Calabar news in brief for January 8: Thursday’s top headlines

Eric Anderson Leads Carnival Calabar Bands

Eric Anderson has been elected as the new Chairman of the Carnival Calabar Bands Association. The election, which took place recently, saw Anderson emerge victorious, signaling a new leadership phase for the association that plays a significant role in organizing the renowned Carnival Calabar. His appointment is expected to bring fresh perspectives and drive to the planning and execution of future carnival events, aiming to enhance the experience for both participants and spectators. The association’s primary focus remains on encouraging creativity, ensuring smooth operations, and promoting the social richness that Carnival Calabar represents to the state and the nation. Anderson’s leadership will be instrumental in coordinating the various bands, addressing their needs, and working collaboratively to maintain and raise the carnival’s international standing. Source

Etung Stakeholders Endorse Governor Otu

Stakeholders from the Etung Local Government Area have publicly endorsed Governor Bassey Otu, expressing their support following a New Year engagement session. The endorsement signifies a strong backing for the governor’s administration and its developmental agenda within the state. This engagement highlights the collaborative spirit between the state government and local communities as they look towards the year ahead. The positive reception from Etung stakeholders underscores a commitment to working together for the progress and prosperity of Cross River State. Source

Rep. Akpanke Enables Obo Constituents

Honourable Effiok Akpanke, representing the Obo Ward 1 constituency, has distributed 900 bags of rice and business grants to his constituents. The initiative, aimed at alleviating financial hardship and encouraging local enterprise, took place in Obo. This distribution is part of Akpanke’s ongoing commitment to supporting his constituents, providing tangible relief and opportunities for financial growth within the community. The event underscores the representative’s dedication to direct constituent welfare and development. Source

FirstBank MD Projects Stability

The Managing Director of First Bank of Nigeria, Dr. Adesola Adeduntan, has projected a stable financial outlook and significant growth in lending for the year 2026. Speaking at a recent event, Adeduntan highlighted the bank’s commitment to supporting the growth of businesses across Nigeria, including those in Cross River State. He emphasized that First Bank will continue to play a key role in driving financial development through planned lending initiatives and financial inclusion programs. The bank aims to use its strong financial position to provide available credit facilities to Small and Medium-sized Enterprises (SMEs) and large corporations alike, encouraging job creation and enhancing financial activity throughout the nation. This forward-looking approach is expected to contribute positively to the financial sector’s stability and overall financial resilience in the coming year. Source

Discos Collect N570bn Revenue

Electricity Distribution Companies (Discos) across Nigeria collected a total of N570.01 billion in the third quarter of 2025. This figure represents a 10.3% increase compared to the N516.78 billion collected in the same period of 2024. The Nigerian Electricity Regulatory Commission (NERC) reported that the total billing to customers reached N725.37 billion, with the collection efficiency standing at 78.6%. This indicates a slight improvement from the 77.9% collection rate observed in the previous year. The Discos’ revenue performance is a key metric monitored by NERC to assess the financial health and operational efficiency of the power sector. Source