Despite falling reserves, CBN injects $482.6m into forex market

The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million in the first trading day after the democracy day celebrations. This The post Despite falling reserves, CBN injects $482.6m into forex market appeared first on TheCable.

FULL LIST: Dangote, Fashola in 36-man council to enhance the economy

Acting President Yemi Osinbajo on Tuesday launched Nigeria’s Industrial Policy Competitiveness Advisory Council, saddled with the task of addressing the bottlenecks hindering industrialisation in the country. The council, which is The post FULL LIST: Dangote, Fashola in 36-man council to enhance the economy appeared first on TheCable.

Angry naval officers ‘burn three policemen alive’ in Calabar

Three policemen were reportedly burnt to death, following a clash between the  police and some officers of Nigerian navy in Calabar, Cross River state capital, on Tuesday. Channels TV quoted a police The post Angry naval officers ‘burn three policemen alive’ in Calabar appeared first on TheCable.

Shake-up in Imo as Okorocha fires all commissioners

Rochas Okorocha, governor of Imo state, has sacked the state executive council and 27 local government transition committees, with immediate effect. A statement by Pascal Obi, principal secretary to the The post Shake-up in Imo as Okorocha fires all commissioners appeared first on TheCable.

Author of ‘Daily Manna’, Bishop Chris Kwakpovwe, in ‘sex tape scandal’

Rita Ibeni, a member of Our Daily Manna/Manna Prayer Mountain Ministry, has alleged that her pastor, Chris Kwakpovwe, made sexual advances at her. A recording of a telephone conversation purportedly between The post Author of ‘Daily Manna’, Bishop Chris Kwakpovwe, in ‘sex tape scandal’ appeared first on TheCable.

JUST IN: Senate halts concession of P’Harcourt refinery to Agip, Oando

The senate on Monday suspended the planned concession of the Port Harcourt refinery to Agip and Oando by the ministry of petroleum resources. The senators also resolved to constitute an ad The post JUST IN: Senate halts concession of P’Harcourt refinery to Agip, Oando appeared first on TheCable.

Osinbajo: An academic on probation

University teachers are fond of criticising people in government as well as government programmes and policies. Like spectators watching a football or wrestling match, they are quick to point out The post Osinbajo: An academic on probation appeared first on TheCable.

Biafra is not a dirty word

For the record, I was born after the Biafra war. Everything I know about it was what I heard or read from different sides to the conflict. Since I was The post Biafra is not a dirty word appeared first on TheCable.

How aggrieved APC supporters pounced on Afikuyomi at APC primary

Some angry supporters of the All Progressives Congress (APC) in Lagos attacked Tokunbo Afikuyomi, chairman of the party’s primary election committee, at the Teslim Balogun stadium, Surulere, venue of the exercise. The post How aggrieved APC supporters pounced on Afikuyomi at APC primary appeared first on TheCable.

Violence breaks out at APC LG primary in Lagos

Violence disrupted the local government primary election of the All Progressive Congress (APC) at Teslim Balogun Stadium in Surulere, Lagos, on Saturday. Trouble started after Tokunbo Afikuyomi, chairman of the The post Violence breaks out at APC LG primary in Lagos appeared first on TheCable.

Osinbajo appoints new heads for PenCom, BOI

Acting President Yemi Osinbajo has approved the appointment of Olukayode Pitan as the managing director of the Bank of Industry (BOI). He takes over from Waheed Olagunju who was the The post Osinbajo appoints new heads for PenCom, BOI appeared first on TheCable.

Osinbajo returns to Nigeria after G7 summit

Acting President Yemi Osinbajo has returned to the country after the G7 summit in Sicily, Italy. Laolu Akande, his spokesman, announced this around 6pm on Saturday. While announcing the departure The post Osinbajo returns to Nigeria after G7 summit appeared first on TheCable.

BREAKING: British Airways cancels ALL flights over IT breakdown

Computer problems have forced British Airways to cancel all flights from Heathrow and Gatwick. The airline operates morning flights to Lagos and evening flights to Abuja everyday from Heathrow, London. The The post BREAKING: British Airways cancels ALL flights over IT breakdown appeared first on TheCable.

Police: IPOB, MASSOB are illegal groups… their intentions must be rejected

The Ebonyi state police command has described the Indigenous People of Biafra (IPOB) and Movement for the Actualisation of the Sovereign State of Biafra (MASSOB) as illegal groups. Jude Madu, The post Police: IPOB, MASSOB are illegal groups… their intentions must be rejected appeared first on TheCable.

Osinbajo off to Italy for G7 summit

Acting President Yemi Osinbajo on Saturday left for Italy to attend the ongoing Group of Seven (G7) summit in the country. Laolu Akande, Osinbajo’s spokesman, made this known in the The post Osinbajo off to Italy for G7 summit appeared first on TheCable.