TheCable News

Biodun Olujimi, senator representing Ekiti south, has pulled out of the Peoples Democratic Party (PDP) primary election in Ekiti state. Olujimi, who was one of the top contenders in the race, said she was disenfranchised by the party. She said: “I came to drop my letter that I was pulling out of […]

The All Progressives Congress (APC) has not zoned its presidential ticket and national working committee (NWC) offices to any region or zones, Mai Mala Buni, national chairman of the party’s caretaker committee, has said. On Tuesday night, a list was circulated on social media which suggested that the APC had zoned its presidential […]

Rochas Okorocha, senator representing Imo west, has declared his intention to run for president in the 2023 general election. Okorocha’s intention was stated in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Wednesday. The former governor of Imo state said he would formally […]

The presidency has asked Samuel Ortom, governor of Benue, not to blame President Muhammadu Buhari for the challenges experienced in the state. In a recent interview with Arise Television, Ortom had said the All Progressive Congress (APC) has ruined Nigeria and that citizens regret voting Buhari into power. On the allegations of […]

Ado Doguwa, the majority leader of the house of representatives, has welcomed his 28th child. Doguwa disclosed this while speaking on the floor of the house during plenary session on Tuesday. Ndudi Elumelu, minority leader of the house, had congratulated Doguwa on the birth of his child. Responding, Doguwa said: “This […]

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigerians should beware of illegal money lenders, known as loan sharks. Emefiele said this on Tuesday at the end monetary policy committee meeting in Abuja.  Loan sharks offer loans at extremely high rate returns, strict terms of collection upon failure, and […]

The International Monetary Fund (IMF) has reaffirmed a growth rate of 2.7 percent for Nigeria in 2022. This growth projection is 0.1 percent higher than the 2.6 percent IMF’s forecast in October 2021. IMF disclosed this in its latest World Economic Outlook (WEO) report released on Tuesday. It also raised the […]

The Nigeria Labour Congress (NLC) has suspended its planned nationwide protest over petrol subsidy removal. The protests had been scheduled to hold on January 27 and February 2. Ayuba Wabba, NLC president, announced this to journalists on Tuesday in Abuja. He said the union decided at its national executive council meeting […]

President Muhammadu Buhari has directed all security institutions to leverage the 5G technology, when deployed, to enhance security in the country. He spoke on Tuesday in Abuja while launching the national policy on 5G for Nigeria’s digital economy. According to a statement by Femi Adesina, presidential spokesman, Buhari said the federal government […]

The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The monetary policy rate (MPR) is the baseline interest rate in an economy, every other interest rate used within an economy is built on the MPR. […]