Friday, June 22, 2018

Mayowa Tijani

    N2.2trn on debt service, fresh N1.6trn loan, rising oil dependence — 7 troubling facts about 2018 budget

N2.2trn on debt service, fresh N1.6trn loan, rising oil dependence — 7 troubling facts about 2018 budget

After six months in the 2018 fiscal year, President Muhammadu Buhari finally signed the 2018 budget of consolidation into law, thanks to a seven-month delay by the national assembly.The president revealed that the national assembly had inserted 6,403 new projects into arguably the last budget before the 2019 elections, while cutting down on some crucial projects.TheCable reviewed the key content [...]

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    From ‘Eji Owuro’ to ‘Imuse’, Sola Allyson drops seventh album for free

From ‘Eji Owuro’ to ‘Imuse’, Sola Allyson drops seventh album for free

Sola Allyson, indigenous gospel singer and trained musicologist, has released her seventh studio album, Imuse, for free.Since releasing Eji Owuro in 2003, the Nigerian folk and soul singer, has released five other albums; Gbe Je F'ori (2005), Ire (2007), Im'oore (2009) and Adun (2012), before Imuse in 2018.The 11-track album, which was released on Thursday morning, chronicles Allyson's salvation story and the many benefits of a life in [...]

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    INTERVIEW: I don’t think Obasanjo believes he’s being investigated by Buhari, says Lai

INTERVIEW: I don’t think Obasanjo believes he’s being investigated by Buhari, says Lai

Lai Mohammed, minister of information and culture, says he does not think former President Olusegun Obasanjo believes that he is being investigated by President Muhammadu Buhari.In an exclusive interview with TheCable at Cambridge University, UK, the minister said the former president was just crying foul to distract Nigerians from "the ground-breaking June 12 declaration" by President Buhari.Lai, who delivered the [...]

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    OPEC Summit: Wale Tinubu joins Aramco CEO to discuss the future of oil

OPEC Summit: Wale Tinubu joins Aramco CEO to discuss the future of oil

Adewale Tinubu, the group chief executive of Nigeria's indigenous oil company, Oando PLC, joins Amin Nasser, CEO Saudi Aramco, and other international oil companies to deliberate on the future of oil.According to a statement by Oando PLC, Tinubu will join other CEOs in reinforcing the growth and strength of oil independents at the ongoing OPEC international seminar, in Vienna, Austria.Discussing the theme [...]

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    Lai: 2019 elections likely to be the least expensive for APC because we’ve delivered

Lai: 2019 elections likely to be the least expensive for APC because we’ve delivered

Lai Mohammed, minister of information and culture, says the 2019 elections will probably be the least expensive elections for the All Progressives Congress (APC).Lai told TheCable that his party has performed and would go on to win the elections without having to spend so much.Speaking on how the APC intends to fund the 2019 national elections, and control how much [...]

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    VIDEO: PDP danced on Abiola’s grave for 16 years, says Lai

VIDEO: PDP danced on Abiola’s grave for 16 years, says Lai

Lai Mohammed, minister of information and culture, says the Peoples Democratic Party (PDP) danced on the grave of MKO Abiola's grave for 16 years.In an interview with TheCable in Cambridge on Saturday, the minister said PDP did not recognise June 12 for what it was, and now that Buhari has done so, and they say it is politics."For 16 years [...]

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    Dariye as the shinning gem on Buhari’s June 12 crown

Dariye as the shinning gem on Buhari’s June 12 crown

As a graduate of the University of Ibadan (UI), I get into talks with students from Obafemi Awolowo University (OAU), University of Lagos, and the University of Ilorin, discussing which is the best university in Nigeria. My schoolmates will say UI is the first and best, but on our bad days, we may lose the rankings to any of these [...]

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    The day Sani Abacha died!

The day Sani Abacha died!

