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TheCable

Business

Esusu, fintech firm, now valued at $1bn after raising $130m funding

    Esusu, fintech firm, now valued at $1bn after raising $130m funding

Esusu, a Nigerian fintech firm, has secured a $130 million Series B funding round to help build the racial wealth gap. The company announced this on Thursday, breaking the $1

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Emefiele tells manufacturers: Reduce prices of cement, steel to make housing affordable

    Emefiele tells manufacturers: Reduce prices of cement, steel to make housing affordable

Godwin Emefiele, governor of the central bank of Nigeria (CBN), says the manufacturing companies should put efforts to reduce the prices of building materials in the country to make housing

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‘We want to digitalise NIPOST’ — Pantami unveils agency’s debit card, courier vehicles

    ‘We want to digitalise NIPOST’ — Pantami unveils agency’s debit card, courier vehicles

Isa Pantami, minister of communications and digital economy, on Thursday, unveiled the Nigerian Postal Service (NIPOST) debit card and agency banking platform. The minister also launched 27 courier vehicles to

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‘Our policies are working’ — Buhari inaugurates BUA’s 3m metric tonnes cement plant in Sokoto

    ‘Our policies are working’ — Buhari inaugurates BUA’s 3m metric tonnes cement plant in Sokoto

President Muhammadu Buhari says the federal government’s policies on economic diversification, job creation and creating an enabling business environment are working. In a statement by Femi Adesina, presidential spokesperson, Buhari

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Reps ask CBN to suspend planned implementation of e-invoice policy

    Reps ask CBN to suspend planned implementation of e-invoice policy

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the planned implementation of an electronic invoice (e-invoice) for all

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FIRS: We generated N6.4trn revenue in 2021

    FIRS: We generated N6.4trn revenue in 2021

The Federal Inland Revenue Service (FIRS) says it raked N6.4 trillion as revenue in 2021. Johannes Oluwatobi Wojuola, special assistant

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UAE to lift entry ban on travellers from Nigeria Saturday

    UAE to lift entry ban on travellers from Nigeria Saturday

The United Arab Emirates (UAE) says it will resume passenger flights from 12 African countries, including Nigeria, from Saturday, January

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AfDB to launch Nigeria’s agro-industrial processing zones in February

    AfDB to launch Nigeria’s agro-industrial processing zones in February

African Development Bank (AfDB) says plans are underway for the rapid roll-out of the first phase of special agro-industrial processing

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TLcom Capital raises $70m to back African tech startups

    TLcom Capital raises $70m to back African tech startups

TLcom Capital, a venture capital firm, says it has secured $70 million for its $150 million fund to invest in

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AFEX: Naira depreciation, demand-supply gap may drive up food prices in 2022

    AFEX: Naira depreciation, demand-supply gap may drive up food prices in 2022

AFEX, one of Nigeria’s commodity players, has projected that food prices will continue to skyrocket in 2022. The company said

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