General

The Nigerian naira, on Monday, weakened to N871 per US dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N6 or 0.7 percent compared to the N865/$ it traded last week. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable […]

The Presidential steering committee on palliatives, comprising the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), and government representatives, is currently meeting at the chief of staff conference hall in Aso Rock, Abuja. The meeting comes amid threats of a nationwide strike by the NLC over the gruelling economic hardship that followed […]

Babajide Sanwo-Olu, governor of Lagos state, has announced a 50 percent reduction in the fares charged by  all state-owned transport services.  Speaking at a press briefing on Monday in Ikeja, Sanwo-Olu said the fares reduction would commence on August 2. The governor said the state government has agreed with transporters in the […]

The senate has resolved to meet with the leadership of the Nigeria Labour Congress (NLC) to shelve the impending strike on the petrol subsidy removal and continue negotiations with the federal government. On Wednesday, NLC issued a seven-day ultimatum to the federal government to reverse all “anti-poor” and “insensitive” policies. The labour body […]

Here are the seven top business stories you need to track this week — July 31 to August 4. NLC PROTEST The Nigeria Labour Congress (NLC), last week gave the federal government a seven-day ultimatum to reverse all “anti-poor” and “insensitive” policies. The policies, according to the union, include the recent […]

The Lagos state government says six animals in the state have been confirmed to have anthrax disease. Anthrax is an infection caused by the spore-forming bacteria, Bacillus anthracis. It typically affects ruminants such as cows, sheep, and goats. It is a zoonotic disease — transmissible from contaminated animals to humans. Humans […]

The Economic Community of West African States (ECOWAS) has announced a one-week ultimatum for coup plotters in Niger to hand over power to the democratically elected government. The decision was made following an extraordinary session of the ECOWAS member states on Sunday, presided over by President Bola Tinubu, its chairman, in Abuja. […]

President Bola Tinubu has appointed Jim Obazee, former chief executive officer of the Financial Reporting Council of Nigeria, as a special investigator. The special investigator to investigate the Central Bank of Nigeria (CBN) and related entities. In a letter seen by TheCable, dated July 28, 2023, the president said the appointment takes […]

The French embassy in Niger Republic has been attacked by protesters. TheCable had reported how Amadou Abdramane, a colonel-major, announced the removal of President Mohamed Bazoum from office in a late-night address on Wednesday. Abdramane dissolved the country’s constitution, suspended all institutions and closed the borders. In what appeared like a […]