General

The Nigerian National Petroleum Company (NNPC) Limited says it has taken over Addax Petroleum’s production sharing contract (PSC) assets. Addax is owned by Sinopec, a state-owned Chinese firm. Mele Kyari, group chief executive officer (GCEO), NNPC Limited, GCEO; and Yonghong Chen, outgoing managing director (MD), Addax, signed the closing documents on behalf […]

The Independent National Electoral Commission (INEC) says its logistics for the forthcoming elections may be affected by the scarcity of petrol. Speaking on Tuesday at a consultative meeting with the National Union of Road Transport Workers (NURTW), Mahmood Yakubu, INEC chairman, said the issue of logistics has been a perennial problem in election […]

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the bank will continue to accept old naira notes after the stipulated deadline. Emefiele spoke on Tuesday when he appeared at an interactive session with the house of representatives ad hoc committee on the currency redesign and naira swap policy. He […]

The death toll from the Pakistan mosque explosion has risen to 88. TheCable had reported on Monday how a bomb blast in Peshawar city, Pakistan, killed at least 59 people and left about 157 injured. The explosion appeared to target security operatives as the mosque is within an area housing a police […]

An explosion in a mosque in Peshawar city, Pakistan, has killed at least 59 people and left about 157 injured. Reports on Monday showed that the explosion appeared to target security operatives as the mosque is within an area also housing a police headquarters area. According to Dawn, local news site, police […]

A convoy involving President Muhammadu Buhari was alleged to have been attacked in Kano state on Monday. There were varying versions of what reportedly happened in Hotoro area of Kano state, with several persons said to have hurled stones at the president’s convoy. There were also videos that went viral on Monday […]

Alhassan Doguwa, the majority leader of the house of representatives, says he has reason to suspect that President Muhammadu Buhari was “misled” into agreeing to the naira redesign policy of the Central Bank of Nigeria (CBN). Doguwa, in an interview with Channels Television on Monday, said the reasons given for the policy at […]

The Economic and Financial Crimes Commission (EFCC) says it has arrested members of a syndicate who are hoarding and trading the redesigned naira notes in Abuja. Wilson Uwujaren, the EFCC spokesperson, in a statement on Monday, said the suspects were arrested around zone 4 and Dei Dei axis of the federal capital territory […]

President Muhammadu Buhari has urged Nigerians to appreciate what they have as the situation in the country is not dire when compared with other countries. Speaking on Monday at a state banquet in Kano to conclude his visit to the state, the president said Nigerians do not appreciate their country until they visit […]