Finance Minister Decries Wealth Imbalance in Nigeria

Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, expressed concern over the unequal distribution of wealth in Nigeria, revealing that only about 5% of Nigerians have savings exceeding N500,000 in their bank accounts. In an interview with Channels TV, Edun emphasized the unacceptable nature of the country’s wealth concentration, where a […]

Tinubu’s Qatar Visit Confirmed Despite Snub Speculations

President Bola Tinubu’s upcoming visit to Qatar in March for bilateral discussions remains on schedule despite speculations of a perceived snub by Qatari authorities.  A memo between the Embassy of Qatar in Abuja and the Ministry of Foreign Affairs over preparations for a sideline meeting was leaked and misrepresented to mean that President Tinubu was […]

Jury Holds NRA and Former Leader Wayne LaPierre Responsible for Corruption

The National Rifle Association (NRA) and two high-ranking executives have been held accountable in a civil corruption trial, with a New York jury ruling for the repayment of $6.35m (£5m). In the trial, it was established that former NRA leader Wayne LaPierre incurred significant financial losses for the organization through extravagant personal spending. New York […]

Ukraine Claims Downing of Russian A-50 Military Spy Plane

Ukrainian military sources reported that Ukraine has successfully downed a Russian A-50 military spy plane, marking the second such claim in just over a month. The incident occurred between the Russian cities of Rostov-on-Don and Krasnodar, over 200km (124 miles) from the front line. Emergency services discovered plane fragments in Kanevskoy district and managed to […]

Tragedy Strikes as Nanjing Skyscraper Fire Claims 15 Lives and Leaves Many Injured

A fire in eastern China’s Nanjing city has resulted in the tragic loss of 15 lives and left over 40 individuals injured, according to local authorities. Videos circulating on social media depict flames and thick black smoke engulfing multiple floors of a high-rise building. Initial reports suggest the fire originated on the first floor, where […]

Economic Hardship: FG to Provide N25,000 Monthly to 15 Million Households

  The Federal Government has set plans to distribute N25,000 monthly to 15 million households nationwide to alleviate economic hardship, as revealed by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during an exclusive interview on Channels Television. Since assuming to office last year, President Bola Tinubu ended fuel subsidies and currency […]

INEC Addresses IReV Failure During 2023 Presidential Election

The Independent National Electoral Commission (INEC) has disclosed details regarding the failure of the Result Viewing Portal (IReV) during the 2023 presidential election, revealed in a comprehensive report released on the election’s first anniversary. In the report seen by TheCable, INEC said, a configuration bug caused the server to return an “HTTP error” after polling […]

Reps Temporarily Lifts Ban on Sale of Alcoholic Drinks in Sachets

The House of Representatives Committee on the National Agency on Food, Drugs Administration and Control (NAFDAC) has opted to temporarily lift the ban on the sale of spirits and alcoholic drinks in sachets and pet bottles pending the completion of investigations. Chairperson Regina Akume announced the decision in Abuja, on Friday, following a public hearing […]

INEC Releases Detailed Report on 2023 General Election

The Independent National Electoral Commission (INEC) has issued a detailed report on the 2023 general election. The report was released on Thursday, February 22, marking the election’s first anniversary. Read parts of the report below. The report reads: “In configuring and mapping the election results for the presidential and NASS elections, the Commission created Four […]