Stanbic IBTC begins deduction of N50 electronic transfer levy from domiciliary accounts
Stanbic IBTC Bank says it will start deducting the sum of N50 as electronic money transfer levy (EMTL) on transfers into domiciliary accounts.
The bank notified...
FAAC allocation for FG, states in February 2024 [BREAKDOWN]
The three tiers of Government, Federal, State and Local government councils shared N1.15 trillion in revenue from the Federation Accounts Allocation Committee, FAAC, in...
Mark Zuckerberg moving on from idea of fighting Elon Musk, says the Tesla boss...
Meta CEO, Mark Zuckerberg has said he is moving on from a rumoured cage fight with Elon Musk, claiming the Tesla boss “isn’t serious”.
The...
Naira crashes to 1,030/$ as speculators react
The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered...
Fidelity Bank to acquire Union Bank UK
The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary.
Fidelity Bank said the...
Creditors Owe Federal Government ₦5.2 Trillion – Finance Minister
The federal government is being owed a whooping sum of N5.2 trillion. The Minister of Finance, Budget and national Planning, Mrs. Zainab Ahmed, disclosed...
Obajana: Kogi alleges asset-grabbing, Dangote kicks
The government of Kogi State has accused Dangote Industries Limited of “callous and deliberate asset grabbing” but the company countered it, saying that the...
Dangote, Yahaya Bello meet in Aso Rock to resolve Obajana ownership tussle
The meeting, which also had in attendance Ibrahim Gambari, chief of staff to the president, and Abdullahi Sule, governor of Nasarawa, is over the recent...
Marketers excited as Dangote slashes diesel price to N1,000/litre
The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly...
NIN-SIM: MTN bars 19m subscribers from making calls
Following the Nigerian Communications Commission’s (NCC’s) directive of April 4, 2022 that operators should restrict outgoing calls for subscribers whose Subscribers Identity Modules (SIMs)...
Russia Gas Cuts: EU Looks To Nigeria For Energy
Following gas cuts by Russia, the European Union is looking to Nigeria as an alternative to augment its gas needs.
The Deputy Director-General of the European Commission’s...
Beyond Naira Depreciation
Nigerians woke up recently to observe that the naira, which had persistently experienced a slide downwards, was becoming punch drunk in the face of...
‘We’re no longer interested’ — BUA says Kogi can revoke 50,000-hectare land
The company said this in a letter seen by TheCable, dated October 14, 2022, and addressed to the director-general of the state’s bureau of...
NEMA Gives Yam Seedlings To 1,754 Lagos Farmers
On Monday, the National Emergency Management Agency (NEMA) began the distribution of yam seedlings to 1,754 farmers in different parts of Lagos.
NEMA’s South-West zonal...
World Still Needs To Use Oil And Gas Or ‘Civilization Will Crumble’ – Elon...
Elon Musk said the world still needs oil and gas in order to avoid civilization from crumbling, Reuters reported.
He made the comments at an...
Report: Verified Twitter users to pay $20 monthly for blue badge
The blue “verified” badge on Twitter lets people know that an account of public interest is authentic.
To qualify, accounts must be “notable, authentic and...
Afreximbank Wants Africa To Improve Industrial Capacity To Make Trade Agreement Work
Kanayo Awani, Managing Director, Intra-African Trade Initiative, at the Africa Export-Import Bank (Afreximbank), has said improving market integration in Africa should be accompanied with...
Why the power crisis recurring’
Issues of Right of Way (RoW) resolution have stalled some 32 power transmission projects, worth $137 million, the National Economic Council (NEC) was told...
Nigeria/China economic partnership boosting industrialization, creating jobs – Deputy Speaker, Kalu
Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu has commended China’s diplomatic and trade relationships with Nigeria, saying that the cultural...
Apple Tops $3trn In Market Value As US Stocks Rally
Wall Street stocks advanced early Friday following the latest moderation in US consumer inflation as Apple powered above $3 trillion in market valuation.
The personal...