Business – TheCable https://www.thecable.ng Nigeria's independent online newspaper Mon, 19 Aug 2019 22:40:33 +0000 en-US hourly 1 MTN Nigeria overtakes Dangote Cement as NSE’s largest company https://www.thecable.ng/mtn-nigeria-overtakes-dangote-cement-nse-largest-company https://www.thecable.ng/mtn-nigeria-overtakes-dangote-cement-nse-largest-company#respond Mon, 19 Aug 2019 22:40:33 +0000 http://www.thecable.ng/?p=376567 MTN Nigeria has become the largest company by market capitalisation on the Nigerian Stock Exchange (NSE). At the end of trading on Monday, MTN Nigeria’s shares closed at N138.70 per

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Emefiele: More items will face forex ban, AfCTA won’t stop us https://www.thecable.ng/emefiele-more-items-forex-ban-afcta https://www.thecable.ng/emefiele-more-items-forex-ban-afcta#respond Mon, 19 Aug 2019 17:52:39 +0000 http://www.thecable.ng/?p=376409 Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says more items will be added to forex restriction list. Emefiele told journalists at the State House on Monday that

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DisCos reject move by FG to take over power firms https://www.thecable.ng/discos-reject-move-fg-take-over-power-firms https://www.thecable.ng/discos-reject-move-fg-take-over-power-firms#respond Mon, 19 Aug 2019 14:41:49 +0000 http://www.thecable.ng/?p=376437 The Association of Nigerian Electricity Distributors (ANED) has rejected reported plans by the federal government to repossess the distribution companies (DisCos). It had earlier been reported that the government is

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‘You’re incorrect, Buhari did not ban food imports’ — Garba Shehu hits Financial Times https://www.thecable.ng/youre-incorrect-buhari-did-not-ban-food-imports-garba-shehu-hits-financial-times https://www.thecable.ng/youre-incorrect-buhari-did-not-ban-food-imports-garba-shehu-hits-financial-times#respond Mon, 19 Aug 2019 12:34:36 +0000 http://www.thecable.ng/?p=376447 Garba Shehu, senior special assistant to President Muhammadu Buhari on media and publicity, says his principal has not banned food imports into Nigeria. A week ago, Buhari had directed the

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Emefiele: EFCC investigating how P&ID deal was approved https://www.thecable.ng/efcc-investigating-pid-deal-approved https://www.thecable.ng/efcc-investigating-pid-deal-approved#respond Mon, 19 Aug 2019 11:15:03 +0000 http://www.thecable.ng/?p=376431 Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Economic and Financial Crimes Commission (EFCC) is investigating the approval of the Process and Industrial Development gas processing

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Buhari questions Fowler over ‘variances’ in tax revenue — as tenure ends https://www.thecable.ng/buhari-queries-fowler-over-variances-in-tax-revenue-as-tenure-ends https://www.thecable.ng/buhari-queries-fowler-over-variances-in-tax-revenue-as-tenure-ends#respond Sun, 18 Aug 2019 16:50:13 +0000 http://www.thecable.ng/?p=376257 There are indications that the tenure of Babatunde Fowler as executive chairman of the Federal Inland Revenue Service (FIRS) will not be renewed following President Muhammadu Buhari’s misgivings about his

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FAAN to shut down Enugu airport runway from August 24 https://www.thecable.ng/faan-shutdown-enugu-airport-august-24 https://www.thecable.ng/faan-shutdown-enugu-airport-august-24#comments Sat, 17 Aug 2019 18:19:52 +0000 http://www.thecable.ng/?p=376110 The Federal Airports Authority of Nigeria (FAAN) has notified airlines and passengers that the runway at Akanu Ibiam International Airport, Enugu will be closed for major repairs from August 24.

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Osinbajo: It’s impossible to satisfy Nigeria’s power demands from national grid alone https://www.thecable.ng/osinbajo-impossible-satisfy-power-demands-national-grid https://www.thecable.ng/osinbajo-impossible-satisfy-power-demands-national-grid#respond Sat, 17 Aug 2019 10:15:54 +0000 http://www.thecable.ng/?p=376013 Vice President Yemi Osibanjo says the country’s power needs cannot be satisfied with the electricity generated from the national grid. Speaking at the commissioning of the Niger Delta Power Holding

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Lawan to presidency: We expect to get 2020 budget by September https://www.thecable.ng/lawan-presidency-expect-2020-budget-september https://www.thecable.ng/lawan-presidency-expect-2020-budget-september#respond Sat, 17 Aug 2019 09:05:16 +0000 http://www.thecable.ng/?p=375988 Senate President Ahmad Lawan says the national assembly is expecting that the 2020 budget proposal will be submitted by September. This, he said, would ensure that the budget is passed

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FG to appeal British court order on $9bn judgment https://www.thecable.ng/breaking-fg-to-appeal-british-court-order-on-9bn-judgment https://www.thecable.ng/breaking-fg-to-appeal-british-court-order-on-9bn-judgment#respond Fri, 16 Aug 2019 17:30:15 +0000 http://www.thecable.ng/?p=375917 The federal government says it has instructed its lawyers to appeal against Friday’s judgment by an English court which gave┬áProcess and Industrial Development Limited (P&ID) the go-ahead to seize Nigerian

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