TheCable News

Oil price, on Thursday, rose to $83 a barrel. Brent crude, the global oil benchmark, rose 0.75 percent to trade at $83 a barrel, while the US West Texas Intermediate jumped 0.86 percent to $79.  The development came on the back of expected tightening of supply due to production cuts by the […]

Niger soldiers have announced the removal of President Mohamed Bazoum from office. Amadou Abdramane, a colonel-major, made the announcement in a televised address late Wednesday evening. “We, the defence and security forces… have decided to put an end to the regime of President Bazoum,” Abdramane said while being flanked by fellow soldiers. […]

Nyesom Wike, former governor of Rivers, Gboyega Oyetola, immediate past governor of Osun, and Nasir el-Rufai, immediate past governor of Kaduna have been reportedly included in the ministerial list of President Bola Tinubu. The Nation reports that the list was sent to Godswill Akpabio, the senate president, this morning. Meanwhile, TheCable also […]

Recently, Babrican Capital Limited, an affiliate of Honeywell Group Limited (HGL), acquired 4.7 billion shares of FBN Holdings Plc (FBNH), the parent company of First Bank of Nigeria. Oba Otudeko is the chairman of Honeywell Group and former chairman of FBN Holdings. According to a notice filed on the Nigerian Exchange Limited, […]

The federal government has reacted to the seven-day ultimatum issued by the Nigeria Labour Congress (NLC) to embark on a nationwide strike over the hike in the price of petrol and the high cost of living in the country. On Wednesday, NLC issued a seven-day ultimatum to the federal government to reverse all […]

Some commissioners of the Federal Character Commission (FCC) have accused Muheeba Dankaka, the executive chairperson, of highhandedness and job racketeering. The commissioners made the allegations on Wednesday when they appeared before the house of representatives ad hoc committee investigating ministries, departments, agencies (MDAs), parastatals, and tertiary institutions on personal recruitment, employment racketeering, and […]

The senate on Wednesday rejected a request for the release of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB). The senate resolution followed the consideration and adoption of a motion sponsored by Osita Izunaso, All Progressives Congress (APC) senator representing Imo. The motion was titled “Condemning the disruptive nature […]

The naira, Nigeria’s legal tender, closed at N740.08 per dollar at the investors and exporters (I&E) window on Wednesday. The I&E foreign exchange (FX) window is the market trading segment for investors, exporters and end-users that allows for FX trades to be made at exchange rates determined based on prevailing market circumstances. It […]

Salihu Lukman, vice-chairman of the All Progressives Congress (APC) in the north-west, has resigned from his position as a member of the national working Committee (NWC) of the party. Lukman announced his resignation in a letter dated July 26, addressed to Abubakar Kyari, acting national chairman of the APC. However, Lukman said […]

The Economic Community of West African States (ECOWAS) has deployed Beninese President Patrice Talon to the Niger Republic over the unfolding tension in the country. On Wednesday morning, a heavy military presence was reported at the presidential palace in Niamey, Niger’s capital city. President Mohamed Bazoum was said to be held hostage […]