Don’t give up despite daunting challenges, Buhari tells Nigerians in Easter message
President Muhammadu Buhari has encouraged Nigerians not to lose hope in the face of daunting challenges. In his Easter message to citizens, the president also urged Nigerians to live in unity and love. “I join our Christian brothers and sisters to celebrate this year’s Easter, which is the most significant event/festival in […]
1% from companies’ profit, 0.2% from federation revenue… highlights of NYSC Trust Fund bill
On Tuesday, the house of representatives passed a bill seeking to establish a trust fund for the National Youth Service Corps (NYSC) scheme. The NYSC Trust Fund (Establishment) Bill 2021 was sponsored by Mayowa Akinfolarin, and it passed the first reading on December 16, 2021; and the second reading on January 20, 2022. According […]
Nigeria’s inflation rate hits 15.92% — highest level since October 2021
The consumer price index, which measures the rate of increase in the price of goods and services, climbed to 15.92 per cent in March 2022, amid rising food and gas prices. The figure represents the highest rate recorded since October 2021 — and 0.22 per cent points higher than the 15.7 per cent […]
NRC: Damaged sections of Abuja-Kaduna rail track under repair
Sections of the Abuja-Kaduna rail track that were destroyed by bandits in March are currently under repair. Yakub Mahmood, deputy director of NRC public relations, confirmed the news to TheCable. “Work is ongoing on the Abuja-Kaduna rail tracks. The railway engineers are repairing the destroyed sections,” Mahmood said. Asked if he […]
Vanguard Group overtakes Elon Musk as Twitter’s largest shareholder amid $43bn takeover bid
Elon Musk, the billionaire founder of Tesla Inc, is no longer the largest shareholder of Twitter. Musk currently owns a 9.2 per cent stake in the company. But Vanguard Group, an American registered investment advisor, now owns 82.4 million shares of Twitter, which means 10.3 per cent of the company — making it Twitter’s […]
Four abducted female students of Zamfara college freed — after 24 hours in captivity
Four abducted students of College of Health Science and Technology in Tsafe area of Zamfara state have regained their freedom. TheCable had reported how bandits abducted five female students of the college, when they invaded a private hostel situated outside the school campus, on Wednesday. One of the victims escaped from the bandits […]
Buhari pardons Dariye, Nyame — the two ex-governors jailed for fraud
President Muhammadu Buhari has granted pardon to Joshua Dariye, former governor of Plateau state, and Jolly Nyame, former governor of Taraba state. At a council of state meeting presided over by the president at the presidential villa in Abuja on Thursday, the former governors were among 159 inmates pardoned. They were granted […]
From May, passengers have to present NIN before boarding trains
The Nigerian Railway Corporation (NRC) says passengers will be required to provide their National Identity Number (NIN) before boarding trains for improved profiling from May. Fidet Okhiria, managing director of the NRC, said this in a statement on Thursday, adding that the NIN would be required to improve passenger profile. Okhiria advised […]
Nigeria to benefit as IMF approves $45bn fund for low and middle-income countries
The International Monetary Fund (IMF) has approved a $45 billion trust fund to help low and vulnerable middle-income countries build resilience and sustainability. Nigeria is among lower-middle-income countries with gross national income (GNI) per capita at $2,157 in 2019, according to the World Bank collection of development indicators. According to IMF, the […]
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