Wednesday, November 21, 2018

TheCable

    Akinlade concedes PDP governorship ticket to Isiaka

Akinlade concedes PDP governorship ticket to Isiaka

Abiodun Isiaq Akinlade, chairman of the federal house of representatives committee on science and technology, has conceded the governorship ticket of the Ogun state chapter of the Peoples Democratic Party (PDP) to Gboyega Nasir Isiaka.Isiaka won the controversial PDP primary in the state and following his endorsement by the party's leaders, Akinlade decided to sacrifice his own ambition, saying the party's interest [...]

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    APC chairman, Oyegun, ‘robbed in his house’

APC chairman, Oyegun, ‘robbed in his house’

John Oyegun, chairman of the All Progressives Congress (APC), was absent at the inauguration of the campaign council of his party’s presidential candidate "due to his experience with robbers on very early on Monday morning".The event, which held in Abuja on Monday, was attended by stalwarts of the party.In his opening remarks, Rotimi Amaechi, governor of Rivers state and the [...]

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    Two ’10-year-old’ suicide bombers strike in Yobe

Two ’10-year-old’ suicide bombers strike in Yobe

Two suicide bombers believed to be "about 10 years old" blew themselves up at a popular market in Potiskum, Yobe state on Sunday, killing at least three people.The explosions went off around noon the open mobile phone market in the state capital.Sani Abdu Potiskum, a trader at the market, told Reuters that he saw the dead bodies of the bombers."They are two young girls of [...]

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    Obasanjo attends Jonathan’s daughter’s wedding

Obasanjo attends Jonathan’s daughter’s wedding

Former President Olusegun Obasanjo set aside his differences with President Goodluck Jonathan on Saturday to attend the wedding of his foster daughter, Inebharapu and her husband, Simeon, at the National Christian Centre, Abuja.Enoch Adeboye, the general overseer of the Redeemed Christian Church of God, was also at the event.Obasanjo arrived the centre with Andy Uba, a senator and his former [...]

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    Again, Boko Haram attacks Baga

Again, Boko Haram attacks Baga

For the second time in a week, the north-eastern town of Baga, Borno state, where Boko Haram seized a military base just on Sunday, has been attacked again.Musa Alhaji Bukar, a top government official, told BBC that the second attack was launched on Wednesday.Bukar said the insurgents burnt down almost the entire town, killing "more than 2,000" people in two raids that were [...]

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    GEJ ‘has not squandered the nation’s reserves’

GEJ ‘has not squandered the nation’s reserves’

The ministry of finance on Wednesday issued a statement to clarify recent media reports on the alleged mismanagement of Excess Crude Account savings, listing a long list of reasons why the savings is not more than the current figure.Ex-President Olusegun Obasanjo recently complained about the country's low ECA savings, saying it was $35 billion when he left office in May 2011, [...]

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    For first time in 5 years, brent oil falls to $50 per barrel

For first time in 5 years, brent oil falls to $50 per barrel

Brent crude oil prices fell below $50 a barrel on Wednesday, the lowest in five years.Although prices later went above $50, the US futures were down around 75 cents to under $47.20 a barrel, their lowest since April 2009, after already completing the drop below $50 earlier in the week.The falling crude oil price is believed to be dictated by [...]

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    Jonathan gives Jega marching order on PVCs

Jonathan gives Jega marching order on PVCs

All registered Nigerians must get their permanent voters card (PVCs) to enable them vote in the February elections, President Goodluck Jonathan has directed Attahiru Jega, a professor and chairman of the Independent Electoral Commission (INEC).The issue of PVC has caused apprehension among millions of Nigerians who may be disenfranchised.Jonathan gave the order at the swearing-in of Akinola Murtala Salau, a [...]

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    FAFIN, L&Z Farms team up to boost local milk production

FAFIN, L&Z Farms team up to boost local milk production

Sahel Capital, fund managers of Fund for Agricultural Finance in Nigeria (FAFIN), has announced its first investment for a 25 per cent stake in L & Z Integrated Farms Limited, one of the fastest-growing dairy producers and processors in Nigeria.The announcement was made during the public launch of FAFIN at a ceremony held at the Banquet Hall of the State [...]

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    Atiku, Tinubu named in Buhari campaign team

Atiku, Tinubu named in Buhari campaign team

Atiku Abubakar, who ran against Muhamamdu Buhari in the presidential primary, has been named a vice-chairman (north) of the the All Progressives Congress  presidential campaign council.In a list released on Tuesday night, Bola Tinubu, former governor of Lagos state, was named vice-chairman (south).After a lot of controversy, Tanimu Yakubu, former chief economic adviser to the late President Umaru Yar'Adua, will [...]

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    Shekau is a lunatic, stop giving him publicity, Governor Shettima tells the media

Shekau is a lunatic, stop giving him publicity, Governor Shettima tells the media

Kashim Shettima, governor of Borno state, has asked the media to stop giving publicity to the leader of Boko Haram, Abubakar Shekau, whom he described as a lunatic.‎Speaking on Tuesday after a national emergency meeting on the north-east with President Goodluck Jonathan, Shettima said: "Shekau is a lunatic. He is a deranged element. He is not somebody anybody should give [...]

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    Jonathan’s sister’s death halts campaign team

Jonathan’s sister’s death halts campaign team

President Goodluck Jonathan has postponed the inauguration of his campaign organisation earlier scheduled to hold on Monday, in honour of his younger sister, Mrs. Nancy Jonathan-Olei, who died on Sunday.Rufai Akali, a professor and special adviser to the president on political matters, announced the postponement at Legacy House, Maitama District, venue of the event, where dignitaries had already taken their [...]

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    Jonathan loses younger sister

Jonathan loses younger sister

President Goodluck Ebele Jonathan has lost his younger sister, presidential spokesman Reuben Abati said in a brief press statement.Mrs Nancy Jonathan-Olei died in the early hours of Sunday at a Yenogoa hospital after a brief ilness.She was 52 years old, according to the statement.The president lost his younger brother,Meni, two years ago also after a brief illness. [...]

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    Boko Haram ‘seizes’ military base in Baga

Boko Haram ‘seizes’ military base in Baga

Boko Haram militants have seized the fishing town of Baga, Borno state, and the military base there.According to reports monitored on the BBC, Maina Maaji Lawan, the senator representing Borno North, said troops abandoned the base after the attack on Saturday."People had to run helter skelter - some into the forest, some into the desert," Lawan said."We are very dispirited."There is definitely something wrong that [...]

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    APC can’t rely on public apathy against PDP to win 2015 presidential election, says Borishade

APC can’t rely on public apathy against PDP to win 2015 presidential election, says Borishade

The All Progressives Congress (APC) cannot bee too reliant on public disenchantment with the ruling Peoples Democratic Party (PDP) and expect to win the 2015 general election, Babalola Borishade, a professor and former director-general of Atiku Abubakar's presidential primaries campaign organisation, has said.In a statement released on Saturday, Borishade (pictured, right) urged leaders of the opposition to work extra hard to bring about the much-desired [...]

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    Suicide bomber strikes at Gombe church

Suicide bomber strikes at Gombe church

A suicide bomber has detonated a bomb at the Evangelical Church Winning All (ECWA) in Tudun Wada, Gombe, capital of Gombe state, killing an unspecified number of people.A security source who confirmed the blast to TheCable said it occurred some minutes before 9am, while members of the church were at a service to herald the New Year."The suicide bomber was targeting [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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