TheCable

Cable Newspaper Ltd was founded on November 29, 2011, with the mission of providing insightful journalism to support Nigeria's development. TheCable.ng, an online news platform, was introduced on April 29, 2014, to fulfill this mission through digital reporting. Its goal is to become the most esteemed online newspaper across Africa.

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Articles

Bawa: Nigeria lost $450m to petrol subsidy fraud in six years

8 hours ago | thecable.ng | Taiwo Adebulu

Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), says Nigeria lost $450 million to subsidy fraud under the Petroleum Support Fund (PSF) scheme between 2006 and 2012. In his new book, ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’, Bawa documents the massive fraud that marred the scheme. Bawa served as the chairman of the anti-graft agency from February 2021 to June 2023.
REVEALED: Inside details of multi-billion naira subsidy fraud that got oil marketer 104-year jail term

1 day ago | thecable.ng | Taiwo Adebulu

When stories of the petrol subsidy fraud appeared on the pages of newspapers, they were told mostly with sketchy details, with the crux of the narrative centring on the trials and convictions of the indicted oil marketers. But little was known about the gravity and tricky details of the fraud that milked the nation’s treasury.
Fayemi: Young Nigerians bedrock for national transformation

1 day ago | thecable.ng | Ayomikunle Daramola

Kayode Fayemi, the former governor of Ekiti state, says young Nigerians have a significant role to play in transforming the country. Fayemi relayed his thoughts in a sallah message to the Muslim faithful, while harping on the need for unity and empathy during the Eid al-Adha celebrations. “I join millions of Nigerians in celebrating our Muslim brothers and sisters as they commemorate this significant religious festival,” he said.
PHOTOS: Inside the lavish life of Nigerian ‘tech queen’ arrested by FBI

1 day ago | thecable.ng | Victory Orimemi

Sapphire Egemasi, the Nigerian tech enthusiast popularly known as “tech queen”, projected a lavish lifestyle before her arrest in the US by the Federal Bureau of Investigation (FBI). Before her arrest in April on allegations of wire fraud and identity theft, the 28-year-old Egemasi portrayed herself online as a tech-savvy and financially liberated woman. But her social media footprint is a visual diary of globetrotting, luxury, and the soft life.
Tesla loses $150bn in market cap amid Musk-Trump feud

1 day ago | thecable.ng | Victory Orimemi

Tesla Inc. shares reportedly tumbled by over 14 percent on Thursday, as the public feud between Elon Musk, the company’s chief executive officer (CEO), and President Donald Trump rattled investors. The development was said to have resulted in a $150 billion loss in the automaker’s market capitalisation.
Tinubu to governors: No more planning approvals for illegal islands

1 day ago | thecable.ng | Ayomikunle Daramola

President Bola Tinubu has cautioned Lagos state and other subnational governments against granting planning approvals for unauthorised islands and developments encroaching on designated road setbacks and maritime areas. Speaking at the inauguration of the Lekki deep seaport access road on Thursday, Tinubu expressed pride in the project, which he initiated during his tenure as Lagos state governor.
NEITI: Fake CSOs using FOI Act to blackmail, extort public officials

2 days ago | thecable.ng | Busola Aro

The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised alarm over the growing abuse of the Freedom of Information (FoI) Act by “faceless individuals and organisations” masquerading as civil society groups to extort public officials and institutions. Orji Ogbonnaya Orji, executive secretary of NEITI, spoke on Tuesday during a roundtable to mark 14 years of the FOI Act in Abuja. Ogbonnaya said the trend is “a dangerous weaponisation of a noble democratic law”.
‘Respected academic leader’ - Tinubu pays tribute to Jubril Aminu

2 days ago | thecable.ng | Ayomikunle Daramola

President Bola Tinubu has mourned the passing of Jubril Aminu, the former minister of petroleum and mineral resources. The elder statesmen died on Thursday at the age of 85 after a prolonged illness. In a statement released on Thursday, Tinubu described Aminu as a “respected academic and political leader who brought erudition and brilliance to statecraft”.
AFC says Africa's $1.1trn institutional capital should be deployed to finance infrastructure

2 days ago | thecable.ng | Busola Aro

The Africa Finance Corporation (AFC) says the continent’s $1.1 trillion institutional capital pool should be redirected to finance long-term infrastructure development and drive industrial growth. The AFC spoke in its 2025 state of Africa’s infrastructure report, titled ‘Mobilising Domestic Capital’. Institutional capital refers to the funds held by institutions like investment firms.
How to stay safe at Arafat: An experiential guide for pilgrims

2 days ago | thecable.ng | Monsuroh Abdulsemiu

The annual pilgrimage to Makkah, known as Hajj, remains one of the most powerful expressions of global Islamic unity. Scheduled this year between June 4 and 9, during Dhul-Hijjah — the 12th and final month of the Islamic lunar calendar — the 2025 pilgrimage has drawn nearly two million Muslims from across continents, cultures, and generations. All are united in a sacred journey to fulfil a religious obligation that, for many, represents the spiritual pinnacle of their lives.