Business news
President Bola Tinubu has approved the indefinite suspension from office of the Chairman of the Economic and Financial Crimes Commission (EFCC), AbdulRasheed Bawa, to allow for proper investigation into his conduct while in office. According to a statement by the Director of Information at the Office of the Secretary to the Government of the Federation, […]
The Chairman and Chief Executive Officer of Air Peace, Allen Onyema, has called on President Tinubu to dissolve Nigeria Air, stating that the whole project is a charade and not what is needed in the country at the moment. Mr. Onyema, in his right of reply to the claims made by the former Aviation Minister, […]
Two of the U.K.’s four mobile phone operators agreed Wednesday to merge their businesses to capitalize on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone U.K. and Three U.K., which is owned by Hong Kong’s CK Hutchison, would create Britain’s biggest mobile phone player, with a combined 27 million […]
The naira is currently trading at N750-N755 per dollar at the investors and exporters (I&E) window. Sources told TheCable on Wednesday that the Central Bank of Nigeria (CBN) has directed commercial banks to sell forex freely at market-determined rates. The market rate is said to be a “willing buyer, willing seller” arrangement. This implies that […]
Following the suspension, of the Chairman of Economic and Financial Crimes Commission, EFCC, AbdulRasheed Bawa over weighty allegations of abuse of office , he was directed to immediately hand over the affairs of his office to the agency’s Director of Operations. The agency’s director of operations would then oversee the affairs of the office of the […]
Determined to facilitate the effective, sustainable, and public health-focused implementation of Nigeria’s SSB tax, the Federal Ministry of Health (FMOH), with support from Corporate Accountability and Public Participation Africa (CAPPA) convened an Inter-Agency Capacity Building meeting recently. At the hybrid gathering, participants from various state agencies, such as the Federal Competition and Consumers Protection Commission […]
In keeping with their commitment to promoting action toward enhancing gender equality and mainstreaming increased opportunities for women in leadership, employment, and entrepreneurship in the Nigerian private sector, International Finance Corporation (IFC) and Nigerian Exchange Limited (NGX) are set to host the inaugural edition of the Gender Leader Awards (GLA). The Awards scheduled to […]
Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings Plc, recently organized a series of pre-retirement seminars in three states across the federation – namely Edo, Plateau, and Oyo States, from 11 May to 25 May 2023. At these seminars, the esteemed customers of the organization received valuable knowledge on effective early retirement […]
The National Insurance Commission, NAICOM, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Commissioner for insurance, Sunday Thomas, who has confirmed the regulators’ participation has also accepted to be the keynote speaker at the conference being organized by STANMEG […]
As the astronomical rise in the price of petrol continues to push up cost of services and rise in food items, the Center For The Promotion Pf Private Enterprise, CPPE, has suggested that the Nigerian National Petroleum Company Limited, NNPCL, considers a direct intervention measures. To help cushion effect of the ongoing hardship occasioned by […]