TheCable News

A new Canadian law has banned foreigners from buying homes in the country for two years. The law, which took effect on January 1, was passed because of a spike in home prices in Canada since the start of the COVID pandemic. There are also beliefs that foreign buyers were snapping up a […]

The scarcity of premium motor spirit (PMS), also known as petrol, may worsen following a claim by tanker drivers that security agents destroyed products they had lifted from refineries. Lucky Osesua, chairman of petroleum tanker drivers (PTD), a branch of the National Union of Petroleum and Natural Gas Workers (NUPENG), spoke at a […]

Afe Babalola, senior advocate of Nigeria (SAN), says the 1999 constitution will not guarantee the emergence of credible leaders at the 2023 polls. According to NAN, Babalola spoke on Wednesday at a media briefing in Ado-Ekiti, the Ekiti capital. He was reacting to the endorsement of Peter Obi, presidential candidate of the […]

Chris Ngige, minister of labour and employment, says he will not campaign for any candidate in the 2023 presidential election. Speaking with journalists on Wednesday in his country home in Alor, Anambra state, Ngige described the four major contenders as his friends. “The four frontrunners are good candidates with cognate experience in […]

A federal capital territory (FCT) high court in Garki has dismissed allegations of false asset declaration against Mahmood Yakubu, chairperson of the Independent National Electoral Commission (INEC). The court also barred the Department of State Services (DSS), the police, and Code of Conduct Bureau (CCB) from investigating Yakubu over his asset declaration. […]

The Economic and Financial Crimes Commission (EFCC) says it secured its highest-ever number of convictions within one year in 2022. Wilson Uwujaren, the agency’s spokesperson, in a statement on Wednesday, said 3,785 convictions were secured in 2022. The latest record of the number of convictions by the agency surpassed the convictions secured […]

Zainab Ahmed, minister of finance, budget and national planning, says the federal government spent a total of N5.24 trillion on debt servicing between January and November 2022, out of its N6.5 trillion retained revenue for the same period. Ahmed said this in Abuja on Wednesday during the public presentation and breakdown of the […]

The Department of State Services (DSS) says it has arrested two suspected masterminds — including a commander in the Islamic State in West Africa Province (ISWAP) — over the recent explosion in Kogi. According to a statement issued on Wednesday by Peter Afunanya, the DSS spokesperson, the suspects were identified as Abdulmumin Ibrahim […]

The naira, Nigeria’s currency, has maintained stability against the U.S dollar at the parallel market for the past week. Bureau De Change operators (BDCs) across forex markets in Lagos quoted the naira at N740 to a dollar on Wednesday. Checks by TheCable showed that N740 is the same rate the naira traded […]