Monday, March 18, 2019

Taiwo Adebulu

    FirstBank organises relay walk to celebrate 125th anniversary

FirstBank organises relay walk to celebrate 125th anniversary

First Bank of Nigeria Limited organised a relay on Saturday in commemoration of its 125th anniversary.According to the bank, the 125 kilometre relay walk held across the country to commemorate its years of "unbroken service to the nation".Speaking with TheCable at the end of the exercise in Lagos, Remi Oni, executive director of corporate bank, said the activity is to synergise [...]

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    Masari’s mother-in-law regains freedom — after one week in kidnapper’s den

Masari’s mother-in-law regains freedom — after one week in kidnapper’s den

The 80-year-old mother-in-law of Aminu Masari, governor of Katsina state, has regained freedom after one week in custody of her abductors.The governor's mother-in-law was abducted last Friday at her home in the Sabon Gari area of the state.In a statement on Friday, Gambo Isah, spokesman of the Kaduna police command, said Maistiyari, mother of Binta, the governor's wife, was released [...]

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    Tinubu’s influence and four other reasons Gbaja could emerge house of reps speaker

Tinubu’s influence and four other reasons Gbaja could emerge house of reps speaker

The 9th national assembly to be inaugurated in June will definitely come with a lot of surprises, intrigues and power play. The two prominent leaders of the legislature are most likely not returning to their positions. This leaves room for speculation over who presides over the two chambers. Senate President Bukola Saraki lost his reelection bid, while Yakubu Dogara, speaker [...]

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    Kenyan, who died alongside mother, three kids had premonition about Ethiopian Airlines crash

Kenyan, who died alongside mother, three kids had premonition about Ethiopian Airlines crash

Carol Karanja, a Canada-based Kenyan woman who died alongside her mother and three children in the Ethiopian Airlines plane crash, had a premonition about the flight a week earlier.According to CNN, Karanja had sent a message to her sister and father about her ill feelings.The ill-fated 737 MAX 8 airplane crashed minutes after take-off on Sunday on its way to [...]

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    ‘It’s touching to lose precious lives’ — Buhari speaks on collapsed building

‘It’s touching to lose precious lives’ — Buhari speaks on collapsed building

President Muhammadu Buhari has sympathised with families of victims who lost their lives in the three-storey building that collapsed at Ita-Faaji, Lagos Island.Speaking through Femi Adesina, his special adviser on media and publicity, the president said he is extremely saddened by the incident which left fatalities, particularly children.The building, which houses a primary school on the second floor, caved in [...]

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    Collapsed building:12 killed, 42 in hospital as rescue operation continues

Collapsed building:12 killed, 42 in hospital as rescue operation continues

Twelve persons, including nine children, have been confirmed dead in the three-storey building that collapsed in the Ita-Faaji area of Lagos Island.The building, which houses a primary school on the second floor, caved in on Wednesday morning while pupils were in their classrooms.Officials of the Lagos State Emergency Management Agency (LASEMA) and other rescue officials had rescued some of the [...]

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    El-Rufai names running mate head of 38-man transition committee

El-Rufai names running mate head of 38-man transition committee

Nasir el-Rufai, governor of Kaduna state, has named Hadiza Balarabe, deputy governor-elect, as the head of a 38-member transition committee ahead of his inauguration on May 29.In a statement on Tuesday, Samuel Aruwan, the governor's spokesperson, said the duty of the transition committee is to prepare the ground work for the government.El-Rufai was re-elected in the March 9 election, having [...]

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    My joy is complete, says Kaduna senator-elect on el-Rufai’s victory

My joy is complete, says Kaduna senator-elect on el-Rufai’s victory

Uba Sani, senator-elect of Kaduna central district, says his victory at the February 23 election did not come easy.In a statement on Monday, Sani thanked residents of the state for re-electing Nasir el-rufai, governor of the state, for another term.He said with their victory at the general election, the people have endorsed the policies and programmes that will take [...]

