Calabar boat mishap: Bodies of three missing medical students recovered
The Cross River police command says it has retrieved the corpses of the three medical students involved in the Marina Resort boat mishap in Calabar. Gyogon Grimah, Cross River commissioner of police, confirmed the development to journalists on Monday. Five persons were reported dead while the three medical students were declared […]
Abubakar Rasheed steps down as NUC executive secretary
Abubakar Rasheed has stepped down as the executive secretary of the National Universities Commission (NUC). Chris Maiayaki, the deputy executive secretary (DES) of the commission, confirmed this to TheCable on Monday. He said Rasheed will officially hand over everything concerning the commission on June 30. Maiayaki added that the NUC boss […]
Adeniyi assumes office as customs CG, says he’ll build on Ali’s achievements
Adewale Adeniyi, the newly appointed acting comptroller-general of the Nigeria Customs Service (NCS), has assumed office. Adeniyi took over on Monday, from Hameed Ali, the immediate ex-comptroller-general of customs, appointed by former President Muhammadu Buhari in 2015. The acting comptroller-general was among those appointed last week by President Bola Tinubu. Speaking […]
FULL LIST: FG names airports after Buhari, Ladoke Akintola, Idiagbon, others
The federal government has named 15 airports across the country after some prominent Nigerians, including former President Muhammadu Buhari and the late Tunde Idiagbon. Idiagbon, a general, was the chief of staff supreme headquarters (second-in-command) when Buhari was the military head of state from 1983 to 1985. In a memo dated June […]
Eid al-Adha: FG suspends work on Lagos-Ibadan road to ease movement
The federal government has suspended construction works on the Lagos-Ibadan expressway for easy access during the Eid al-Adha holiday. In a statement on Monday, Olukorede Kesha, federal controller of works in Lagos state, said works on the road will be suspended from Tuesday, June 27 to Sunday, July 2. She added that […]
EFCC arrests man ‘who posed as senator to defraud Spaniard of €5.7m’
The Economic and Financial Crimes Commission (EFCC) has arrested a “fake senator” who also posed as a Federal Bureau of Investigation (FBI) agent in Abuja. In a statement on Monday, Wilson Uwujaren, EFCC head of media and publicity, said the suspect, identified as Ifechukwu Tom Makwe, was arrested in the Guzape area of […]
Electricity tariff hike, state IGR… 7 business news to track this week
Here are the seven top business stories you need to track this week — June 26 to July 30. ELECTRICITY TARIFF HIKE The federal government recently announced a possible increase in electricity tariff by 40 percent effective July 1, 2023. The hike, according to the government, was in response to the […]
Newspaper Headlines: Discos failed to remit N208bn in 2022, says FG
Reports on the devaluation of the Naira and its impact on the economy, dominate the front pages of Nigerian newspapers today. Source: Top Stories
EXCLUSIVE: FAAC adopts N436.38/$ FX rate for June — despite naira float
The Federation Account Allocation Committee (FAAC) adopted N436.38/$ as exchange rate for the calculation of the forex component of federally-collected revenues for June, TheCable can report. This was based on the advice of the Central Bank of Nigeria (CBN), a development that did not go down well with the states. The central […]
NAHCON: Seven pilgrims dead, 30 battling psychological issues in Saudi Arabia
The National Hajj Commission (NAHCON) says seven Nigerian pilgrims who travelled for this year’s hajj exercise have died in Saudi Arabia. Mousa Ubandawaki, the commission’s deputy director of information and publication, who confirmed the development to TheCable, said 30 Nigerian pilgrims who suffered some of the psychological effects of flight, crowd and the […]