TheCable News

Nigerian naira, on Wednesday, dropped to N589 against the dollar at the parallel market. The figure represents N1 or 0.2 per cent depreciation compared to the N588 it traded last two weeks. Currency traders known as Bureaux De Change operators (BDCs) told TheCable that the forex liquidity crisis still persists in the market despite low […]

Ahead of the 2023 elections, Atedo Peterside, the founder of Stanbic IBTC Bank Plc and president of the Anap Foundation, says he is supporting the Social Democratic Party (SDP). According to Peterside, he considered seven points before deciding to throw his weight behind the SDP. He listed the points to include the party manifesto […]

The Nigerian Communications Commission (NCC) says MTN Nigeria and Mafab Communications Limited are expected to commence the rollout of 5G services effective from August 24, 2022. Ikechukwu Adinde, NCC director of public affairs, disclosed this in a statement on Wednesday. In December 2021, after 11 rounds of bidding that lasted for eight […]

Oil prices rose on Wednesday ahead of the periodic meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies. Brent crude futures, the global oil benchmark, climbed 3.35 per cent to $108.25 a barrel at 10.20 GMT+1 — the first time since April 29. West Texas Intermediate crude futures also witnessed a […]

Victor Oshioke, media aide to Adams Oshiomhole, former national chairman of the All Progressives Congress (APC), says his principal will announce his intention to contest the presidency on Wednesday. In a statement issued on Tuesday, Oshioke said the former Edo governor will make an official declaration at 3pm at the Cyprian Ekwensi Centre for […]

Ali Ndume, senator representing Borno south district, says the northern region will benefit more if a southerner becomes president in 2023. With months to the 2023 elections, there have been calls for the next president to come from the south. The two major political parties in the country — Peoples Democratic Party (PDP) and […]

Kautukari, a community in Chibok LGA of Borno state, is currently under attack by suspected fighters of the Islamic State of West Africa Province (ISWAP).  A resident told TheCable that the insurgents invaded the community around 6pm on Tuesday and started shooting randomly. The suspected ISWAP fighters are reportedly setting houses ablaze […]

Leaders of the All Progressives Congress (APC) in the south-west will meet with presidential aspirants from the region on Friday in Lagos state, WesternPost is reporting. The meeting is said to be scheduled to hold at the Lagos government house. Bisi Akande, a former interim chairman of the APC, will reportedly preside […]