Tuesday, March 19, 2019

Malik Abdulganiy

    INTERVIEW: CBN has done well in Kebbi agric, so we want them in Jigawa, says gov

INTERVIEW: CBN has done well in Kebbi agric, so we want them in Jigawa, says gov

Jigawa state governor Muhammad Badaru Abubakar recently spoke with journalists in his office on his plans for agriculture and the CBN intervention scheme, the Anchor Borrowers' Programme.What driving Jigawa state in this rice production programme? Since we assumed office, we had a clear understanding of the dwindling resources of this country bordering on the over-reliance on oil. Also, we took into [...]

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    EXCLUSIVE: FG directs DGs to fly economy class

EXCLUSIVE: FG directs DGs to fly economy class

The federal government has directed all its directors-general, managing directors and executive secretaries to start flying economy class on all local and international flights, TheCable can report.A previous directive issued in April 2016 banned ministers and other federal government officials from flying first class.The latest circular, dated November 2, 2016 and seen by TheCable, read: "In view of the ensuing [...]

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    EXCLUSIVE: Finally, Buhari to ask APC governors for nominees

EXCLUSIVE: Finally, Buhari to ask APC governors for nominees

After rumbling and agitation within the All Progressives Congress (APC) hierarchy over the lack of consultation in political appointments, President Muhammadu Buhari may have finally succumbed.His wife also recently went on air to complain that those who worked for her husband's election have not been rewarded while those who knew nothing about his victory have been calling the shots.APC governors met [...]

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    Source: FG targets $15bn from proposed asset sale, to insert ‘buy back’ clause

Source: FG targets $15bn from proposed asset sale, to insert ‘buy back’ clause

Federal government intends to raise between $10bn and $15bn from the proposed sale of assets to boost foreign reserves, a presidency official has told TheCable.The official said there was no proposal for outright sale and there was going to be a repurchase clause in any sales agreement signed by the government.The repurchase option will guarantee that the federal government can buy back any such [...]

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    EFCC probes N27bn PHCN insurance premiums

EFCC probes N27bn PHCN insurance premiums

Jones Arogbofa, a retired brigadier and former chief of staff to ex-president Goodluck Jonathan, has been quizzed by the Economic and Financial Crimes Commission (EFCC), TheCable understands.Also quizzed are Benjamin Dikki, former director-general of the Bureau for Public Enterprises (BPE), and a former senior official of the ministry of power whose identity could not be confirmed.They were detained on Friday, September 2, by the anti-graft agency [...]

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    TRIBUTE: ‘It is idiotic to talk of an Igbo president’ — the unforgettable Ojo Mbila Maduekwe

TRIBUTE: ‘It is idiotic to talk of an Igbo president’ — the unforgettable Ojo Mbila Maduekwe

Ojo Mbila Maduekwe, lawyer, politician and non-career diplomat, is not a man you can forget in a hurry. He was as controversial as they come, but he was also a man of wit, humility, and a public servant who served Nigeria religiously in the last 17 years of his life.He was appointed minister of culture and tourism by President Olusegun Obasanjo ("my [...]

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    REVEALED: How Justice Uwais’ son was killed in airstrike that took out ISIS senior leader

REVEALED: How Justice Uwais’ son was killed in airstrike that took out ISIS senior leader

Ibrahim Uwais, son of former chief justice of Nigeria, has been reported killed in an air strike by US-led coalition forces on a senior ISIS leader in Iraq on May 6.TheCable understands that Halima, Ibrahim's wife who travelled with him to Iraq in February 2015, has called to inform her father-in-law, Mohammed, who was Nigeria's chief justice from 1995 to 2006.Ibrahim was believed [...]

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    Nigeria needs an ‘air cavalry’ command to crush Boko Haram, says ex-US Navy SEAL

Nigeria needs an ‘air cavalry’ command to crush Boko Haram, says ex-US Navy SEAL

Nigeria's hopes of inflicting a crushing blow on Boko Haram lie in an air cavalry, a former member of the US Navy SEALs has told TheCable.The US Navy's Sea, Air and Land Teams, known as the Navy SEALs, are reputed for launching successful  counter-terrorism missions in extremely difficult terrains, the most celebrated being the Abbottabad operation of 2011 that killed Osama [...]

