TheCable News

Bassey Albert, senator representing Akwa Ibom north-east, has resigned his membership of the Peoples Democratic Party (PDP). In a letter addressed to his ward chairman in Ibiono Ibom LGA, the legislator said his decision to leave the party followed “extensive” consultation with his supporters. According to him, his aspiration to become governor […]

The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 18.60 percent in June 2022, up from 17.71 percent in the previous month. This is the highest since January 2017. The National Bureau of Statistics (NBS) said this in its consumer price index […]

The Lagos state high court sitting at Osborne, Ikoyi, has ordered Imagine Global Holding Company Limited and its owners, Bamise and Elizabeth Ajetunmobi, to pay N18.9 billion to aggrieved investors. On Thursday, Toyin Oyekan-Abdullahi, the judge, gave a judgement in favour of the 27 claimants who filed the suit. Last year, the […]

Alliance for Democracy has asked its members to support the re-election bid of Gboyega Oyetola, governor of Osun state. Oyetola, candidate of the All Progressives Congress (APC), is seeking another four-year term in the governorship election scheduled to take place on Saturday. AD is among the political parties deregistered by the Independent […]

An industrial high court in Abuja has ordered the upward review of judges’ salaries. Sebastian Hon, senior advocate of Nigeria, filed the suit before the labour court to request that the pay of Nigerian judges be raised. The national assembly and the National Judicial Council had tried unsuccessfully to settle the dispute […]

The Debt Management Office (DMO) says Nigeria’s debt profile is prone to the volatility of oil prices and forex exchange risk. DMO said this in its 2021 national market access country (MAC) debt sustainability analysis (DSA) report, released on Thursday. According to the report, DMO said the country’s debt profile shows moderate […]

The Peoples Democratic Party (PDP), on Thursday, held a rally in Osun ahead of the governorship election in the state. The governorship election is scheduled to hold on July 16. The campaign was held in Osogbo, the capital of Osun, and the PDP asked residents to vote for Ademola Adeleke, the party’s […]

President Muhammadu Buhari says despite the recent security challenges, Nigeria remains one of the most hospitable countries in the world. Buhari said this on Thursday at the graduation ceremony of the senior course 44 of the armed forces command and staff college, Jaji, Kaduna. According to a statement by Garba Shehu, presidential […]