Chinedu Asadu

    Many injured as truck conveying PDP protesters crashes

Many injured as truck conveying PDP protesters crashes

Some supporters of the Peoples Democratic Party (PDP) were injured on Monday when a truck conveying them during a protest in Abuja fell.The PDP supporters were heading to the Supreme Court Complex located in Central Area when the accident occurred.Not long after members of the party  left their campaign headquarters in Maitama, the truck, said to be carrying about 30 [...]

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    FG budgets N4bn for Ajaokuta steel, another N310m for its concession

FG budgets N4bn for Ajaokuta steel, another N310m for its concession

The federal government earmarked N3.79 billion for Ajaokuta Steel Company in the 2020 budget.According to budget documents seen by TheCable, N3.607 million of that amount would be for recurrent expenditure during the year while N188.5 million would go into capital expenditure.Some of the key highlights from the budget include N94.1 million for provision of water facilities, N43 million for maintenance [...]

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    Damaged cables trigger internet disruption in Nigeria, 11 countries

Damaged cables trigger internet disruption in Nigeria, 11 countries

Internet service in  at least 12 African countries, including Nigeria, slowed down after undersea connection cables were damaged, according to Bloomberg.The WACS and SAT3/WASC cable systems which connect many African countries to Europe are wired through the Atlantic Ocean.The disruption started on Wednesday night with a huge impact on mostly West African countries.NetBlocks, a non-profit organisation that tracks internet shutdowns, [...]

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    ‘N220m fraud’: EFCC detains Benue assembly clerk, arrests wife and daughters

‘N220m fraud’: EFCC detains Benue assembly clerk, arrests wife and daughters

Torese Agena, clerk of Benue state house of assembly, is currently in custody of the Economic and Financial Crimes Commission (EFCC) over alleged N220 million fraud.Nwanyinma Okeanu, EFCC spokesperson in Benue, said Agena has been in detention since his arrest on Thursday.Okeanu added that the clerk's wife and two daughters were arrested and handed over to the police for allegedly [...]

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    ANN: S’court judgment didn’t reflect wish of Imo voters

ANN: S’court judgment didn’t reflect wish of Imo voters

The south-east chapter of the Alliance for New Nigeria (ANN) says the “flawed” electoral process in 2019 led to the supreme court judgement which removed Emeka Ihedioha as governor of Imo state. In a statement on Thursday, Laz Eze, ANN vice-chairman (south-east), said the judgment did not reflect the wish of the people of the state. Ihedioha, who is of the Peoples Democratic [...]

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    UK launches fresh bid to seize ‘£117m properties linked to Ibori’

UK launches fresh bid to seize ‘£117m properties linked to Ibori’

The United Kingdom has launched a fresh bid to confiscate “proceeds of loot” in the £117 million worth of properties linked to James Ibori, former governor of Delta state.In 2012, a UK court sentenced Ibori - who governed Delta from 1999 to 2007 - to prison after convicting him of fraud and money laundering.The former governor ended his jail term [...]

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    THE INSIDER: INEC may not update Imo guber votes tally despite s’court verdict

THE INSIDER: INEC may not update Imo guber votes tally despite s’court verdict

The Independent National Electoral Commission (INEC) may not release another tally of votes from the Imo state governorship election despite a supreme court verdict, TheCable understands.The apex court had on Tuesday nullified the outcome of the election as announced by INEC thereby invalidating the earlier tally announced by the commission.However, a top official of the commission tells TheCable the electoral [...]

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    INEC presents certificate of return to Uzodinma

INEC presents certificate of return to Uzodinma

The Independent National Electoral Commission (INEC) has issued the certificate of return to Hope Uzodinma as governor of Imo state.May Agbamuche-Mbu, INEC national commissioner, presented the certificate to Uzodinma in Abuja on Wednesday.Uzodinma has taken over from Emeka Ihedioha who was sworn in May, 2019.Ihedioha had been declared winner in the governorship election, having scored the highest number of votes [...]

