Naira drops to N570/$1 at parallel market amid high FX demand
Nigerian naira weakened against the dollar at the parallel market to trade at N570 amid demand for the currency during the yuletide season. This is a drop of N5 or 0.9 percent from the N565 it traded last week. Street traders across forex markets in Lagos quoted the rate at N570 to a […]
Ikpeazu: Igbo deserve shot at presidency — we understand Nigeria better
Okezie Ikpeazu, governor of Abia, says people from the south-east understand Nigeria better than those in other regions. Addressing reporters after meeting with President Muhammadu Buhari in Abuja on Thursday, the governor said an aspirant of Igbo extraction should be voted as president in 2023. “I think that the south-easterners have a […]
Lagos leads as first-dose COVID vaccination count hits 10m
The National Primary Health Care Development Agency (NPHCDA), says as of December 29, over 10 million people have received the first jab of the COVID vaccine. The agency disclosed this on Thursday in an update posted on its Facebook page. “10,153,074 of total eligible persons targeted for COVID-19 vaccination reached with first […]
Twitter ban, embargo on SIM card sales… decisions that impacted Nigerian economy in 2021
As 2021 draws the curtain to usher in 2022, it is important to look at some of the events that impacted the economy. While many Nigerians believe that nothing can surprise them, the federal government took some steps that impacted the economy positively and negatively in the year. Some applauded the decisions […]
Sources: Osimhen pulls out of AFCON 2021
Victor Osimhen has pulled out of the upcoming 2021 Africa Cup of Nations (AFCON) slated for Cameroon in January, sources told TheCable. Earlier on Thursday, TheCable reported that the 22-year-old Napoli striker tested positive for COVID-19 for the second time in the year. There have also been disagreements between Napoli and the […]
Ibrahim Ahmad, Sharia council president who refused dialogue with Boko Haram, is dead
Ibrahim Ahmad, president of the Supreme Council for Sharia in Nigeria (SCSN), is dead. Ahmed reportedly died in the early hours of Thursday. The cleric is said to have been battling an unknown ailment. Funeral prayers were held for him at Alfurqan Mosque located at Nassarawa government reserved area (GRA) in Kano […]
Transparency in NNPC, 57,261 direct jobs — Lai lists Buhari’s achievements in 2021
Lai Mohammed, minister of information and culture, has listed 100 achievements of the Buhari administration in 2021. Addressing a press conference in Lagos on Thursday, Mohammed said despite challenges that came with 2021, the administration made “tremendous” progress in fighting insecurity and growing the economy. “What we have done here is to […]
Osimhen tests positive for COVID-19 — days to AFCON
Victor Osimhen has tested positive for COVID-19 for the second time in 2021. Napoli, the Italian football giants, confirmed the Nigerian forward’s COVID-19 status on its Twitter handle on Thursday. The Italian club added that the former Wolfsburg striker has since been in isolation. This will be the second time the […]
$5,000 grant, access to mentors… Tony Elumelu Foundation opens 2022 entrepreneurship programme
The Tony Elumelu Foundation (TEF) says it will open an application portal for the 2022 entrepreneurship programme from January 1. TEF said this in an update on its website — www.TEFConnect.com. African entrepreneurs with business ideas or existing businesses under five years are encouraged to apply for $5000 seed capital, mentorship, business […]
Ikoyi building collapse, shocking death of 8 children — tragedies that shook Lagos in 2021
Lagos, the economic nerve centre of Nigeria and a city renowned for hustling and bustling, witnessed a mixed bag of events — good, bad and ugly — in 2021. TheCable highlights some of the tragic occurrences that transpired in Lagos in 2021. IKOYI BUILDING COLLAPSE The Ikoyi building collapse will not […]