TheCable News

The Central Bank of Nigeria (CBN) has removed the old naira-to-dollar rate from its website, quoting new rates from the investors and exporters (I&E) window. As of June 15, 2023, the bank quoted N632.77 per dollar from the I&E window, stating this as the rate “as at Wednesday, June 14, 2023”. According […]

Tajudeen Abbas, speaker of the house of representatives, says President Bola Tinubu’s administration needs to prioritise political stability to achieve desired development in the country. Abbas spoke on Thursday at a lecture organised by the National Institute of Democratic and Legislative Studies (NILDS) to mark the 2023 Democracy Day. Abbas, who was represented by […]

The Nigerian Air Force (NAF) has again denied allegations that the airstrike on January 24 in Kwateri community, Nasarawa state, struck civilians.  Ayodele Famuyiwa, NAF’s director of public relations and information, on Thursday, said any organisation or individual with evidence to prove that those killed in the airstrike were not terrorists, should come forward. […]

The Nigerian naira traded as high as 790 to the dollar at the investors and exporters (I&E) window on Thursday — about 24 hours after the float of the local currency. However, the naira appreciated after hitting a record low at the FMDQ trading platform to close at 702 to the dollar. […]

Aliko Dangote and Abdulsamad Rabiu, Nigerian billionaires listed among the 500 richest men in the world, have lost $5.85 billion, according to the Bloomberg Billionaire Index (BBI). The BBI is a daily ranking of the world’s richest people. It provides details on the calculations of net worth analysis on each billionaire’s profile page. […]

Inyang Ekwo, presiding judge of a federal high court in Abuja, has ordered the Economic and Financial Crimes Commission (EFCC) to arrest some persons over “threat” to his life.  The judge said the individuals had sent text messages to his phone advising him against the trial of Stella Oduah, former aviation minister, and […]

Mahmood Yakubu, INEC chairman, has honoured a subpoena served on him by the Peoples Democratic Party (PDP) and its presidential candidate, Atiku Abubakar. Atiku and the PDP had subpoenaed the INEC chairman to tender some sensitive documents before the presidential election petition court. At the court session on Thursday, Chris Uche, the […]

Abdulkarim Chukkol, the director of operations at the Economic and Financial Crimes Commission (EFCC), has assumed duty as the acting chairman of the anti-graft agency. On Wednesday, President Bola Tinubu suspended Abdulrasheed Bawa as EFCC chairman and ordered a probe into his activities while in office. The suspension was announced in a […]

The Labour Party (LP) tendered 18,088 blurred polling units results of the presidential election before the tribunal on Thursday. Peter Obi, presidential candidate of the LP and the party, had challenged the process of the election in which the Independent National Electoral Commission (INEC) announced President Bola Tinubu as winner. Respondents in […]