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TheCable

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Ahead of yuletide, naira weakens to 570/$1 at parallel market

    Ahead of yuletide, naira weakens to 570/$1 at parallel market

The Nigerian naira has weakened to N570 per dollar at the parallel market ahead of yuletide. Black market traders in Lagos who spoke to TheCable on Friday put the buying

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South Korea to gift Nigeria $12.4m solar mini-grids

    South Korea to gift Nigeria $12.4m solar mini-grids

The South Korean government has pledged to donate $12.4 million for the construction of solar mini-grids in Nigeria. Kim Young Choe, ambassador of South Korea to Nigeria, said this at

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SEC: Capital market operators to pay regulatory fee on bond transactions from Jan 1

    SEC: Capital market operators to pay regulatory fee on bond transactions from Jan 1

The Securities and Exchange Commission (SEC) says it will charge a regulatory fee on fixed income (bonds) transactions at the secondary market with effect from January 1, 2022. The development

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Crypto ban, halt in FX sale to BDCs… 5 CBN policies that impacted Nigerians in 2021

    Crypto ban, halt in FX sale to BDCs… 5 CBN policies that impacted Nigerians in 2021

Throughout 2021, the Central Bank of Nigeria (CBN) implemented various reforms and policies to ensure economic and financial stability. While it received kudos for some of its policies, the apex

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Food prices dropped in Akwa Ibom, price of gas increased… highlights of Nigeria’s November inflation report

    Food prices dropped in Akwa Ibom, price of gas increased… highlights of Nigeria’s November inflation report

The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined marginally in

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NGF: States to clear ALL outstanding pensions after petrol subsidy removal

    NGF: States to clear ALL outstanding pensions after petrol subsidy removal

The Nigeria Governors’ Forum (NGF) says states will clear all outstanding pension liabilities after the removal of fuel subsidy in

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5G wireless capable of causing flight chaos, major US airlines warn

    5G wireless capable of causing flight chaos, major US airlines warn

Major US air carriers have warned that plans to use 5G wireless services could disrupt thousands of flights and cost

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FAAN suspends airfield officer, commences investigation over ‘runway incident’

    FAAN suspends airfield officer, commences investigation over ‘runway incident’

The Federal Airports Authority of Nigeria (FAAN) says it has suspended an airfield officer over “an averted runaway incident” at

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‘We remain committed to driving broadband capacity’ — Airtel Africa commends NCC over 5G spectrum auction

    ‘We remain committed to driving broadband capacity’ — Airtel Africa commends NCC over 5G spectrum auction

Segun Ogunsanya, group chief executive officer of Airtel Africa, has commended the Nigerian Communications Commission (NCC) for a transparent 5G

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BOI wins SERAS awards for contribution to financial inclusion

    BOI wins SERAS awards for contribution to financial inclusion

The Bank of Industry (BOI) has received two awards at the recently concluded 2021 Sustainability, Enterprise and Responsibility Awards. BOI

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