Adulting is a difficult job! Just saying. Today, I write as a child. I am no longer as happy as I was on June 8, 1998, when the great General Sani Abacha died. I was only eight years old, and the majority of what should have pre-occupied my mind at the time should have been my books and how to "lift" [...]

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    Justice Oguntade: Why Buhari signed Not Too Young To Run bill

Justice Oguntade: Why Buhari signed Not Too Young To Run bill

George Oguntade, Nigeria's high commissioner to the United Kingdom, says President Muhammadu Buhari signed the Not Too Young To Run bill to law to raise the political prospect of the youth and to place Nigeria in its right place in the comity of nations.The retired supreme court judge said this while speaking at the Sussex Nigerian Society (SNS) democracy day [...]

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    The cold war in Aso Rock and the new heroes in town

The cold war in Aso Rock and the new heroes in town

Earlier this week, I caught myself sympathising with Abubakar Bukola Saraki over his perceived persecution and trials in the hands of the executive and the Nigerian Police Force. As a matter of principle, I never sympathise with anybody in Nigeria's top one percent -- no matter the situation, and I have no plans to start now. So I snapped out, [...]

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    No independent candidacy, the untouchables — alterations to ‘Not Too Young To Run’ bill and signed Act

No independent candidacy, the untouchables — alterations to ‘Not Too Young To Run’ bill and signed Act

On Thursday, President Muhammadu Buhari, and a team of young Nigerians, led by Samson Itodo, made history, as the Not Too Young To Run bill was signed into law by the nation's number one citizen.Young Nigerians, on and offline, went into expected celebrations. While some declared political intentions, most revelled and soaked in the feat just accomplished.But amidst all this, [...]

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    When two adults fart in public

When two adults fart in public

In the Yoruba culture, adults are rarely wrong. Of course, this does not say they are not wrong many times, it just means that when they are wrong, it is not in the place of a child to say it. It gets even more interesting: when adults fart in Yorubaland, a proper child or omoluabi, as we call it, is [...]

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    VIDEO: ‘Jesus didn’t die to get an honourary doctorate’ — the speech that changed royal weddings forever

VIDEO: ‘Jesus didn’t die to get an honourary doctorate’ — the speech that changed royal weddings forever

Michael Curry, the most reverend of the American Episcopal Church, successfully led a historic sermon at the royal wedding between Prince Harry and Meghan Markle, the duke and duchess of Sussex.Curry, who became the first black (African-American) presiding bishop of the Episcopal Church in America, an equivalent of the Church of England, and a part of the Anglican communion, also became [...]

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    Okonjo-Iweala: Why I didn’t resign from Jonathan’s govt

Okonjo-Iweala: Why I didn’t resign from Jonathan’s govt

Ngozi Okonjo-Iweala, two-time minister of finance, has revealed why she did not resign from Goodluck Jonathan's administration, despite calls for her to resign.Speaking about her recent book -- Fighting Corruption is Dangerous -- at the London School of Economics and Political Science, Okonjo-Iweala said resigning was the easiest way out, and she was not willing to take that route.Advising young [...]

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    Doctors and the Nigerian festival of tears

Doctors and the Nigerian festival of tears

It was October 2013; I remember this month with so much pain in my heart. My family had just lost one of our finest -- perhaps the finest of us, to the cold hands of death, aided by the failing Nigerian medical system. She was my aunt, who doubled as a mother. She was clearly the best caretaker I had as a young [...]

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    What exactly are doctors doing in Nigeria?

What exactly are doctors doing in Nigeria?

It was the night of December 22, 2002. I was rushed to the University College Hospital (UCH), Ibadan. I was terribly sick; the hospital had no oxygen as at the time I was admitted, and I was severely low on oxygen. I missed a date with death by a few seconds. I needed a miracle and God showed up -- [...]

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Exchange Rates

June 21, 2018USDGBPEUR
INTERBANK360.45492.18420.32
LAGOS362495425
KANO363495423
PH365494423
ABUJA364495423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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