TheCable News

Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), has dismissed the endorsement of Peter Obi by former President Olusegun Obasanjo. On Sunday, the former president formally announced his support for Obi, the presidential candidate of the Labour Party (LP). Speaking on Thursday at a rally in Benin, the Edo […]

Olisa Agbakoba, a senior advocate of Nigeria (SAN), says the work done by the Economic and Financial Crimes Commission (EFCC) should be carried out by the police special fraud unit. Agbakoba said this on Thursday during a media briefing in Lagos state. BACKGROUND Over the past weeks, EFCC and Agbakoba have […]

With the 2023 elections in view, former President Olusegun Obasanjo has endorsed Peter Obi, standard bearer of the Labour Party (LP) – a move that has stirred up heated debates. In his New Year message to Nigerians, Obasanjo said the country has a “unique opportunity” to correct itself in the forthcoming elections. […]

The Nigerian National Petroleum Company (NNPC) Limited says it did not export 17.877 million barrels of crude oil without proper documentation from 2016 to 2020. A report, quoting the former auditor-general of the federation (AuGF), had accused some exporters of shipping crude oil without completing the required Nigeria export proceeds (NXP) forms. […]

“Nigeria is a rich country with a booming population of over 200 million people. While this richness is an advantage, the country’s human development has, however, been severely impacted by multidimensional poverty” — Clem Ikanade Agba (2022) The above statement is the first sentence of the National Multidimensional Poverty Index (2022) report’s […]

Not less than 18 persons were burnt beyond recognition on Wednesday in an auto crash in Narbodo village, Toro LGA of Bauchi state. Yusuf Abdullahi, the sector commander, Federal Road Safety Corps (FRSC), shared details of the incident in a road traffic report made available to NAN on Thursday. Abdullahi said the […]

Pat Utomi, professor of political economy, says the 2023 budget will lead to massive inflation and loss of jobs in the country. Utomi said this on Wednesday while speaking on Politics Today, a Channels Television programme. The Labour Party (LP) chieftain said if care is not taken, the exchange rate may go […]

The Central Bank of Nigeria (CBN) says the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL), the new core investor, followed due process. An online report had claimed that the CBN failed to sell the bank to Fairview Acquisition Partners (FAP), which offered a higher purchase price of N1.2 trillion. […]