. […]
President Muhammadu Buhari will launch the e-Naira, also called Nigerian Central Bank Digital Currency (CBDC), on Monday, 25 October. This is contained in a statement signed by Osita Nwanisobi, the Central Bank of Nigeria (CBN) […]
Against the backdrop of the legal tussle over Value Added Tax collection, the Governor of Rivers State, Nyesom Wike, has said the state has no intention to fight the Federal Government. Wike said this during […]
The Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled phones will still make transactions on the eNaira platform. The apex bank disclosed this in a document title ‘Design paper for the eNaira’. According to […]
About three months after the implementation of zero Value Added Tax (VAT) on commercial aircraft and spare parts, the Nigerian Customs Service (NCS) has allegedly restored the collection of 7.5 per cent VAT and sundry […]
Economists and allied professionals have faulted the 2022 appropriation, saying it lacks the necessary creativity, freshness and sincerity to pull the economy out of the woods. This comes as data analysis has shown that the […]
Parts of the country have been unreachable on the MTN network, following a downtime which occurred earlier on Saturday. Checks by TheCable revealed that the disruption started on Saturday afternoon. While some users, who suffered […]
Abubakar Malami, attorney-general of the federation (AGF), says the federal government is ready to challenge states at the supreme court over the collection of value-added tax (VAT). Over the past weeks, the Federal Inland Revenue […]
Oil prices hit a multi-year high on Wednesday above $83 a barrel, its highest level since 2018. The price jump was supported by OPEC+’s refusal to ramp up production more rapidly. However, the market later […]
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