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The Debt Management Office (DMO) has successfully raised N669.94 billion in its January 2025 Federal Government of Nigeria (FGN) bond auction, with N606.46 billion allotted across three different bond tenors. According to the results posted by DMO on X (formerly Twitter), the allocations were distributed as follows: - 19.30% FGN APR 2029: N78.86 billion at 21.79% yield - 18.50% FGN FEB 2031: N159.29 billion at 22.5% yield - 22.60% FGN JAN 2035: N368.31 billion at 22.6% yield The auction, which initially targeted N450 billion, was oversubscribed with strong investor interest across all tenors. The funds raised are intended to support…
Nigerian telecommunications subscribers are taking legal action against the Nigerian Communications Commission (NCC) over its recent approval of a 50% increase in call and data tariffs, following failed attempts at negotiation. The National Association of Telecommunications Subscribers (NATCOMS), representing 157 million users, announced Tuesday its plans to file a lawsuit after the NCC failed to respond to their proposal to reduce the hike to 10%. The association had given the regulator a three-day window to reconsider its position. "Since we have not received any response, we are moving forward with the court process starting Wednesday," said NATCOMS President Adeolu Ogunbanjo.…
Activist Omoyele Sowore will be arraigned today (Wednesday) following charges brought against him by the Inspector General of Police (IGP), Kayode Egbetokun, over social media posts in which Sowore referred to Egbetokun as an “illegal IG.” The case is being heard before Justice Liman at the Federal High Court in Abuja. Sowore faces three counts under the Cybercrime (Prohibition, Prevention, etc.) Act, 2015, as amended in 2024. The charges stem from posts made on his verified X (formerly Twitter) account, where he allegedly described the IGP as “illegal IGP Kayode Egbetokun.” The police claim these statements were false and intended…
The Central Bank of Nigeria (CBN) has announced the waiver of the 2025 licence renewal fee for all Bureau De Change (BDC) operators. This decision was disclosed on Friday by Jonah Onojah, Director of the Financial Policy and Regulation Department, and takes immediate effect. In a statement, the CBN clarified that the waiver aligns with the newly introduced Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria, 2024, as well as the ongoing transition to a revised regulatory framework for BDCs. The statement read: “This is to inform all existing Bureau De Change operators that, in line with…
The United States has stopped issuing passports with the gender-neutral “X” option, the State Department announced, following an executive order from President Donald Trump that restricts federal recognition of transgender identity. This decision reverses a policy introduced under the previous administration of President Joe Biden, leaving many individuals uncertain about the status of their pending applications and already issued passports. Shortly after taking office on Monday, Trump signed an executive order mandating that federal agencies only recognize male or female gender markers. This move is part of a broader effort to swiftly overturn policies enacted by his predecessor. “In accordance…
Sunrise Power’s hopes of securing a $2.35 billion award against Nigeria in the arbitration proceedings at the International Chamber of Commerce (ICC) over the disputed Mambilla hydropower project were badly hit during ongoing hearings in Paris, France, TheCable understands. While Nigeria was defended by former presidents Olusegun Obasanjo and Muhammadu Buhari as well as former ministers Babatunde Fashola and Suleiman Adamu who testified as factual witnesses, those who had been listed as witnesses by Sunrise did not show up. The panel sittings started on Saturday, January 18, but the hearings from factual witnesses started on Monday, January 20, and ended…
The Federal Airports Authority of Nigeria (FAAN) has confirmed that 31 passengers and seven crew members sustained injuries following an emergency landing of a United Airlines flight at the Murtala Muhammed International Airport (MMIA) in Lagos. The incident occurred on Thursday when United Airlines flight UA613, a Boeing 787-8 aircraft, en route to Washington Dulles International Airport (IAD) from Lagos, made an emergency return and landed safely at 3:22am on Friday. According to a statement by Obiageli Orah, FAAN’s director of public affairs and consumer protection, the flight carried 245 passengers, along with eight cabin crew members and three pilots.…
Union Bank has started implementing new point-of-sale (PoS) withdrawal restrictions following a Central Bank of Nigeria (CBN) directive issued in December 2024. The new regulations set a daily withdrawal limit of N100,000 per customer and a weekly limit of N500,000. The CBN explained that these measures are designed to address industry challenges, prevent fraud, and standardize operational practices across Nigerian banks. In a customer communication, Union Bank confirmed the new limits, encouraging customers to explore alternative transaction channels such as mobile banking, online platforms, and ATM withdrawals. This implementation comes in the wake of regulatory actions against nine banks, including…
The Federal Government has announced plans to transition all examinations in Nigeria to a 100% computer-based testing (CBT) system by 2027. This was disclosed by the Minister of Education, Tunji Alausa, during the inauguration of the Committee on Improvement of Quality Examinations in Abuja on Thursday. According to the minister, the newly inaugurated committee is tasked with addressing challenges in the education sector, standardizing examination practices, and ensuring fairness and quality. He highlighted the government’s commitment to combating widespread examination malpractices and improving the overall integrity of educational assessments. Alausa emphasized that tackling examination malpractices requires a comprehensive approach, noting…
The Nigeria Labour Congress (NLC) has criticized the federal government and telecommunications companies for approving a 50% increase in telecom tariffs, describing the move as an attack on Nigerians’ welfare amid the country’s worsening economic conditions. Speaking at the Labour House in Abuja on Wednesday, NLC President Joe Ajaero condemned the tariff hike, calling it a blatant disregard for the struggles of ordinary Nigerians. While acknowledging the impact of inflation on the economy, Ajaero stated that the approved rate of increase was excessive and unjustified. Ajaero also criticized members of the National Assembly for failing to stand with the majority…
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March 25, 2025

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NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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