TheCable News

A federal high court in Abuja has ordered the arrest and investigation of Ibrahim Mohammed, a prosecution lawyer in a suit filed against Stella Oduah, former minister of aviation. The federal government had preferred an eight-count charge against Oduah. The suit marked FHC/ABJ/CR/275/23 was filed before a federal high court in Abuja […]

The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the directive that banks should collect and verify the social media handles of customers. The lower legislative passed the motion during the plenary session on Tuesday following the adoption of a motion sponsored by nine lawmakers. In the […]

The Ondo government says Rotimi Akeredolu, governor of the state, is not incapacitated and will return to duty soon. The clarification came after Abdullahi Adamu, national chairman of the All Progressives Congress (APC), on Monday said Akeredolu is hospitalised and in a state of “extreme incapacity”. Adamu said this when he met with […]

Godswill Akpabio, president of the senate, has appointed some senators to chair special committees in the upper legislative chamber. Akpabio also named a chairman of one of the standing committees during an announcement on the floor of the senate on Tuesday. The composition of the committees is in line with order 96 […]

For the first time in our history, the Central Bank of Nigeria (CBN) reported that the British Pound crossed the N1,000 mark. Precisely, one British pound was traded at approximately N1,009 on Friday. Some see this as the success of President Bola Tinubu’s naira float policy. This group of people argue that the CBN […]

The federal government, on Monday, arraigned Ladi Adebutu, the Peoples Democratic Party (PDP) governorship candidate in Ogun in the 2023 elections, over alleged vote buying. Adebutu was arraigned at the Ogun state high court alongside nine others. Yemi Sanusi, chairperson of the All Progressives Congress (APC) in Ogun, had petitioned the inspector-general, […]

Agora Policy, an Abuja-based think tank, has highlighted ways the Central Bank of Nigeria (CBN) can tame the country’s rising inflation.  The think tank — founded by Waziri Adio, former executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) — made the recommendations in its latest report on Monday.  The consumer price index […]

The Nigerian National Petroleum Company (NNPC) Limited says the 800,000-litre vessel intercepted on the coastline of Ondo state was Cameroon-bound.  Garba Deen Muhammad, NNPC Ltd spokesperson, announced the development in a statement on Monday. TheCable had reported that the joint military task force had intercepted a vessel laden with 150,000 tonnes of […]

Aviation workers, under the aegis of the National Union of Air Transport Employees (NUATE), have called on the “owners” of Arik Air to cooperate with its receiver-manager appointed by the Asset Management Corporation of Nigeria (AMCON). This is contained in a statement issued by Ocheme Aba, general secretary, NUATE. The airline was […]