Nigeria Not Constructing Rail Line To Niger Republic – Presidency
The Senior Special Assistant to the President on Media and Publicity, Mallma Garba Shehu, yesterday said Nigeria was not building…
Year: 2020
Nigerian Oil, Gas Suppliers Lament N320bn Loss, Back Deregulation
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) yesterday bemoaned its huge losses to the tune of N320…
Gbajabiamila: Insecurity Threatening Existence Of Nigeria
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said the challenges of insecurity confronting Nigeria is threatening…
Naira Stabilizes Across Forex Markets, As BDCs Get Another Round Of Dollar Allocation
Forex turnover improved by 43% as Nigeria’s exchange rate at the NAFEX window stablized to close at N386/$1 during intraday…
Commodities Exchange Turns To Blockchain To Increase Funding For African Farmers
Technology adoption will increase transparency for funders and provide liquidity for hundreds of smallholder farmers amidst COVID 19 downturn. AFEX…
Survival Fund: Nigerian Govt Speaks On Applicants Paying Facilitation Fee For MSMEs Grant
The Federal Government says applicants will not pay any ‘facilitation fee’ to access its intervention grant for Micro, Small and…
US To Restrict Students From Nigeria, Others To Two-Year Courses
The United States is set to restrict students from Nigeria and others from admission of more than two years. This…
FG Denies Persecuting Christians, Earmarks N13b For Community Policing
Abuja has dismissed allegations from the west that it was persecuting Christians in Nigeria. This came as it urged the…
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…
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 –…