EFCC Recovers Unremitted N4.16b From Lottery Firms
The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mohammed Abba, said yesterday the commission recovered over N4.16…
Month: September 2020
174,574 Apply For COVID-19 N75bn MSME Survival Fund
Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed…
Govt Committed To Elimination Of Gas Flaring By 2021 – Sylva
Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is committed to ensuring the elimination of…
Dollar Off Two-Month Peak But On Course For Best Week In Six Months
The U.S. dollar dipped from a two-month peak on Friday as renewed hopes of fresh U.S. stimulus eased investors’ concerns…
NEPC: Nigeria Can Earn Forex From Mushroom
The Nigerian Export Promotion Council (NEPC) yesterday said the country could significantly improve on its foreign exchange (forex) through investment…
Accelerating Bitcoin Trading In Nigeria
One of the more remarkable instruments of freedom and prosperity that has emerged over the last two decades is the…
FX Crunch: Anger, Frustration As Banks Ration Dollar Among Customers
Nigerian banks are now rationing forex withdrawals by customers, TheCable can report. The economy has suffered a double blow from…
CBN Pulls Rate Cut Trigger, King Dollar Returns
In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100…
Cheap Nigerian Stocks Outperform African Peers
Nigerian stocks are leading continental peers amid renewed investors’ appetite in bellwether stocks, an analysis by TheCable has shown. Nigerian…
Ghana Is Planning To Sell Most Of Its Future Gold Royalties
When portuguese mariners first dropped anchor in the mouth of the river Pra in what is now Ghana, they heard…
Nigeria: Lagos Govt Calls For Monthly Payment Of House Rent
The Lagos State Government has called on stakeholders in real estate, to work out modalities for residents to pay house…
UK Seeks To Seize $39 Million From Lawyer Who Helped Corrupt Nigerian Politician
British prosecutors launched an attempt on Thursday to confiscate 30.8 million pounds ($39.3 million) from a London lawyer who assisted…
The BackEnd: How Nigerian Bank Domiciliary Accounts Compete With Fintech Dollar Features
The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived,…
FG Places Nine-Year Presidential Jet On Sale
The Federal Government has put up for sale a jet in the presidential fleet, Hawker 4000 aircraft with registration number,…
Pound Depressed Ahead Of UK Chancellor Unveiling Jobs Protection Plan
The pound sank against the US dollar (GBPUSD=X), continuing a negative trend early on Thursday, ahead of the UK chancellor…
CBN Raises ABP’s Collateral Guarantee To 50 Per Cent
Disburses N200 billion in 2020 dry season farming The Central Bank of Nigeria (CBN), has approved additional incentives under its…
Nigerian Collector Hopes To Boost Local Pride In Artistic Heritage Amid Black Lives Matter Backdrop
Nigerian art collector Yemisi Shyllon wants to see works created by Nigerian artists and the country’s historical artefacts receive the…
Regulators In Africa’s Big Economies Are Scrambling To Get On Top Of A Spike In Cryptocurrency Trade
In August 2018, a report on the state of cryptocurrency regulation across Africa came back with one obvious conclusion: most…
Illegal Levies, Taxes Affecting Cross River’s Economy
Emmah Isong, chairman of Cross River State Anti-tax Agency, warned that anybody caught sabotaging the antitax agency will face the…
UK Watchdog Blasts Banks Over Dirty Money Safeguards
Not all of Britain’s financial firms are convinced of the need to invest large sums to crack down on dirty…
Organised Private Sector Commends CBN On Interest Rate Reduction
Members of Organised Private Sector (OPS) have described Tuesday’s reduction of the Monetary Policy Rate (MPR) from 12.5 per cent…
Funding Approved For $US 1.96bn Nigeria
THE Nigerian Federal Executive Council has approved $US 1.96bn in funding for the construction of the 284km cross-border Kano –…
Dollar At Two-Month Highs As Resurgent Coronavirus Threatens Economy
The U.S. dollar reached a two-month high on Thursday as concern grew over the resilience of an economic recovery in…
The Next Wave Of The Global Recovery Could Send Commodity Prices Soaring
The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC,…
Oil Drops After Warnings On U.S. Economy And Global Crude Demand
Oil dropped in London and New York following warnings over global energy demand and the state of the U.S. economy.…
ECB Hands Banks $203 Billion In Cheap Cash To Boost Lending
Euro-zone banks took 174.5 billion euros ($203 billion) in another dose of ultra-cheap funding as the European Central Bank gives…
Forex: PSN Seeks CBN’s Prioritisation Of Healthcare Industry
Pharmaceutical Society of Nigeria (PSN) has appealed to the Central Bank of Nigeria (CBN) to prioritise allocation of foreign exchange…
How To Register For FG’s N75 Billion MSME Survival Funds
The Federal Government (FG) has released the guidelines to access the N75 billion Micro, Small and Medium Enterprises (MSME) Survival…
Buhari’s Orders To The Central Bank Are Harming Its Credibility
RECENTLY, after reading, for the umpteenth time, about President Muhammadu Buhari’s “orders” to the Central Bank of Nigeria, CBN, I…
Nigerians In Switzerland Petition EFCC, SGF, Ministry Over Alleged Corruption In Embassy
Nigerian Youth Movement of Switzerland has written a petition letter to the Economic and Financial Crimes Commission (EFCC), Secretary to…