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Business
Arik Air shareholders tackle AMCON over N455bn debt claim
The shareholders of Arik Air, an indigenous airline currently under the control of the Asset Management Corporation of Nigeria, have debunked claims that the debt accruable to the airline’s owner, Johnson Arumem-Ikhide,…
Tariff Hike: Telcom Subscribers Reject Minister’s 60% Proposal
The Association of Telephone, Cable TV, and Internet Subscribers of Nigeria has rejected the proposed telecom tariff hike of…
Bisi Onasanya denies involvement in ‘N12bn loan fraud’ at First Bank
Bisi Onasanya, former group managing director (MD) of First Bank of Nigeria (FBN) Limited, has denied involvement in the…
Dangote Refinery Blames Petrol Price Hike On Rising Global Crude Oil Prices, Vows N970/Litre Retail…
The Dangote Petroleum Refinery has said that the recent increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, is…
Trump wants 50% U.S. ownership of TikTok
U.S. President-elect Donald Trump on Sunday told his supporters that he wants Chinese-owned short-form video app TikTok to be at least 50 per cent owned by U.S. investors. On the eve of his swearing-in, Trump told a…
PFAs Exposure in FGN Bond, Stock Market Rises to N15.96tn in 11 Months
The exposure of the Pension Fund Administration’s (PFAs) in federal government’s securities and the domestic stock market soared to N15.96 trillion in 11 months of 2024, due to the attractive returns and…
Tax bills will be passed in Q1, implementation to commence in July – Taiwo Oyedele
Taiwo Oyedele, chairman of the presidential committee on tax policy and fiscal reforms, says the tax reform bills will be…
JUST IN: Bisi Onasanya, ex FirstBank MD flees Nigeria
Bisi Onasanya, the embattled former Managing Director of FirstBank has followed in the steps of Oba Otudeko, the…
FG will overhaul free zones operations to clampdown on misuse – Oduwole
The federal government says there are plans to overhaul and modernise the operations of free trade zones in the country by tightening regulations to combat…
MTN Raises N42.20bn Through Commercial Paper
MTN Nigeria Communications PLC has successfully raised N42.20 billion through its Series 15 and 16 Commercial Paper (CP) issuance under the company’s N250 billion Commercial Paper Issuance Programme. The funds, issued…
Bitcoin Above $100k As Trump Reportedly Plans Crypto Push
U.S. President-elect Donald Trump is preparing to sign an executive order making cryptocurrency a national policy priority and granting industry leaders a…
First Bank Urges Court Not To Unfreeze GHL Accounts
As the controversies over the $225.8 million owed First Bank of Nigeria Limited by General Hydrocarbons Limited (GHL) rage on, the lender has urged the…
Lift freezing orders irregularly obtained by First Bank – GHL, others tell court
General Hydrocarbons Limited has urged the Federal High Court in Lagos to discharge the order freezing the assets and accounts of General Hydrocarbons…
AMCON vows to recover N227b from Arik Air
The Asset Management Corporation of Nigeria says it is determined to recover N227 billion debt from Arik Air. Head, Corporate Communications of AMCON,…
WEMA BANK KICKS OFF 2025 WITH N11,000,000 CASH PRIZE IN 5 FOR 5 PROMO SEASON
...Set to reward 131 Nigerians in first monthly draw of 2025* Wema Bank, Nigeria's foremost innovative bank and pioneer…
Petrol pump price surges to N1,150 after Dangote hike
The pump prices of Premium Motor Spirit, popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote…
JUST IN: TikTok to be banned in the US from Sunday, Supreme Court rules
The US Supreme Court on Friday upheld a law that will ban TikTok in the United States, potentially denying the video-sharing app to 170…
JUST IN: Dangote raises petrol prices to N955 from N899/litre for bulk buyers
Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment in the price of Premium Motor Spirit, also known as petrol,…
World Bank projects 3.6% economic growth for Nigeria
Says FG’s reforms improved business confidence The World Bank yesterday projected 3.6 per cent average economic growth for the Nigerian economy between 2025 and 2026, adding that recent reforms by the Federal…
Oba Otudeko suddenly leaves Nigeria as EFCC closes in
Oba Otudeko, a former chairman of the First Bank of Nigeria (FBN), has suddenly left Nigeria, TheCable understands. His departure…
Otudeko Refutes Alleged Role in FBN Holdings, Vows to Defend Reputation
•Says no plan to return to board Industrialists and Founder/Chairman, Honeywell Group, Oba Otudeko, yesterday clarified that he has never served in an executive capacity within FBN Holdings Plc and its banking…
Dangote refinery projects 650,000bpd June, plans crude import
•Facility now producing 500,000bpd as officials look beyond Nigeria to meet demand for product The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum…
Foreign Airlines Trapped Funds Can’t Happen In Nigeria Again – Finchglow GMD
The crisis that engulfed the foreign airlines’ trapped funds in Nigeria in the past years has…
Budget: Nigeria needs 127.7m barrels or $10.3b oil revenue, says FG
• Marketers optimistic as NUPRC insists theft dropped by 40%• PENGASSAN proposes $200b budget for economic growth• Makes case for intellectuals to curtail grid collapse The Federal Government has disclosed…