TheCable News

The naira, on Tuesday, appreciated by 6.58 percent to close at N742.93/$ at the investors and exporters (I&E) window. The improving fortune of the naira comes two sessions after it tumbled to an all-time low of N803.9/$ last Friday. Data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading […]

Tobi Amusan, women’s 100m hurdles world record holder, has been charged by the Athletic Integrity Unit (AIU) for missing doping tests. In a post on her Instagram page in the early hours of Wednesday, Amusan said the AIU claimed she violated its rule by “missing three tests in 12 months”. According to […]

The three tiers of government are set to share N1.959 trillion in July 2023 — probably a record, TheCable can report. This is nearly triple the N786.161 billion shared in June and more than triple the N655.93 billion in May.  Allocations are usually shared from the preceding month’s revenue — meaning June […]

Former President Goodluck Jonathan says he will be visiting Aso Villa frequently now that Nigeria chairs the Economic Community of West African States (ECOWAS). On July 9, President Bola Tinubu was elected chairman at the 63rd ordinary session of the ECOWAS Authority of Heads of State and Government in Bissau, the capital city […]

The federal high court in Abuja has refused to extend its interim order restraining the Independent National Electoral Commission (INEC) from prosecuting Hudu Yunusa-Ari, suspended Adamawa state resident electoral commissioner (REC). Yunusa-Ari had stirred controversy when he declared Aisha Binani Dahiru of the All Progressives Congress (APC) as the winner of the Adamawa […]

Sonny Echono, executive secretary of the Tertiary Education Trust Fund (TETFund), says over 137 scholars sponsored abroad by the fund have absconded. Echono spoke on Tuesday when he appeared before the house of representatives ad hoc committee investigating the alleged “abuse” of N2.3 trillion tertiary education tax by TETFund. The executive secretary […]

President Bola Tinubu says West African leaders are ready to end terrorism and insecurity in the region. Tinubu, who doubles as the chairman of ECOWAS authority of heads of state and government, spoke on Tuesday after a meeting with Presidents of the Republic of Benin – Patrice Talon; Guinea-Bissau — Umaru Sissoco Embalo, […]

President Bola Tinubu has ordered the immediate review of the proposed N8,000 conditional cash transfer to Nigerians, meant to cushion the effect of the petrol subsidy removal.  The president had asked the national assembly to approve a $800 million loan to ameliorate the hardship induced by the removal of subsidy on petrol. […]

A prosecution witness of the Economic and Financial Crimes Commission (EFCC) admitted before a federal high court in Abuja on Tuesday that a loan taken by Mohammed Bello Adoke from Unity Bank is also being classified as a bribe by the anti-graft agency in a case before another court. Adoke, former attorney-general of […]