TheCable News

Titan Trust Bank ‬Limited (TTB) ‭has acquired major stakes in Union Bank of Nigeria Plc. Somuyiwa Sonubi, Union Bank’s secretary, disclosed this in a statement posted on the ‬‬Nigerian Exchange Limited (NG‭X) on Thursday. The statement said Union Global Partners Limited, Atlas Mara Limited and other existing shareholders agreed to divest 89.39 […]

Obabiyi Aishah Ajibola, the Nigerian beauty queen, was crowned Miss Muslimah World, an Islamic pageant, in Jarkata, Indonesia on September 18, 2013. Source: Top Stories

As many countries sought solutions to the devastating impact of climate change on communities, through wins achieved at COP26 and Nigeria making history with the climate change law, there were many reasons 2021 was a great year for the environment. However, with the unimpressive ranking on how climate change affects Nigerian children and […]

The Islamic State in West African Province (ISWAP) has launched multiple rocket attacks on Maiduguri, Borno state capital. The insurgents launched the attacks on Thursday ahead of President Muhammadu Buhari’s visit to the city to inaugurate projects done by the state government . The explosives landed in several areas which include Ngomari, […]

Shell Petroleum Development Company of Nigeria (SPDC) says it has declared force majeure on exports of Nigerian Forcados crude oil after a malfunctioning barge obstructed a tanker path. SPDC is a Nigerian subsidiary of the Royal Dutch Shell Plc. Force majeure is a clause that allows a company to skip contractual obligations […]

The World Health Organisation (WHO) says more deaths were recorded from COVID in 2021 than for HIV, malaria and tuberculosis combined in 2020. Tedros Ghebreyesus, WHO director-general, said this on Wednesday at a media briefing on COVID-19. According to him, despite the circumstances, 2021 gave the world many reasons to hope. “Science […]

The gates of phase two, Magodo estate in Lagos, have been reopened following a siege laid by police officers in a move to demolish some houses in the area. TheCable had reported that some police officers, said to have been accompanied by hoodlums, arrived at the estate with bulldozers on Tuesday evening. […]

The Nigerian naira gained marginally against the US dollar at the parallel market to trade at N565 per dollar. This figure is N5 or 0.9 percent higher than the N570 it traded last week. Street traders across forex markets in Lagos who spoke to TheCable on Wednesday quoted the naira at N565 […]

The senate has passed N17.126 trillion as budget for the 2022 fiscal year, jerking the appropriation bill by N735.8 billion. The upper legislative chamber passed the bill for third reading after Barau Jibrin, chairman of the appropriation committee, presented a report for the consideration of his colleagues. The house of representatives also […]