TheCable News

Femi Falana, a senior advocate of Nigeria (SAN), says votes cast in any election in the country belong to the political parties, not candidates. On March 8, Inyang Ekwo, the presiding judge at a federal high court in Abuja, sacked David Umahi, governor of Ebonyi, and Eric Igwe, his deputy, over their defection […]

The Central Bank of Nigeria (CBN) has introduced cash collection centres called Bank Neutral Cash Hubs (BNCH), to be established by registered processing companies or deposit money banks (DMBs) based on business needs. The apex said this in the guidelines for the registration and operation of BNCH in Nigeria, released on Monday and […]

Gunmen, on Tuesday, killed seven security operatives, including a divisional police officer (DPO), in Niger state. Bala Kuryas, Niger commissioner of police, confirmed the incident to NAN. According to Kuryas, the gunmen invaded Nasco, headquarters of Magama LGA, on motorcycles and killed seven people, including three police officers and four vigilante operatives. […]

The National Primary Health Care Development Agency (NPHCDA) says Nigeria has recorded 1,060 cases of the circulating vaccine-derived polio virus type two (cVPV2) in two years. Faisal Shuaib, executive director of NPHCDA, said this on Monday during the 38th expert review committee meeting on polio and routine immunisation. In communities with low […]

The federal government says it will use $2.2 billion of the fund raised via eurobond to cater for petrol under-recovery costs. The government said it would also target more local borrowing in 2022 to fund subsidy payments. In September 2021, Nigeria raised $4 billion through eurobond issuance. Subsidy or under-recovery is the underpriced […]

JP Morgan Chase Bank (JPMC) says it sought and got the approval of UK anti-fraud agencies before transferring funds to Malabu Oil & Gas Ltd from the sale of OPL 245 to Shell and ENI in 2011. The bank, in its opening submissions for trial at the Business and Property Courts of England […]

Iyorchia Ayu, national chairman of the Peoples Democratic Party (PDP), says the opposition party is “back to winning ways”. Speaking on Monday night at the national caucus meeting of the party held in Abuja, Ayu said since it came on board, the national working committee (NWC) headed by him has tackled the challenges […]

Nigeria on Monday recorded 12 new cases of COVID-19. Here are five updates about the pandemic this Tuesday.  COVID: South Korea to vaccinate children aged 5-11 South Korea says it will administer COVID-19 vaccine on children aged five to 11 to curtail the spread of the Omicron variant. The country’s ministry of […]

Hope Uzodimma, governor of Imo, says it will amount to “ingratitude” for people from the south-east to say President Muhammadu Buhari neglected the region. Uzodimma said only the Buhari-led administration fulfilled the promise of completing the second Niger bridge. On March 8, Babatunde Fashola, minister of works and housing, said the second […]