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FirstBank: Shareholders Demand EGM, Want Otedola, Omodayo-Owotuga Ousted
•Move against N360 billion private placement of bank shares A group of shareholders at the First Bank of Nigeria Holdings Plc., with 10 per cent of the company’s shares, yesterday, formerly requested the…
Global appetite for seafood opens opportunity for Nigerian exporters
The global appetite for shrimps, crabs and prawns is on the rise, opening an opportunity for Nigeria’s entrepreneurs to export and earn substantial dollars.…
Investors pick Kenya over Nigeria as startup funding falls to $2.2bn
Startup investors signed more cheques for Kenyan founders than Nigerian counterparts in 2024. For the second year running, East Africa attracted…
Inflation, MPR to decline as naira seen stabilising in 2025
As Nigeria transitions into a new year where many analysts have predicted more cautious optimism, experts have said inflation may begin to…
Lasaco Assurance allots N11bn shares from private placement
Life and general insurance, Lasaco Assurance Plc, has announced the allotment of 9,250,000,000 ordinary shares of 50k each at N1.20 per share from a private placement. This was disclosed in an advertorial…
Price of calls to rise as FG agrees to tariff hike
The federal government has agreed to demands for tariff hikes in the telecommunication industry. This is expected in the coming weeks, as the…
Northern Groups Seek VAT Reversal To 3%
Opposition to the Tax Reform bills remains unabated as the coalition of Northern Groups (CNG) Gombe State Chapter, together with Civil Society Organizations…
Forex allocations for fuel imports rise to $1.25bn
The Central Bank of Nigeria says it released a total sum of $1.25 billion to oil sector operators for the importation of petroleum products and other related items into the country between January and September 2024. This…
Why is food so expensive in a food-producing nation?
Millions of Nigerians are fighting an unparalleled daily battle for survival, with families finding it difficult to obtain even one meal. People…
Pension fund shocker: April 1 deadline looms for employers over remittances
Employers will not be able to remit deducted pension funds into employees’ Retirement Saving Accounts, RSAs, from April 1, 2025, if they fail to key into a new standardized payment schedules system that have been…
GTCO PLC Announces Successful Completion of the 1st Phase of Its Equity Capital Raise Programme;…
Guaranty Trust Holding Company Plc (“GTCO Plc” or the “Group”) (NGX: GTCO) is pleased to announce the successful…
Arewa Youths Reject CBN’s Planned Layoff Of 1,000 Staff
The Arewa Youth Assembly (AYA) has rejected the move by the Central Bank of Nigeria (CBN) to reduce its workforce by 1,000, saying the layoff will destabilise the economy and increase the poverty level in the…
Mass layoff: Disengaged staff members sue CBN, demand N30bn compensation
Former staff members of the Central Bank of Nigeria (CBN) who were dismissed in a mass layoff last year, have sued the apex bank. In a court document seen by TheCable on Monday, the workers alleged that the CBN violated…
FG Can Retain VAT As It Is – Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said it is possible for the current Value Added Tax structure to be kept as it is given the controversies it had…
No Plan To Devalue Naira Again In 2025 – CBN
The Central Bank of Nigeria (CBN) will apply part of the $2.2 billion Eurobond proceeds to exit its numerous swaps as it allayed the market’s fear of further Naira devaluation in 2025. “No, we are not devaluing”, a…
Yuletide: Fintech payment platforms hold sway as bank customers lament poor services
The festive season has highlighted a significant shift in Nigeria’s financial landscape, with fintech platforms rising as…
How ‘Detty December’ defied Nigeria’s economic crisis
Entertainment Editor, ROTIMI IGE, in this report, analyses the cost of ‘Detty December’, now an annual festival in…
Loan app sparks outrage by posting 87 debtors’ photos online
A loan app, Delinquent Loans, has sparked controversy after sharing photos of 87 debtors online in a bold attempt to recover unpaid loans. The incident came to light through a series of TikTok videos posted by the…
Huge Unsold Stock: ‘Poultry farmers are lamenting massive losses as people shunned chicken during…
In this interview, the Director General, DG, Poultry Association of Nigeria, PAN, Dr Onallo Akpa, narrates the losses incurred by poultry farmers during Christmas and New Year celebrations as many Nigerians snubbed…
Corporate tax, VAT boosted federation account to N6.86tn – CBN
Receipts into the federation account grew by 7.48 per cent to N6.86 trillion in the third quarter of 2024, the latest Economic Report by the Central Bank of Nigeria has revealed. According to the report, the…
Valuation of GTCO, Nine Other Banks Rises to N7.87tn in 2024 Amid Banking Recapitalisation Drive
The market value of Guaranty Trust Holding Company Plc (GTCO) and nine other banks rose to N7.87 trillion in 2024 as…
Northern Elders calls for suspension of tax reform bills
The Northern Elders’ Forum (NEF), on Saturday, raised concerns over the Federal Government’s proposed Tax Reform Bills, urging immediate suspension of their implementation. The forum criticised the government for…
2024: Nigerian box office records 60% growth, rakes in N11.5bn
The Cinema Exhibitors Association of Nigeria (CEAN), says the Nigerian film industry has experienced a significant surge with the Box Office recording an impressive 60 per cent increase in 2024. Mr Ope Ajayi, CEAN’s…
Alake of Egbaland resigns as Oando chairman, Ademola Akinrele takes over
Oando Plc has appointed Ademola Akinrele as its board chairman after Adedotun Gbadebo, the Alake of Egbaland, resigned from the position. In a statement on Friday, Ayotola Jagun, the company’s secretary, said…