Intels: Atiku Blames FG For Selling Off Shares
Former Vice President of Nigeria, Atiku Abubakar, has sold off his shares in Integrated Logistics Services Limited. This was confirmed in a statement by his media aide, Paul Ibe, titled…
WhatsApp To Stop Working On Millions Of Phones From Jan 1
WhatsApp a US-run messaging service, says its app will stop working on millions of phones as from January 1, 2021 due to an update aimed at phasing out older devices.…
NSE Market Capitalisation Hits The N20trn Mark — Highest In History
The Nigerian Stock Nigerian (NSE) market capitalisation, which is the total value of all listed equities, has hit the N20 trillion mark. TheCable had reported how Santa Claus Rally pushed…
FULL LIST: 42 microfinance banks lose licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down. The affected banks are Hedgeworth MFB, Utako,…
Canada To Donate Excess Covid Vaccine To Poorer Countries
Canada, which has placed orders and options on more than 400 million doses of coronavirus vaccine, will share any excess doses with poorer countries once its population is inoculated, Prime…
FIRS Predicts Lower Oil tax Receipts For 2020
The Federal Inland Revenue Service (FIRS) has predicted that tax revenue from the sale of crude oil will be far less than what was realized in 2019. Executive Chairman of…
Diaspora Remittances: CBN Threatens To Sanction Operators Paying Local Currency
By Our Business Editor The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency. It warned that violators could lose their operational licences…
Nigeria’s External Reserve Slips to 8-Month Low
By Our Business correspondent Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various foreign exchange…
BREAKING: Nigeria’s Inflation Rate Hits 14.89% in November -NBS
The consumer price index which measures inflation increased by 14.89 per cent (year-on-year) in November 2020. The National Bureau of Statistics disclosed in its Consumer Price Index November 2020 report…
World Bank Okays $1.5bn Loan For Nigeria
By Lukman Amusa The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year…
