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 ...
Amid tightening monetary policy stance and global volatility considerations, the federal government raked in N312.56 billion through the August FGN bond auction held by the Debt Management Office (DMO) Monday. Four instruments were offered to investors at the auction (14.55% FGN APR 2029, 14.70% FGN JUN 2033, 15.45% FGN JUN ...
The court of appeal in Edo state has affirmed Julius Abure as the national chairman of the Labour Party (LP). Delivering judgment in the appeal marked CA/B/93/2023 and filed by Lucky Shaibu, a chieftain of the party, the appellate court presided over by three justices, unanimously upheld the decision of ...
The First Lady, Sen. Oluremi Tinubu, on Friday in the presidential villa, Abuja, received Rebecca Kabu, one of the 277 Chibok schoolgirls who were kidnapped by Boko Haram in 2014. The first lady, in company of the Wife of the Vice President, Hajia Nana Shettima, promised to ensure that Rebecca ...
The Defence Headquarters says Nigerian have, in the last one week, neutralised 38 terrorists, apprehended 242 others and rescued 89 kidnapped hostages in different operations across the country. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, made this known in a statement on Friday in Abuja. Buba said the ...
The chairmen of New Nigeria People’s Party (NNPP) have rejected the recent dissolution of the party’s executives in seven states by the National Working Committee (NWC). The aggrieved chairmen on Thursday described the dissolution as “gross abuse of power” and”unacceptable.”. The News Agency of Nigeria (NAN) reports that the NNPP’s ...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the federal government to ban binance operation in the country. Aminu Gwadabe, ABCON president, stated this in an interview on Tuesday in Lagos. Binance is an online exchange where users can trade cryptocurrencies. It supports hundreds of the ...
Maryam Muhammad, the executive director of national veterinary research institute (NVRI), on Wednesday, warned farmers and veterinary doctors against fake anthrax vaccines in the livestock market. Ms Muhammad gave the warning at the consultative meeting of stakeholders with the federal department of veterinary and pest control service on the prevention ...
The Nigerian Army has assured the country’s medical doctors living abroad but willing to return home that it is ready to employ them in its hospitals nationwide. The Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja, said this when he received in his office in Abuja, Abike Dabiri-Erewa, the chairwoman of ...
President Bola Tinubu says a comprehensive forensic audit of the Central Bank of Nigeria (CBN) is underway, while a thorough overhaul of the civil service payroll is imminent. The president disclosed this during an audience with the President of the World Bank, Mr Ajay Banga, on Friday at the Presidential ...
