TheCable News

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Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has spoken on his plans to stabilise the country’s foreign exchange (FX) market and slow inflation. Cardoso spoke on Tuesday when he and four CBN deputy governor nominees were screened by the senate. Nigeria’s FX market has been experiencing high levels of […]

Senate President Godswill Akpabio says Godwin Emefiele, immediate former governor of the Central Bank of Nigeria (CBN), tried to sabotage the conduct of the last general election with the introduction of the naira redesign policy. Akpabio spoke on the floor of the senate on Tuesday during the screening of Olayemi Cardoso, nominee for […]

The senate on Tuesday confirmed Olayemi Cardoso as the substantive governor of the Central Bank of Nigeria (CBN). The upper legislative chamber also confirmed Emem Nnana Usoro, Muhammad Sani Abdullahi Dattijo, Philip Ikeazor and Bala Bello, as deputy governors of the apex bank. The nominees were screened after they spoke about their […]

Tajudeen Abbas, speaker of the house of representatives, has declared the seats of lawmakers appointed as ministers by President Bola Tinubu, vacant. Tunji Olubunmi-Ojo and Tanko Sununu were the two members of the green chamber appointed as ministers by Tinubu. Olubunmi-Ojo represented Akoko north-east/ Akoko north-west of Ondo state, while Sununu represented […]

Nigeria’s local currency, the naira, has set a new record, falling to its lowest against the dollar at the parallel market. Currency traders in Lagos, also known as Bureaux De Change operators (BDCs), quoted the naira at N1,000 to the greenback at the street market. The traders, on Tuesday, put the buying […]

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC ) have directed their members and affiliate bodies to start a mass action on October 3, as a protest against the state of the nation. The labour unions announced the decision in a communique issued at the end of virtual meetings of […]

Three students of the Nasarawa State Polytechnic have been left injured following an off-campus attack by gunmen.  Ramhan Nansel, spokesperson of the state police command, told TheCable on Tuesday that a fourth victim is still missing. Nansel said the command received a distress call concerning a robbery at Ombi 1 in Lafia […]

The Independent National Electoral Commission (INEC) has announced dates for the conduct of governorship elections in Edo and Ondo states. The tenure of the governors of Edo and Ondo will end on November 11, 2024, and February 23, 2025, respectively. In a statement on Monday signed by Sam Olumekun, national commissioner and […]