TheCable News

The Economic Community of West African States (ECOWAS) says it has begun the activation of its standby force in Niger Republic to restore constitutional order. ECOWAS said this after a meeting of the bloc’s defence chiefs in Accra, Ghana’s capital city, on Wednesday. Although the defence chiefs had backed the calls for […]

Vice-President Kashim Shettima is currently presiding over the National Economic Council (NEC) meeting at the presidential villa. This is the third NEC meeting of President Bola Tinubu administration. The meeting comes amid spiralling inflation and hardship caused by the economic policies of the federal government. The council consists of the 36 […]

President Bola Tinubu will on Monday swear in the new ministers who have just been assigned portfolios. According to a statement by the office of the secretary to the government of the federation (SGF), the ceremony will take place in the conference room of the State House at 10 am. William Bassey, […]

Abdulrahman Abdulrazaq, governor of Kwara state, has unveiled his commissioner-nominees. In July, AbdulRazaq had sent a list of commissioner-nominees to the state house of assembly for confirmation. The governor’s list, which was read out on Monday by Yakubu Danladi-Salihu, speaker of the state house of assembly, had eight women and 10 men. […]

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion emergency crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC Limited secured the crude-for-cash funding from the African Export-Import Bank (Afreximbank) headquarters in Cairo, Egypt. While the details are still sketchy, TheCable understands that the […]

The naira, Nigeria’s legal tender, is currently trading at N890 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents an appreciation of 60 or 6.3 percent from the N950 it traded last week. Speaking to TheCable on Wednesday afternoon, Bureaux De Change (BDC) operators in the […]

The federal capital territory (FCT) command of the National Drug Law Enforcement Agency (NDLEA) says it intercepted about 3,091.032 kg of “illicit drugs” between January and August.  Kabir Tsakuwa, NDLEA FCT commandant, disclosed this during an interview with NAN on Wednesday in Abuja. Tsakuwa said the drugs were worth over N56.9 million. […]