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Elumelu Sides With The Average Nigerian Entrepreneur

Tony Elumelu, chairman and founder of Heirs Holdings, says Nigeria would be unable to keep its investors and entrepreneurs if the issue of multiple taxation is not abolished. The billionaire noted that the average Nigerian business pays 48 taxes. Delivering the...

IMF Ranks Nigeria ‘World Second Worst’ Country In Use of Sovereign Wealth Funds

The International Monetary Fund has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds. According to the Fiscal Monitor report released on Wednesday and seen by TheCable, Qatar was the only country...

Euro, Canadian Dollar Crumble Before Central Bank Meetings

The euro fell towards a one-week low on Tuesday as the dollar gained broadly and investors began pricing in more caution from the European Central Bank at its meeting on Thursday. The ECB is facing growing pressure to address the...

‘17% of Adult Nigerians Don’t Have Smartphones’

About 17 per cent of Nigerian adults are without smartphones. A study conducted by Pew Research Centre, based in Washington D.C., USA, which disclosed this, however said 39 per cent owned a smartphone, while 44 per cent use ordinary...

Retailers, Merchants Recorded 150,777 Failed PoS Transactions Tuesday

Retailers and merchants all over the country experienced 150,777 failed Point of Sales transactions on Tuesday. The Point of Sales transactions carried out by retailers and merchants totalled 798,833 at exactly 7.10pm on Tuesday and had a high failure rate...

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43 Refineries Licensed To Refine Petroleum Products Across The Country

The Federal Government has disclosed that about 43 refineries, including large scale and modular refineries have been licensed to refine petroleum products across the...

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