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As dollar drops, Nigerians now ‘hoard’ naira

The naira, which has been on a path of recovery, traded between 400 and 470 to the dollar at the parallel market on Friday. According to traders who spoke to TheCable in Abuja, Nigeria’s capital city, the dollar went as

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N8bn CBN currency scam: Absence of defence counsel stalls trial

The eight billion naira CBN currency scam before Justice Joyce Abdulmaleek of the Federal High Court, Ibadan, suffered another adjournmnt on Monday because of the absence of Mr Olayinka Bolanle, a defence counsel. Bolanle is the counsel to Kolawole Babalola,

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Makarfi faction orders Sheriff out of PDP secretariat

Senator Ahmed Makarfi, head of the sacked National Caretaker Committee of the Peoples Democratic Party (PDP) has demanded that the factional national chairman of the party Senator Ali Modu Sheriff vacate the party’s national secretariat in Abuja immediately to avoid

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Special Report: Anyim, 3 ex-governors, others next on CCT ‘hit list’

Trials dates slated for April By Lubem Gena, Abuja Barring any hitch, Nigerians will in April witness another round of prosecution against some top ex-government functionaries, AljazirahNigeria authoritatively learnt. These include Anyim Pius Anyim, former Secretary to Government of the

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Only one form needed to register business now- CAC

The Corporate Affairs Commission (CAC) has consolidated the forms required to register a business in Nigeria, reducing the number from seven to one. This was revealed by Garba Abubakar, the special adviser to the commission’s registrar-general of the commission, at the

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Amina Mohammed assumes duty as UN Deputy Sec.-Gen. tomorrow

Ms Amina Mohammed, the immediate past Minister of Environment, will be sworn-in on Tuesday as the UN Deputy Secretary-General at the UN Headquarters in New York, the News Agency of Nigeria (NAN) reports. Mohammed, who was appointed by the UN

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How SSS raided Suswam’s Abuja home, recovered cache of weapons

The State Security Service, SSS, said on Sunday that a raid conducted in a property allegedly belonging to a former Benue State governor, Gabriel Suswam, ended with the recovery of guns and magazines. The department said it subsequently invited Mr.

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Treason charges against Russian cyber experts linked to seven-year-old accusations

Treason charges brought in December against two Russian state security officers and a cyber-security expert in Moscow relate to allegations made by a Russian businessman seven years ago, according to the businessman and a source connected with the investigation. They

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Bill Paxton, actor known for Aliens and Titanic, dies aged 61

Actor Bill Paxton, who was best known for his role in the sci-fi classic Aliens, has died at the age of 61, US media report. Paxton had reportedly suffered from complications following surgery. The Texan actor’s biggest hits included The

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Nokia 3310 mobile phone relaunched 17 years after its debut

Nokia’s 3310 phone has been relaunched nearly 17 years after its debut. Many consider the original handset iconic because of its popularity and sturdiness. More than 126 million were produced before it was phased out in 2005. The revamped version

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