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    ‘Judicial neutrality at its best’ — Keyamo hails s’court over judgement on Imo

‘Judicial neutrality at its best’ — Keyamo hails s’court over judgement on Imo

Festus Keyamo, minister of state for labour and employment, has hailed the supreme court judgement on the governorship election in Imo state.In a message he posted on Twitter late Tuesday, Keyamo described the judgment which favoured the All Progressives Congress (APC) as “judicial neutrality at its very best.”On Tuesday, the apex court sacked Emeka Ihedioha who was elected governor of [...]

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    ‘The Holy Spirit has rejected Ihedioha’ — how Mbaka prophesied victory of Uzodinma

‘The Holy Spirit has rejected Ihedioha’ — how Mbaka prophesied victory of Uzodinma

On Tuesday, the supreme court announced Hope Uzodinma of the All Progressives Congress (APC) as the duly elected governor of Imo state.That announcement came as a surprise to many Nigerians, but what is more surprising? It had come as a prophecy about two weeks ago.While speaking at his recent church programme, Ejike Mbaka, a Catholic priest in Enugu diocese, had [...]

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    Reps panel asks NERC to suspend electricity tariff increase

Reps panel asks NERC to suspend electricity tariff increase

The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff.NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1.But at its meeting in Abuja on Tuesday, Aliyu Magaji, the committee chairman, asked NERC to issue a directive [...]

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    I can’t wait for another project, says Hanan Buhari

I can’t wait for another project, says Hanan Buhari

Hanan, one of the daughters of President Muhammadu Buhari, says she is anticipating another of her personal projects after the initial one that caused backlash.Hanan, a first-class graduate of photography from a UK university, recently flew to Bauchi state  for a private engagement using the presidential jet.She was said to have been invited to a durbar by Rilwanu Adamu, emir [...]

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    IN DETAIL: Nigeria budgeted N73.3bn for presidential air fleet in 10 years

IN DETAIL: Nigeria budgeted N73.3bn for presidential air fleet in 10 years

Seventy-three billion, three hundred million naira. That is how much Nigeria has budgeted for the presidential air fleet from 2011 to 2020.According to budget documents analysed by TheCable, the allocation for the ‘presidential air fleet’ as captured under the office of the national security adviser (ONSA) comprises a recurrent and capital expenditure of N35.9 billion and 37.4 billion respectively.Besides the [...]

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    Falana: Use of presidential jet for private event by Buhari’s family illegal

Falana: Use of presidential jet for private event by Buhari’s family illegal

Femi Falana, senior advocate of Nigeria (SAN), has asked President Muhammadu Buhari to stop members of his family from using aircraft in the presidential fleet.Falana said the use of aircraft in the presidential fleet by members of the first family for private events is not backed by law.Hanan Buhari, the president's daughter, had flown in a presidential jet to Bauchi on Thursday for [...]

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    EFCC ‘freezes’ Shehu Sani’s bank accounts, ‘asks’ him to declare assets

EFCC ‘freezes’ Shehu Sani’s bank accounts, ‘asks’ him to declare assets

The Economic and Financial Crimes Commission (EFCC) has frozen the bank accounts of Shehu Sani, a former senator from Kaduna state, his aide alleges.In a statement on Sunday, Suleiman Ahmed, senior special adviser to Sani, also said the former lawmaker was "forced to declare his assets".The EFCC had arrested Sani for allegedly demanding money from Sani Dauda, owner of ASD Motors, to [...]

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    ‘Thanks for risking your life for us’ — tributes pour in for soldier marking birthday at war front

‘Thanks for risking your life for us’ — tributes pour in for soldier marking birthday at war front

You should probably check out @omobabafalana on Twitter; but before you do, be ready to drop a few tears as a result of the outpouring of love coming the Nigerian soldier’s way.Omobaba Falana is one of the soldiers fighting Boko Haram in the north-east.He announced on Twitter that Friday was his birthday, and Nigerians flooded his timeline with prayers and [...]

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Exchange Rates

January 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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