Resident doctors begin indefinite strike over ‘unmet demands’
The Nigerian Association of Resident Doctors (NARD) has commenced an indefinite strike. Emeka Orji, NARD president, told TheCable that the strike began at 12am on Wednesday. In early July, NARD issued a two-week ultimatum to the federal government for the implementation of all its demands. Orji said the association made the […]
CBN: Old naira will be phased out gradually… new notes still being issued
The Central Bank of Nigeria (CBN) says plans to gradually phase out the old N200, N500, and N1,000 naira notes are ongoing, as new notes are still being issued. Folashodun Shonubi, acting governor of the apex bank, spoke on Tuesday after the monetary policy committee (MPC) meeting at the CBN headquarters in Abuja. […]
Senate leader: Tinubu will send ministerial list to us within 48 hours
Micheal Bamidele, senate leader, says President Bola Tinubu will send his ministerial list to the national assembly within the next 48 hours. Bamidele spoke on Tuesday during the public presentation of books to mark his 60th birthday at the Shehu Musa Yar’Adua centre, Abuja. The senate leader said Tinubu could not attend […]
We can’t achieve national development without your efforts, Tinubu tells Nigerians in diaspora
President Bola Tinubu has asked Nigerians in the diaspora to fully commit to the joint task of nation-building. Tinubu, represented by Femi Gbajabiamila, the chief of staff (CoS), spoke on Tuesday while marking the National Diaspora Day in Abuja. The event, organised by the Nigerians in Diaspora Commission (NiDCOM), was themed “Consolidating […]
‘Bamboo, Nairabet, abokiFX’ — CBN unfreezes bank accounts of 440 persons, companies
The Central Bank of Nigeria (CBN) has asked banks to vacate a post-no-debit restriction placed on the bank accounts of 440 individuals and companies. A post-no-debit means that all debit transactions, including ATMs and cheques, on the accounts, have been blocked but can receive inflows. The circular, signed by A.M. Barau on […]
Appeal court discharges Sule Lamido of N712m money laundering charges
The court of appeal in Abuja has discharged Sule Lamido, former governor of Jigawa state, and his two sons, of N712 million money laundering allegation. In a judgment delivered on Tuesday, the court held that the no-case submission filed by the defendants was meritorious. The Economic and Financial Crimes Commission (EFCC) charged […]
CBN makes first MPC decision under Tinubu, hikes interest rate to 18.75%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 18.5 percent to 18.75 percent. CBN’s decision is the first monetary policy decision made by the committee since the Bola Tinubu administration took office on May 29, 2023. While […]
Subsidy removal: Petrol price soared by 210% in one year, says NBS
The National Bureau of Statistics (NBS) says the price of petrol in Nigeria increased by 210.31 percent year-on-year. This means Nigerians, in June 2023, paid an average price of N545.83 for a litre of petrol compared to N175.89 in the period last year. Details on the price movement are contained in the […]
Tinubu meets with Abdullahi Adamu, Omisore at Aso Villa
President Bola Tinubu on Tuesday met with Abdullahi Adamu, former national chairman of the All Progressives Congress (APC), and Iyiola Omisore, the party’s former national secretary, at the presidential villa in Abuja. Both men, who arrived together for the meeting, were seen exiting after the session at about 1.30pm. Adamu and Omisore […]
After face-off with prison officials, DSS rearrests Emefiele despite bail
The Department of State services (DSS) has rearrested Godwin Emefiele, the suspended governor of the Central Bank of Nigeria (CBN). The operatives of the secret police took custody of Emefiele after a physical fight with officials of the Nigerian Correctional Service (NCoS). TheCable had earlier reported that the DSS operatives had a […]