Busola Aro

Lagos

Journalist and Content Writer at TheCable

Award-winning Journalist @thecable| Content developer| Customer/Media relations expert

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Articles

Foundation signs MoU with ECOWAS to launch regional para-athletes' games

1 week ago | thecable.ng | Busola Aro

The Nigeria Unconquered Foundation (NUF) has signed a memorandum of understanding (MoU) with the Economic Community of West African States (ECOWAS) to launch para-athletes’ games in the region. The initiative is a new West African sports platform designed to promote inclusion for persons with disabilities (PWDs) and wounded veterans across the region.
PenCom: Pension fund assets increased to N23.33trn in Q1 2025 - up by N820bn

1 week ago | thecable.ng | Busola Aro

The National Pension Commission (PenCom) says the total assets under the contributory pension scheme (CPS) rose to N23.33 trillion as of March 31. Saleem Abdulrahman, director of surveillance, at PenCom, spoke on Thursday in Lagos. Abdulrahman said that the figure represented an increase of N820 billion when compared with the N22.51 trillion recorded as of December 31, 2024.
DMO: FG’s N50bn green bond oversubscribed by 183%

1 week ago | thecable.ng | Busola Aro

The Debt Management Office (DMO) says Nigeria’s N50 billion green bond offer closed with an oversubscription of N91.42 billion. In a statement on Thursday, Patience Oniha, the director-general of the DMO, said the issuance attracted strong investor interest, with a subscription rate of 183 percent. Oniha said the “impressive” demand reflects investor confidence in Nigeria’s growing green bond market.
Cost studies determine telecoms service rates, says NCC chief

1 week ago | thecable.ng | Busola Aro

The Nigerian Communications Commission (NCC) says telecommunications service rates are determined through a comprehensive cost study that analyses the actual service costs. Aminu Maida, the executive vice-chairman (EVC) of the NCC, spoke on Thursday in Abuja during an interactive session with the Nigeria Information Technology Reporters’ Association (NITRA).
FCCPC seals France, Belgium visa centres for 'obstructing' investigations

1 week ago | thecable.ng | Busola Aro

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed off the visa centres of France, Belgium and Italy at the Mukhtar El-Yakub House, Central Business District, Abuja. TLS Contact, a teleperformance company, manages the centre. The FCCPC said the office was sealed in collaboration with the Nigerian police and the Nigeria Security and Civil Defence Corps (NSCDC) as staff of the centre resisted the sealing.
Access Bank to meet forbearance conditions by June 30, assures shareholders of dividends payment

1 week ago | thecable.ng | Busola Aro

Access Bank says it is on track to fully meet outstanding regulatory forbearance conditions by the end of June 2025. In a corporate filing on Wednesday, the financial institution addressed the June 14 circular of the Central Bank of Nigeria (CBN), which outlined updated prudential measures for banks operating under regulatory forbearance.
FAAC: FG, states, LGAs shared N1.6trn in May | VAT revenue increased by N100bn

1 week ago | thecable.ng | Busola Aro

The federation account allocation committee (FAAC) says it shared a total sum of N1.65 trillion among the three tiers of government as allocation for May. This represents a decrease of N30 billion compared to the N1.68 trillion shared in April. According to a statement on Wednesday from the finance ministry, the figure was confirmed in a communique issued at the end of the FAAC’s June 2025 meeting.
Zenith Bank says it'll exit CBN's forbearance scheme by June 30

1 week ago | thecable.ng | Busola Aro

Zenith Bank Plc says it expects to exit all regulatory forbearance arrangements by the end of June 2025, following the Central Bank of Nigeria’s (CBN) recent circular on enhanced prudential measures for banks.
Telcos to start charging bank customers for USSD services from today

1 week ago | thecable.ng | Busola Aro

Bank customers in Nigeria will now be charged directly by their mobile network operators for unstructured supplementary service data (USSD) services, starting today. The development comes two weeks after the Nigerian Communications Commission (NCC) directed deposit money banks (DMBs) to stop deducting charges for USSD transactions directly from customers’ accounts. Banks had notified customers via email that charges will now be deducted from their mobile airtime.
Wilmar acquires PZ Cussons’ 50% stake in Nigerian joint venture for $70m

1 week ago | thecable.ng | Busola Aro

Wilmar International Limited, a Singaporean food processing and investment holding company, has reached an agreement to acquire a 50 percent stake held by PZ Cussons plc in their Nigerian joint venture, PZ Wilmar Limited, for $70 million. The two parties announced the transaction in a joint statement on Wednesday. According to the statement, the acquisition is subject to relevant regulatory approvals and is expected in the final quarter of 2025.