Russian-Ukraine war: Buhari approves $8.5m to evacuate 5000 stranded Nigerians
President Muhammadu Buhari has approved $8.5 million for the immediate evacuation of 5,000 Nigerians stranded as a result of the Russian-Ukraine war. Zubairu Dada, minister of state for foreign affairs, said the approval was issued on Wednesday at the federal executive council (FEC) meeting presided over by Vice-President Yemi Osinbajo. Dada said […]
NMDPRA: Nigeria’s natural gas reserves hit 209.5tcf — up by 1.4% in one year
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the country’s proven natural gas reserves stood at 209.5 trillion cubic feet (tcf) as at January 1, 2022. Farouk Ahmed, chief executive officer of NMDPRA, said this at the 2022 Nigeria International Energy Summit (NIES) on Wednesday in Abuja. Ahmed said the […]
Naira drops 0.2% to trade N578/$1 at parallel market
The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux De Change operators (BDCs), popularly known as ‘abokis’, who spoke to TheCable in Lagos, quoted the naira at N578 to the dollar at the street market. The figure is N1 or 0.2 percent […]
Ngige: FG working to address ASUU’s demands — N92bn paid so far
Chris Ngige, minister of labour and employment, says the federal government is working on measures to resolve the issues which led to the current strike by the Academic Staff Union of Universities (ASUU). ASUU had, on February 14, declared a one-month strike. Speaking with state house correspondents on Tuesday after a meeting […]
APC governors meet Buhari, say no plan to shift convention date
Governors of the All Progressives Congress (APC) say the national convention scheduled for March 26 in Abuja will hold. Atiku Bagudu, governor of Kebbi state and chairman of the progressive governors’ forum, said this on Tuesday after the governors met with President Muhammadu Buhari in Abuja. There had been speculations that some […]
Electoral act: Nigerians who lose PVCs 90 days before election won’t vote
For Nigerians interested in participating in the 2023 elections, it’s time to keep your permanent voter cards (PVCs) closer than ever. This is because under the Electoral Act 2022, persons whose PVCs are lost or damaged 90 days before an election date will not be eligible to vote in that election. On Friday, […]
Ooni, Alaafin wade into rift between Aregbesola, Tinubu
Adeyeye Ogunwusi, the Ooni of Ife, and Lamidi Adeyemi, the Alaafin of Oyo, met with Rauf Aregbesola, minister of interior, on Tuesday. The meeting is connected to the expected reconciliation between Aregbesola and Bola Tinubu, a chieftain of the All Progressives Congress (APC). TheCable understands that Aregbesola met with the high-ranking Yoruba […]
Oil price rises above $105 a barrel ahead of OPEC+ meeting
Global oil price surpassed $105 a barrel ahead of the meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, known as OPEC+. On Tuesday, Brent Crude futures settled up 7.35 percent to $105.66 a barrel, at 16.30 GMT+1. West Texas Intermediate Crude futures proportionally gained 7.54 […]
No immunity for senate president, speaker as n’assembly votes on constitution amendments
The national assembly has rejected a constitutional bill seeking to expand immunity to the presiding officers of the national assembly. The bill also sought to extend the immunity privilege to the chief justice of Nigeria (CJN). The proposed legislation is titled: ‘A Bill for an Act to Alter the Provisions of the […]
N’assembly passes bill granting financial autonomy to LGAs
The senate and house of representatives have passed a bill seeking to grant financial autonomy to LGAs across the country. Both chambers passed the bill with a sweeping majority. The legislation is entitled: ‘Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to Abrogate the State […]