TheCable News

The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country.  This is coming 25 months after Godwin Emefiele, the suspended CBN governor, announced the discontinuance of foreign exchange sales to that segment of the forex market. “The […]

President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI). In a statement on Friday, Ajuri Ngelale, special adviser to the president on media and publicity, said the initiative would ease the impact of the petrol subsidy removal on Nigerians by reducing energy costs. The special adviser […]

Doyin Okupe, a former presidential aide, says President Bola Tinubu has shown “much determination and courage” as the leader of the country. Okupe, who said the president had taken two “extraordinary” steps since his assumption of office on May 29, advised him to take “bolder steps”. “President Bola Tinubu actually hit the […]

The World Health Organisation (WHO) says it is closely monitoring BA.2.86, a new variant of COVID-19, detected in Israel, Denmark and the United States. In a bulletin on Thursday, the WHO said is it classifying the new version of the various as a variant under monitoring (VUM) due to the large number of […]

The Financial Services Regulation and Coordinating Committee (FSRCC) and the National Broadcasting Commission (NBC) have asked the public to report illegal financial operators (IFOs) to law enforcement agencies. The announcement was contained in an advisory issued on Thursday. Established by the Central Bank of Nigeria (CBN) in 1994, FSRCC is an inter-agency […]

Atedo Peterside, founder of Stanbic IBTC Bank Plc and Anap Foundation, says the “All Eyes On The Judiciary” slogan recently seen on billboards across the country is far from being offensive. The Advertising Regulatory Council of Nigeria (ARCON) had ordered the removal of billboards with the messaging as sponsored by a group known […]

The relief aid given to the states by the federal government to cushion the effects of the removal of the petrol subsidy is a loan, TheCable can report. Earlier, the federal government announced a N5 billion relief package for each state of the federation, including the federal capital territory (FCT). Babagana Zulum, […]