TheCable News

A high court in Kaduna has dismissed a defamation suit filed by Nasir el-Rufai, immediate past governor of the state, against Shehu Sani, a former senator representing Kaduna central. El-Rufai had sought N2 billion in damages over comments credited to the former lawmaker. In the suit filed in 2018, the former governor […]

In light of the current economic realities, the policy advisory council of President Bola Tinubu has asked the federal government to extend the validity of the old naira notes to December 31, 2024. The recommendation was made in a report, titled, ‘Policy Advisory Council Report: National Economy Sub-committee’. The council also suggested the […]

President Bola Tinubu has appointed Dele Alake as his special adviser on special duties, communications and strategy. Nuhu Ribadu, former chairman of the Economic and Financial Crimes Commission (EFCC), was named special adviser on security, while Wale Edun was appointed special adviser, monetary policies. Their appointment was announced on Thursday in […]

Tempers flared and words were exchanged between counsels of the Labour Party (LP) and the Independent National Electoral Commission (INEC) at the presidential election petition tribunal on Wednesday. Here are five highlights from the proceedings. LP ACCUSES INEC CHAIR OF EVADING SUBPOENA Livy Uzoukwu, lead counsel for the LP, told the […]

President Bola Tinubu said he was going to hit the ground running upon his assumption of office. Four bills signed in two weeks, among other economic reforms, point to the fact that he has done just that. In his inaugural address on May 29, Tinubu promised to improve on the achievements of his […]

The Department of State Security (DSS) has invited Abdulrasheed Bawa, the suspended chairman of the Economic and Financial Crimes Commission (EFCC). In a statement on Wednesday night, Peter Afunanya, spokesperson of the DSS, said Bawa arrived at the headquarters of the service a few hours ago. “The invitation relates to some investigative […]

The Central Bank of Nigeria (CBN) has announced the unification of all segments of the forex exchange (FX) market. In a circular on Wednesday, the apex bank said all FX windows are now collapsed into the investors & exporters (I&E) window. The CBN said the move is part of a series of […]

Edwin Clark, convener of the Pan-Niger Delta Forum (PANDEF), has alleged that Ifeanyi Okowa, former governor of Delta, misappropriated the state’s derivation fund amounting to N1.760 trillion. Clark said he had written to the Economic and Financial Crimes Commission (EFCC) over the involvement of Okowa in the floating of Premium Bank, which he […]