TheCable News

The Central Bank of Nigeria (CBN) has introduced a foreign exchange (FX) price verification system (PVS) portal to enable importers to access forex. The CBN, in a statement on Thursday night, said a price verification report from the portal is now mandatory for all Form M requests, effective from August 31, 2023. […]

President Bola Tinubu says the challenges Nigerians are facing due to the removal of the petrol subsidy are for a better tomorrow. Tinubu spoke on Thursday at the public presentation of “Brutally Frank,” an autobiography of Edwin Clark, convener of the Pan-Niger Delta Forum (PANDEF). Represented by George Akume, secretary to the […]

The national economic council (NEC) says it has set up a five-man committee to negotiate with the leadership of labour unions in the country to resolve the crisis relating to the removal of the petrol subsidy. The NEC is made up of governors of the 36 states, the governor of the Central Bank […]

The Athletics Integrity Unity (AIU) has cleared Tobi Amusan of an anti-doping rule violation. AIU announced the decision in a statement on Thursday. The World Athletics body said Amusan’s suspension has been lifted with immediate effect. In July, AIU handed the Nigerian athlete a provisional suspension for allegedly “missing three tests in […]

Source: Top Stories

The federal government has announced a N5 billion palliative for each state of the federation, including the federal capital territory (FCT), to cushion the impact of the removal of the petrol subsidy. Babagana Zulum, governor of Borno state, made the announcement in Abuja on Thursday, when he spoke to State House correspondents at […]

Tajudeen Abbas, speaker of the house of representatives, has reshuffled some committee chairpersons after the ministerial appointment of Yusuf Sununu, lawmaker from Kebbi state. On Wednesday, President Bola Tinubu named Sununu as minister of state for education. On July 27, Abbas announced the names of lawmakers who will chair 134 standing committees […]

The Defence Headquarters (DHQ) says three officers and 22 soldiers were killed during the ambush and helicopter crash that occurred in Wushishi and Shiroro LGAs of Niger state. NAN reports that Edward Buba, director of defence media operation, disclosed this during a biweekly briefing on operations of the DHQ. On August 14, […]

Nigeria’s eurobonds fell for a second day on Wednesday, after the government ruled out any increment in the pump price of petrol despite the recent rise in global crude oil prices.  The country’s eurobonds recorded the worst performance in emerging markets on Wednesday, according to Bloomberg data. Specifically, notes due September 2033 […]

President Bola Tinubu says his administration is prepared to use education and technology to improve the lives of Nigerians. Tinubu spoke on Wednesday during a meeting with a delegation from Google West Africa led by Olumide Balogun, the director. Speaking with the team, the president said his administration takes education seriously, adding […]