TheCable News

Oyeyemi Kale, chief economist at KPMG Nigeria, says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1) of 2023, due to the naira redesign policy of the Central Bank of Nigeria. In a series of  tweets on Tuesday, Kale projected that the country’s GDP would reduce by about N10 trillion […]

Lawyers of the Labour Party (LP) and Peoples Democratic Party (PDP) have turned down a request by the lead counsel of the All Progressives Congress (APC) to jointly inspect election materials. The request was made during an administrative meeting at the INEC headquarters in Abuja on Tuesday. Representatives of the LP, PDP, […]

Nigerian banks have announced that international school fees and upkeep requests through Form A will now be processed within 120 days. The banks announced the development in emails recently sent to their customers and seen by TheCable. The development comes amid the lingering forex scarcity in the country. Form A is […]

The International Air Transport Association (IATA) says foreign airlines’ revenue blocked from repatriation by the Nigerian government has increased to $743 million from $662m in January 2023. The association disclosed this on Tuesday in a letter seen by TheCable. The letter was addressed to Hadi Sirika, minister of aviation, and signed by […]

The federal government says 12,988,978 cyberattacks were recorded during the presidential and national assembly elections.  The elections were held on February 25, while the final results were announced on March 1, 2023. President  Muhammadu Buhari had set up a committee to protect the cyberspace and information communication technology (ICT) infrastructure during the […]

The Independent National Electoral Commission (INEC) says political parties should prevail on their supporters to refrain from acts of violence during the governorship and state assembly polls. Mahmood Yakubu, INEC chairman, spoke on Tuesday during a meeting of the inter-agency consultative committee on election security. The INEC chairman thanked security agencies for […]

China says it will resume issuing visas to foreign tourists since closing its borders at the onset of the COVID-19 pandemic three years ago. The announcement comes after the country said it had defeated the virus and is in the last stage of ending its three-year zero-COVID policy. In December 2022, China’s […]

Chukwudi Ogbonna, the Accord Party (AP) candidate for Ogba/Egbema/Ndoni state constituency for Rivers state assembly, has been abducted by gunmen. Ifeaka Nwakiri, a relative of the politician, confirmed the abduction to TheCable on Tuesday morning. TheCable understands that Ogbonna was kidnapped on Monday at Rumuigbo, near Port Harcourt, the Rivers state capital. […]

The Peoples Democratic Party (PDP) in Gombe has accused Inuwa Yahaya, the governor, of planning to rig the forthcoming elections in the state. At a press conference on Tuesday, Ayuba Aluke, spokesperson of the PDP campaign in the state, alleged that Yahaya has perfected plans to compromise the elections. Aluke said the […]