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    Kwankwaso, Ganduje enter ‘ceasefire’ pact

Kwankwaso, Ganduje enter ‘ceasefire’ pact

Abdullahi Ganduje, governor of Kano state, and Rabiu Kwankwaso, his predecessor, have agreed to stop their media war after a reconciliation brokered by some northern governors.Kwankwaso was last week threatened with suspension by the Kano chapter of the All Progressives Congress (APC) for allegedly "eyeing" Aso Rock in 2019.Addressing the media after a visit to President Muhammadu Buhari on Friday, Ganduje [...]

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    ALERT: Like Lekki, Like Magodo? Estate Plaza adds one more floor… after 17 years

ALERT: Like Lekki, Like Magodo? Estate Plaza adds one more floor… after 17 years

Estate Plaza, Magodo Phase 2, Lagos state, is growing taller — after 17 years.The shopping mall was a one-storey building in its previous life, but the owners have now decided to add one more floor, to accommodate more shops and, apparently, generate more revenue.There is no sign at the site to show that construction is ongoing or that permits have been given [...]

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    Another ‘abducted girl’ finally rescued in Sokoto

Another ‘abducted girl’ finally rescued in Sokoto

Patience Paul, the schoolgirl allegedly abducted in Sokoto state and converted to Islam, has been rescued and will be reunited with her parents on Saturday, TheCable can report. Her case has generated national interest after that of Ese Oruru, the Bayelsa teenager who was taken to Kano by her "lover" without her parents' consent. Patience's parents had reported her missing since August 12, [...]

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    EXCLUSIVE: Obasanjo writes Saraki, Dogara, attacks ‘insensitive’ plan to buy cars

EXCLUSIVE: Obasanjo writes Saraki, Dogara, attacks ‘insensitive’ plan to buy cars

Former President Olusegun Obasanjo has written a strong-worded letter to the leadership of the national assembly, accusing the federal lawmakers of being "insensitive" to the Nigerian economic situation by planning to buy cars for themselves.The letter, seen by TheCable, was dated January 13, 2016 and addressed to Senate President Bukola Saraki and House Speaker Yakubu Dogara.Obasanjo further accused the lawmakers of perpetrating a culture of [...]

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    There’s massive fraud at BPE, says ex-director

There’s massive fraud at BPE, says ex-director

A former director of the Bureau of Public Enterprises (BPE) has written to Vice-President Yemi Osinbajo alleging fraudulent practices at the agency.In a letter dated November 2, 2015 and seen by TheCable, Ibrahim Muhammad Kashim, who retired in June 2015, alleged that a N27bn premium for a non-existent insurance cover was paid by the BPE for the staff of Power Holding [...]

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    EXCLUSIVE: Dasuki got Jonathan’s approvals to collect $2.1bn from NNPC in 9 months

EXCLUSIVE: Dasuki got Jonathan’s approvals to collect $2.1bn from NNPC in 9 months

Sambo Dasuki, former national security adviser, received an extra-budgetary allocation of $2.1 billion from the Nigerian National Petroleum Corporation (NNPC) within nine months after approvals by former President Goodluck Jonathan, TheCable can report.Dasuki is currently being investigated by the federal government over the billions of dollars released for the procurement of arms for counter-terrorism operations under Jonathan.Documents seen by TheCable showed the breakdown of [...]

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    Ibrahim Magu, the new man at EFCC, is so tough ‘governors feared him more than Ribadu’

Ibrahim Magu, the new man at EFCC, is so tough ‘governors feared him more than Ribadu’

No matter how many times you google his name, you are most unlikely to get any useful information or any high res photograph — that is if you get any photograph at all. In fact, Ibrahim Magu has only one photograph in the public space, taken by James Wallace of NPR. The pixels are so small you will struggle to [...]

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    Drama as appeal court dilly-dallies over Saraki

Drama as appeal court dilly-dallies over Saraki

There was drama on Monday at the court of appeal in Abuja when the ruling in an asset declaration case involving Senate President Bukola Saraki was adjourned indefinitely.Saraki, charged in September to the code of conduct tribunal (CCT) by the code of conduct bureau (CCB) over allegations of false asset declaration, had gone to the appeal court to challenge the [...]

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Exchange Rates

March 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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