Nigeria’s eurobonds fall as FG rules out petrol price increase
Nigeria’s eurobonds fell for a second day on Wednesday, after the government ruled out any increment in the pump price of petrol despite the recent rise in global crude oil prices. The country’s eurobonds recorded the worst performance in emerging markets on Wednesday, according to Bloomberg data. Specifically, notes due September 2033 […]
‘Our youths are brilliant’ — Tinubu seeks partnership with Google on digital economy
President Bola Tinubu says his administration is prepared to use education and technology to improve the lives of Nigerians. Tinubu spoke on Wednesday during a meeting with a delegation from Google West Africa led by Olumide Balogun, the director. Speaking with the team, the president said his administration takes education seriously, adding […]
ECOWAS begins ‘activation’ of standby force in Niger Republic
The Economic Community of West African States (ECOWAS) says it has begun the activation of its standby force in Niger Republic to restore constitutional order. ECOWAS said this after a meeting of the bloc’s defence chiefs in Accra, Ghana’s capital city, on Wednesday. Although the defence chiefs had backed the calls for […]
Transcorp-led consortium acquires 60% stake in Abuja DisCo
A consortium led by Transcorp Power Limited has acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC). Following the acquisition, Christopher Ezeafulukwe has been appointed as managing director/chief executive officer (MD/CEO) of AEDC. TheCable understands that Ezeafulukwe, who is currently the MD/CEO of Transcorp Power Limited, will play a […]
Shettima presides over NEC meeting at presidential villa
Vice-President Kashim Shettima is currently presiding over the National Economic Council (NEC) meeting at the presidential villa. This is the third NEC meeting of President Bola Tinubu administration. The meeting comes amid spiralling inflation and hardship caused by the economic policies of the federal government. The council consists of the 36 […]
PHOTOS: Tinubu receives Bosun Tijani at Aso Villa
President Bola Tinubu has just finished a meeting with Bosun Tijani, the new minister of communications, innovation and digital economy, at the presidential villa, Abuja. Tijani, co-founder of CcHub, was among the new ministers assigned portfolios by the president on Wednesday. See some photos from their meeting below. […]
Tinubu to swear in new ministers Monday
President Bola Tinubu will on Monday swear in the new ministers who have just been assigned portfolios. According to a statement by the office of the secretary to the government of the federation (SGF), the ceremony will take place in the conference room of the State House at 10 am. William Bassey, […]
FULL LIST: Tinubu appoints Wike FCT Minister, Keyamo, aviation
President Bola Tinubu has appointed Nyesom Wike, former governor of Rivers state, as the minister of the federal capital territory (FCT). Wike is the second southerner to head the FCT after Ajose Adeogun, the only person from the region, who was appointed in 1976. In a list released by Ajuri Ngelale, special […]
FULL LIST: 10 men, 8 women… Abdulrazaq unveils cabinet members in Kwara
Abdulrahman Abdulrazaq, governor of Kwara state, has unveiled his commissioner-nominees. In July, AbdulRazaq had sent a list of commissioner-nominees to the state house of assembly for confirmation. The governor’s list, which was read out on Monday by Yakubu Danladi-Salihu, speaker of the state house of assembly, had eight women and 10 men. […]
NNPC secures $3bn oil-for-cash loan to stabilise the naira
The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the crude-for-cash funding from the African Export-Import Bank (Afreximbank) headquarters in Cairo, Egypt. While the details are still sketchy, TheCable understands that the […]