N13bn drugs, military hardware seized at Lagos airport

  The Murtala Muhammed Airport Command of the Nigeria Customs Service has said it intercepted hard drugs, and military and police hardware at the cargo section of the airport. Addressing journalists at the command in Ikeja, Lagos, on Tuesday, the Customs Area Controller, Sambo Dangaladima, said 162 cartons of banned tramadol hydrochloride 225 and 250mg, […]

Naira slides to N748/$ at parallel market

  The naira has dropped to N748 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black or street market. The figure represents a depreciation of N8 or 1.1 percent from the N740 it traded two weeks ago. Speaking to TheCable on Wednesday morning, Bureaux De Change (BDC) operators […]

Gambia’s Vice President Badara Joof is dead

  The Vice President of Gambia, Badara Joof has reportedly died in India. Gambia’s President, Adama Barrow, disclosed the death of the country’s number two man in a tweet thus: “Fellow #Gambians, it is with a heavy heart that I announce the passing away of my #VicePresident, His Excellency, Badara Alieu Joof. The sad event […]

Subsidy: FG borrowing to import fuel, says minister

  The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills.   The government also confirmed that there was a possibility of global economic recession this year, but stressed that Nigeria’s foreign exchange reserves were healthy enough to withstand the shocks.   The […]

Fayose, others shun Atiku’s rally in Ekiti

  Members of the Peoples Democratic Party trooped out to receive the party’s presidential candidate, Atiku Abubakar, to Ado Ekiti, the Ekiti State capital, for a campaign rally on Tuesday. Earlier in the day, commercial vehicles and motorbikes had been off the roads leaving inter and state commuters stranded. Although the PDP members alleged that […]

Slain lawyer buried, cleric consoles family

  Tears flowed on Tuesday when a Lagos-based lawyer, Bolanle Raheem, who was allegedly shot dead by a policeman, Drambi Vandi, last Christmas, was committed to mother earth.   Dressed mostly in black attire, family, friends and colleagues of the late lawyer gathered at The Redeemed Christian Church of God, Banana Island, Ikoyi, Lagos, for […]

Police presence at Emefiele’s Abuja home stirs controversy

  Controversy has surrounded the presence of a team of policemen at the Federal Capital Territory home of the Central Bank of Nigeria Governor, Godwin Emefiele.   The armed police officers, numbering over 10, were seen by our correspondent around 8.40pm, Tuesday, at the Maitama, Abuja home of the embattled governor of the apex bank. […]

3 vessels laden with 98.8m litres of petrol arrive Lagos ports

  Three vessels laden with 98.8 million litres (98,814 metric tons) of Premium Motor Spirit, PMS berthed at the Lagos Port Complex over the weekend, statistics provided by the Nigerian Ports Authority, NPA known as the Shipping Position has shown.   The Shipping position identified the three vessels as Antares1 which arrived Lagos port on […]