Business – TheCable https://www.thecable.ng Nigeria's independent online newspaper Sun, 05 Jul 2020 12:01:04 +0000 en-US hourly 1 Luggage disinfection, no VIP aides… FAAN publishes reopening guidelines https://www.thecable.ng/luggage-disinfection-no-vip-aides-faan-publishes-reopening-guidelines https://www.thecable.ng/luggage-disinfection-no-vip-aides-faan-publishes-reopening-guidelines#comments Fri, 03 Jul 2020 20:00:24 +0000 http://www.thecable.ng/?p=456448 The Federal Airports Authority of Nigeria (FAAN) has released resumption guidelines for passengers and other airport users as flight operations resume from July 8. The guidelines were published in a

The post Luggage disinfection, no VIP aides… FAAN publishes reopening guidelines appeared first on TheCable.

]]>
https://www.thecable.ng/luggage-disinfection-no-vip-aides-faan-publishes-reopening-guidelines/feed 1
NSIA grows net income by 24% as sovereign wealth savings hit $1.75bn https://www.thecable.ng/nsia-grows-net-income-by-24-as-sovereign-wealth-savings-hit-1-75bn https://www.thecable.ng/nsia-grows-net-income-by-24-as-sovereign-wealth-savings-hit-1-75bn#respond Fri, 03 Jul 2020 18:19:17 +0000 http://www.thecable.ng/?p=456520 The Nigeria Sovereign Wealth Authority (NSIA) has announced that it recorded a net income of N34.87 billion in 2019, up from the N26.28 billion reported in 2018. Addressing journalists on

The post NSIA grows net income by 24% as sovereign wealth savings hit $1.75bn appeared first on TheCable.

]]>
https://www.thecable.ng/nsia-grows-net-income-by-24-as-sovereign-wealth-savings-hit-1-75bn/feed 0
COVID-19: Guinness Nigeria notifies investors of potential profit slump https://www.thecable.ng/covid-19-guinness-nigeria-notifies-investors-of-potential-profit-slump https://www.thecable.ng/covid-19-guinness-nigeria-notifies-investors-of-potential-profit-slump#respond Fri, 03 Jul 2020 13:37:10 +0000 http://www.thecable.ng/?p=456471 Guinness Nigeria Plc has notified the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE) and the investing public that it may suffer a profit slump due to the

The post COVID-19: Guinness Nigeria notifies investors of potential profit slump appeared first on TheCable.

]]>
https://www.thecable.ng/covid-19-guinness-nigeria-notifies-investors-of-potential-profit-slump/feed 0
FIRS introduces stamp duty for rent agreements, C of O https://www.thecable.ng/firs-introduces-stamp-duty-for-rent-agreements-c-of-o https://www.thecable.ng/firs-introduces-stamp-duty-for-rent-agreements-c-of-o#respond Fri, 03 Jul 2020 12:04:11 +0000 http://www.thecable.ng/?p=456461 The Federal Inland Revenue Service (FIRS) says stamp duty will now be paid on house rent and certificate of occupancy (C of O). Abdullahi Ahmad, director of FIRS communications and

The post FIRS introduces stamp duty for rent agreements, C of O appeared first on TheCable.

]]>
https://www.thecable.ng/firs-introduces-stamp-duty-for-rent-agreements-c-of-o/feed 0
Domestic debt servicing gulps N609.134bn in Q1 2020 https://www.thecable.ng/domestic-debt-servicing-gulps-n609-134bn-in-q1-2020 https://www.thecable.ng/domestic-debt-servicing-gulps-n609-134bn-in-q1-2020#respond Fri, 03 Jul 2020 10:50:28 +0000 http://www.thecable.ng/?p=456403 Data made available by the Debt Management Office (DMO) shows that the federal government spent N609.13 billion on servicing domestic debt between January and March 2020. According to a document

The post Domestic debt servicing gulps N609.134bn in Q1 2020 appeared first on TheCable.

