MARKET UPDATE
Advertisement Topt

TheCable

Business

World Bank: Rising petrol subsidy could pose debt sustainability concerns for Nigeria 

    World Bank: Rising petrol subsidy could pose debt sustainability concerns for Nigeria 

The World Bank says Nigeria’s increasing fuel subsidy could pose debt sustainability concerns for the country.  The bank disclosed this in its latest ‘Africa’s Pulse’ report, a biannual analysis of

0 comment Read Full Article

CISLAC calls for imposition of tobacco tax on shisha, electric smoking devices

    CISLAC calls for imposition of tobacco tax on shisha, electric smoking devices

The Civil Society Legislative Advocacy Centre (CISLAC) has called on the federal government to include shisha pots and other electric smoking devices in the new tobacco tax regime. Okeke Anya,

0 comment Read Full Article

Twitter adopts ‘poison pill’ to prevent Elon Musk from increasing stake

    Twitter adopts ‘poison pill’ to prevent Elon Musk from increasing stake

Twitter says it has adopted a limited duration shareholder rights plan, known as a “poison pill”. In a statement on Friday, the company said its board of directors voted unanimously

0 comment Read Full Article

1% from companies’ profit, 0.2% from federation revenue… highlights of NYSC Trust Fund bill

    1% from companies’ profit, 0.2% from federation revenue… highlights of NYSC Trust Fund bill

On Tuesday, the house of representatives passed a bill seeking to establish a trust fund for the National Youth Service Corps (NYSC) scheme. The NYSC Trust Fund (Establishment) Bill 2021

0 comment Read Full Article

Jack Dorsey’s NFT tweet gets $6,800 top bid — 13 months after it sold for $2.9m

    Jack Dorsey’s NFT tweet gets $6,800 top bid — 13 months after it sold for $2.9m

Sina Estavi, a cryptocurrency entrepreneur, may lose up to 99.9 per cent from the sale of Jack Dorsey’s non-fungible token

0 comment Read Full Article

Nigeria’s inflation rate hits 15.92% — highest level since October 2021

    Nigeria’s inflation rate hits 15.92% — highest level since October 2021

The consumer price index, which measures the rate of increase in the price of goods and services, climbed to 15.92

0 comment Read Full Article

NPA berths vessel at Onne Port, says complex becoming attractive for container traffic

    NPA berths vessel at Onne Port, says complex becoming attractive for container traffic

Nigerian Ports Authority (NPA) says it has successfully berthed a vessel, MV Lady Jane, at Onne Port Complex, Rivers state.

0 comment Read Full Article

Vanguard Group overtakes Elon Musk as Twitter’s largest shareholder amid $43bn takeover bid

    Vanguard Group overtakes Elon Musk as Twitter’s largest shareholder amid $43bn takeover bid

Elon Musk, the billionaire founder of Tesla Inc, is no longer the largest shareholder of Twitter. Musk currently owns a 9.2

0 comment Read Full Article

From May, passengers have to present NIN before boarding trains

    From May, passengers have to present NIN before boarding trains

The Nigerian Railway Corporation (NRC) says passengers will be required to provide their National Identity Number (NIN) before boarding trains

0 comment Read Full Article

Nigeria to benefit as IMF approves $45bn fund for low and middle-income countries

    Nigeria to benefit as IMF approves $45bn fund for low and middle-income countries

The International Monetary Fund (IMF) has approved a $45 billion trust fund to help low and vulnerable middle-income countries build

0 comment Read Full Article
error: Content is protected from copying.