Naira appreciates to N890/$ at parallel market
The naira, Nigeria’s legal tender, is currently trading at N890 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents an appreciation of 60 or 6.3 percent from the N950 it traded last week. Speaking to TheCable on Wednesday afternoon, Bureaux De Change (BDC) operators in the […]
NDLEA: We seized N57m worth of illicit drugs under eight months in Abuja
The federal capital territory (FCT) command of the National Drug Law Enforcement Agency (NDLEA) says it intercepted about 3,091.032 kg of “illicit drugs” between January and August. Kabir Tsakuwa, NDLEA FCT commandant, disclosed this during an interview with NAN on Wednesday in Abuja. Tsakuwa said the drugs were worth over N56.9 million. […]
Issa-Onilu: Delay in inaugurating ministers understandable | Tinubu tinkering with structure
Lanre Issa-Onilu, a former national director of publicity for the All Progressives Congress (APC), says ministers screened and confirmed by the senate will be inaugurated soon. He added that the president is tinkering with the existing ministerial structure before inaugurating his cabinet. On July 27, President Bola Tinubu sent a list of […]
NESG: Nigeria’s economy likely to grow stronger for rest of 2023
The Nigerian Economic Summit Group (NESG) has predicted that Nigeria will experience stronger economic growth as business activities increase in the remaining part of the year. Laoye Jaiyeola, chief executive officer (CEO) of NESG, spoke at the third Edition of the Mid-Year Review of 2023 Economic Outlook, organised by the Chartered Institute of […]
Remove sanctions imposed on Niger Republic, NEF advises Tinubu
The Northern Elders Forum (NEF) has asked President Bola Tinubu to remove economic sanctions imposed on Niger Republic, in the wake of the coup in the neighbouring nation. Democratically elected President Mohamed Bazoum was deposed on July 26. The military junta immediately dissolved the constitution, suspended all institutions and closed the borders. […]
Shettima: Tinubu administration committed to deepening democratic values
Vice-President Kashim Shettima says the President Bola Tinubu administration remains committed to deepening democracy in the country. Shettima spoke on Tuesday when he received some leaders of the Inter-Party Advisory Council (IPAC) at the presidential villa, Abuja. The vice-president emphasised the need for all Nigerians to work together to nurture the nation’s […]
One dead, three missing as Seplat’s oil rig collapses in Delta
Seplat Energy Plc has confirmed the death of one person following the collapse of its oil rig, Majestic, near Ovhor in Delta state. The oil company disclosed this on Tuesday, in a statement posted on its social media platforms. The company also said three of its crew members are still unaccounted for. […]
Newspaper Headlines: EFCC may clamp down on speculators over naira depreciation
Reports on the planned arraignment of Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN) on a 20-count charge, permeate the front pages today. Source: Top Stories
Owasanoye: Corruption is fueled by community expectation of public officers
Bolaji Owasanoye, chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), says pressure by community members on public officeholders for financial benefits fuels corruption in Nigeria. Owasanoye spoke in Abuja on Tuesday at the national policy dialogue on corruption, social norms, and behaviour change. The dialogue was organised by […]
‘We salute their sacrifice’ — Tinubu mourns officers killed in Niger state helicopter crash
President Bola Tinubu has mourned the death of the Nigerian Air Force (NAF) officers who died in the helicopter crash in Niger state on Monday. TheCable reported how the NAF’s MI-171 helicopter crashed while on a casualty evacuation mission at about 1 pm near Chukuba village in Shiroro LGA of the state. […]