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    Adebutu enters power-sharing deal with Amosun’s candidate

Adebutu enters power-sharing deal with Amosun’s candidate

Although the Independent National Electoral Commission (INEC) is making final preparations for the governorship election, two key political figures in Ogun state have agreed on how to share power and split contracts in the new government.Documents seen by TheCable showed how Adekunle Akinlade, governorship candidate of the Allied Peoples Movement (APM), and Ladi Adebutu, who lost the governorship ticket of the [...]

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    Again, EFCC arraigns Tunde Ayeni for ‘fraud’

Again, EFCC arraigns Tunde Ayeni for ‘fraud’

The Economic and Financial Crimes Commission (EFCC) has arraigned Tunde Ayeni, a former chairman of the board of directors, Skye Bank Plc, before a federal high court in Abuja over money laundering to the tune of about N25 billion.Ayeni was arraigned on Thursday along with Timothy Oguntayo and two companies, Control Dredging Company Ltd and Royaltex paramount Ventures Ltd.They [...]

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    PDP accuses APC of hiring thugs to disrupt Akwa Ibom guber poll

PDP accuses APC of hiring thugs to disrupt Akwa Ibom guber poll

The Divine Mandate Campaign Organisation has accused Adams Oshiomhole, national chairman of the All Progressives Congress (APC), of importing thugs from Edo to disrupt the forthcoming governorship election in Akwa Ibom state.In a statement on Wednesday, Otuekong Ibiok, spokesperson of the campaign organisation for the re-election of Udom Emmanuel, the governor, alleged that the thugs were on assignment to "exterminate" [...]

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    LUTH cancer centre inaugurated by Buhari still under lock — three weeks after

LUTH cancer centre inaugurated by Buhari still under lock — three weeks after

The cancer treatment centre President Muhammadu Buhari inaugurated at the Lagos University Teaching Hospital (LUTH) is still under lock, TheCable can report.The president inaugurated the state-of-the-art centre on Saturday, February 9, with a pledge to ensure that facilities for the prevention, early diagnosis and treatment of cancer are available to more Nigerians.When TheCable first visited the facility two days after [...]

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    IGP outlaws use of concealed vehicle number plates

IGP outlaws use of concealed vehicle number plates

Mohammed Adamu, acting inspector-general of police (IGP), has outlawed the use of concealed vehicle number plates by unauthorised persons in the country.In a statement in Abuja on Tuesday by Frank Mba, the force spokesperson, quoted the IGP as saying concealing number plates is a clear breach of the road traffic act.He maintained that the order which is with immediate effect [...]

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    Elumelu: Access to electricity is critical to economic growth

Elumelu: Access to electricity is critical to economic growth

Tony Elumelu, chairman of Heirs Holdings, says access to electricity is critical to growing Nigeria's economy.Speaking in an interview with Sky news, Elumelu said he believes that the second term of President Muhammadu Buhari will focus on improving the power sector.He added that another sector that is critical to the economy is the private sector which helps in creating employment [...]

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    N1.4bn ‘fraud’: Court orders arrest of four Akwa Ibom officials

N1.4bn ‘fraud’: Court orders arrest of four Akwa Ibom officials

A federal high court in Lagos has ordered the arrest of four officials of the Akwa Ibom state government following an application by the Economic and Financial Crimes Commission.The EFCC had arraigned them over alleged N1.4 billion fraud.The officials are Nsikan Nkan, commissioner for finance (pictured); Mfon Udomah, accountant-general; Uwemedimo Nwoko, attorney-general, and Margaret Ukpe, commissioner for justice.Udom Emmanuel, the [...]

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    NERC absolves NBET MD of fraud, says no proof of N2bn over-invoicing

NERC absolves NBET MD of fraud, says no proof of N2bn over-invoicing

The Nigerian Electricity Regulatory Commission (NERC) says there is no proof that Marilyn Amobi, managing director of the Nigeria Bulk Electricity trading Plc (NBET), overpaid two power plants by N2 billion.In a statement, the commission said its investigation revealed that the payments to Olorunsogo and Omotosho power plants by NBET are in line with the power purchase agreement, while the [...]

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Exchange Rates

March 15, 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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