TheCable News

The United Kingdom (UK) says it will reintroduce tax-free shopping for overseas visitors to boost the country’s retail sector. Kwasi Kwarteng, UK finance minister and chancellor of the Exchequer, said this on Friday during the presentation of a mini-budget to the parliament.  The previous tax-free shopping scheme was abolished at the end […]

The Bola Tinubu Campaign Organisation has described Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), as “divider-in-chief”. The PDP has been in turmoil since Atiku was elected as the standard bearer of the major opposition party. The rift deepened after Nyesom Wike, governor of Rivers state, was overlooked by Atiku […]

Oil prices fell on Friday amid demand fears fuelled by rising interest rates and a stronger dollar.  Brent crude, global oil benchmark, fell 3.10 percent to $87.81 a barrel at 12.37 GMT+1 — first time since January 2022 US West Texas Intermediate also fell over 3 percent to $80.64 a barrel.  […]

Nyesom Wike, governor of Rivers, says Iyorchia Ayu, national chairman of the Peoples Democratic Party (PDP), received N1 billion from one of the presidential hopefuls in the party. The governor made the allegation during a media chat on Friday. He said Ayu is corrupt, and that the chairman cannot deny that he […]

Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation Limited, has called on the international community to join Nigeria in its battle against oil theft. Speaking at the Nigeria International Economic Partnership Forum in New York on Thursday, Kyari said investors should treat any Nigerian oil from unofficial channels the […]

Zainab Ahmed, minister of finance, says she does not agree with those who say Nigeria has a debt problem, stating that the country only has a revenue problem.  Speaking at the Nigeria International Economic Partnership Forum in New York, Ahmed said Nigeria has set a debt-to-GDP ceiling at 40 percent, which the country […]

Access to Instagram and WhatsApp have been restricted in Iran following escalating “anti-hijab” protests which have now entered the sixth day. The protests were sparked by the death of Mahsa Amini, who was said to have been arrested on September 13 for not wearing a proper hijab. According to the BBC, the […]

Nyesom Wike, governor of Rivers, says the current happenings in the Peoples Democratic Party (PDP) will not make him leave the party. He said this on Thursday during a meeting with PDP stakeholders in Rivers state. Wike’s comment is the latest in the crisis rocking the party over the call for Iyorchia […]

Aminu Tambuwal, governor of Sokoto, is now the interim chairman of the Nigeria Governors’ Forum (NGF). The development was announced on Thursday at the meeting of the national economic council (NEC), which held at the Aso Rock villa in Abuja. Tambuwal takes over from Kayode Fayemi, governor of Ekiti, who has served […]