TheCable News

The management of Geometric Power has formally acquired the Aba ring-fenced area from Integrated Electricity Limited, a core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle over the rightful owner of the project. The asset was handed over by the National Council on Privatisation (NCP) through the Bureau for […]

Peter Obi, former governor of Anambra, says borrowing for consumption is Nigeria’s major challenge. He said this in a tweet on Thursday. According to him, the country can borrow funds but they should be used wisely for investment.  He said the mismanagement of borrowed funds has cost the country so much, […]

Emmanuel Macron, the president of France, has announced the withdrawal of French troops in Mali, after a meeting with African leaders in Brussels, Belgium. Speaking in Brussels on Thursday, Macron said the EU and France no longer share the same priorities with the government in Mali. “We cannot remain militarily committed with […]

The senate on Tuesday considered a bill seeking to amend the 35-year-old Bank Employees Declaration of Assets (BEDA) Act 1986. Ezrel Tabiowo, special assistant (Press) to the senate president, said this in a statement issued on Tuesday. “The bill for an Act to amend the Bank Employees (Declaration of Assets) Act CAP […]

The Nigerian National Petroleum Company Ltd (NNPC) says it has over 1 billion litres of safe Premium Motor Spirit (PMS), also known as petrol, in its stock for nationwide distribution. It also said 2.3 billion litres of PMS would arrive in Nigeria between now and the end of the month to restore sufficiency.  […]

Nigeria on Tuesday recorded 33 cases of COVID-19. Here are five updates about the pandemic this Wednesday.  Vaccination during pregnancy protects infants from being hospitalised for COVID, says study Infants whose mothers received two doses of an mRNA COVID-19 vaccine during pregnancy are less likely to be admitted to the hospital for […]

A woman, referred to as ‘The New York patient’ for the sake of privacy, has reportedly become the first female to be cured of HIV. The development was said to have been announced on Tuesday at a ‘Conference on Retroviruses and Opportunistic Infections’, held virtually. According to NBC news, the patient, described […]