]]>
https://www.thecable.ng/domestic-debt-servicing-gulps-n609-134bn-in-q1-2020/feed 0
NPA insists it has no secret account, welcomes probe by reps https://www.thecable.ng/npa-insists-it-has-no-secret-account-welcomes-probe-by-reps https://www.thecable.ng/npa-insists-it-has-no-secret-account-welcomes-probe-by-reps#respond Thu, 02 Jul 2020 19:23:09 +0000 http://www.thecable.ng/?p=456303 The Nigerian Ports Authority (NPA) has insisted that there is no cloned account in its name. John Okpurhe, a whistleblower, had written a petition to President Muhammadu Buhari on “over

The post NPA insists it has no secret account, welcomes probe by reps appeared first on TheCable.

]]>
https://www.thecable.ng/npa-insists-it-has-no-secret-account-welcomes-probe-by-reps/feed 0
OPay shuts down ride-hailing business, to focus on fintech, e-commerce https://www.thecable.ng/opay-shuts-down-ride-hailing-business-to-focus-on-fintech-e-commerce https://www.thecable.ng/opay-shuts-down-ride-hailing-business-to-focus-on-fintech-e-commerce#respond Thu, 02 Jul 2020 17:27:24 +0000 http://www.thecable.ng/?p=456233 OPay has announced that it will shut down some of its business units including its ride-hailing (ORide, OCar) and logistics (OExpress) services to focus more on Nigerian financial and technology

The post OPay shuts down ride-hailing business, to focus on fintech, e-commerce appeared first on TheCable.

]]>
https://www.thecable.ng/opay-shuts-down-ride-hailing-business-to-focus-on-fintech-e-commerce/feed 0
Adesina: Ex-Irish president to lead review of ethics committee report https://www.thecable.ng/adesina-ex-irish-president-to-lead-review-of-ethics-committee-report https://www.thecable.ng/adesina-ex-irish-president-to-lead-review-of-ethics-committee-report#respond Thu, 02 Jul 2020 16:14:59 +0000 http://www.thecable.ng/?p=456212 The bureau of the board of governors of the African Development Bank has appointed Mary Robinson, former president of Ireland, to lead the independent committee that will review the report

The post Adesina: Ex-Irish president to lead review of ethics committee report appeared first on TheCable.

]]>
https://www.thecable.ng/adesina-ex-irish-president-to-lead-review-of-ethics-committee-report/feed 0
Odinkalu to FG: You can’t ask business owners not to increase prices when you’ve raised VAT https://www.thecable.ng/odinkalu-to-fg-you-cant-ask-business-owners-not-to-increase-prices-when-youve-raised-vat https://www.thecable.ng/odinkalu-to-fg-you-cant-ask-business-owners-not-to-increase-prices-when-youve-raised-vat#respond Thu, 02 Jul 2020 15:11:37 +0000 http://www.thecable.ng/?p=456213 Chidi Odinkalu, former chairman of the National Human Rights Commission (NHRC), says it is wrong for the federal government to direct business operators not to increase prices of goods and

The post Odinkalu to FG: You can’t ask business owners not to increase prices when you’ve raised VAT appeared first on TheCable.

]]>
https://www.thecable.ng/odinkalu-to-fg-you-cant-ask-business-owners-not-to-increase-prices-when-youve-raised-vat/feed 0
EXTRA: Sneezing onboard will be treated as COVID-19, says Aero boss https://www.thecable.ng/aero-contractors-passengers-with-malaria-common-cold-may-not-be-allowed-onboard https://www.thecable.ng/aero-contractors-passengers-with-malaria-common-cold-may-not-be-allowed-onboard#respond Thu, 02 Jul 2020 11:04:29 +0000 http://www.thecable.ng/?p=456146 Ado Sanusi, the chief executive officer of Aero Contractors, has advised intending passengers who have a cold or malaria not to come to the airport. Speaking on Sunrise Daily, a

The post EXTRA: Sneezing onboard will be treated as COVID-19, says Aero boss appeared first on TheCable.

]]>
https://www.thecable.ng/aero-contractors-passengers-with-malaria-common-cold-may-not-be-allowed-onboard/feed 0