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TheCable

Business

‘It’s worrisome’ — travel agencies lament $550m revenue loss in 2022

    ‘It’s worrisome’ — travel agencies lament $550m revenue loss in 2022

The National Association of Nigeria Travel Agencies (NANTA) says it lost $550 million of revenue in 2022, due to a drop in ticket sales. Speaking at a media briefing in

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IN DETAIL: Naira scarcity drives up transaction fees at POS points across Nigeria

    IN DETAIL: Naira scarcity drives up transaction fees at POS points across Nigeria

Point of sale (POS) operators in Nigeria have increased transaction charges as the scramble for cash persists in banks across the country due to the scarcity of the new naira

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Osinbajo to CBN: Work with fintechs, mobile money agents to address cash scarcity

    Osinbajo to CBN: Work with fintechs, mobile money agents to address cash scarcity

Vice-President Yemi Osinbajo has urged the Central Bank of Nigeria (CBN) to engage financial technology companies (fintechs) as well as mobile money agents to address the issue of getting new

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Twitter to share advert revenue with verified content creators

    Twitter to share advert revenue with verified content creators

Twitter, US-based microblogging and social networking platform, says it will share revenue from adverts with content creators on the platform. Elon Musk, Twitter’s chief executive officer, said the revenue will

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We have no plans to extend Feb 10 deadline for old naira notes, says CBN

    We have no plans to extend Feb 10 deadline for old naira notes, says CBN

The Central Bank of Nigeria (CBN) says it is not planning to extend the deadline for the use of old

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‘Bank officials sell us naira notes’ — PoS operators explain increase in charges

    ‘Bank officials sell us naira notes’ — PoS operators explain increase in charges

Point of sale (PoS) operators have claimed that bank officials sell cash (both old and new naira notes) to them.

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GTBank takes possession of Stallion Nigeria’s assets over N13bn judgement debt

    GTBank takes possession of Stallion Nigeria’s assets over N13bn judgement debt

Guaranty Trust Bank (GTB) has taken possession of assets belonging to Stallion Nigeria Limited in Lagos and its sister firms.

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Sirika: How satellite-based navigation system will reduce flight delays, improve safety

    Sirika: How satellite-based navigation system will reduce flight delays, improve safety

Hadi Sirika, minister of aviation, says the federal government is ready to implement satellite-based augmentation system (SBAS) to enhance safety

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Buhari accuses banks of ‘greed’, says CBN assured him enough naira notes could be printed

    Buhari accuses banks of ‘greed’, says CBN assured him enough naira notes could be printed

President Muhammadu Buhari says the Central Bank of Nigeria (CBN) assured him that there was “capacity, manpower and equipment” to

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Naira falls to N756/$ at parallel market amid high FX demand

    Naira falls to N756/$ at parallel market amid high FX demand

The naira, on Friday, tumbled to N756 per dollar at the parallel section of the foreign exchange market. The figure

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