Wednesday, April 10, 2019

TheCable

    Jonathan was the Idi-Amin of CBN, says Soludo

Jonathan was the Idi-Amin of CBN, says Soludo

Charles Soludo, former governor of the Central Bank of Nigeria (CBN), says former President Goodluck Jonathan ran the apex bank like Idi-Amin Dada of Uganda ran his country.Idi-Amin, who ruled his country between 1971 and 1979, was regarded as a dictator based on his style of governance.In an interview in the current business edition of The Interview, the former CBN [...]

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    Tension as militants bomb pipelines in Delta

Tension as militants bomb pipelines in Delta

There is tension in Warri South West local government area of Delta state following attacks by suspected militants on oil installations.The gas line from Olero creek to Escravos, Abiteye flow station, Sagara, Odidi pipelines and Sagara and Otuana flow stations were reportedly affected in the attack.A source told TheCable that some of the pipelines supplying crude to Lagos and Warri [...]

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    Woman loses 3 kids to fire in Bayelsa

Woman loses 3 kids to fire in Bayelsa

A fire outbreak in the Ogbia area of Bayelsa on Saturday killed the three children of one Favour Udoh at her residence, according to NAN.Asinim Butswat, spokesman of the Bayelsa state police command, who confirmed the incident, said preliminary findings indicated that the fire at Elebele community was caused by candle light.Butswat said policemen from the Kolo Division of the police [...]

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    TheCable in Rwanda for African Nations Champ

TheCable in Rwanda for African Nations Champ

The 2016 African Nations Championship begins on Saturday, January 16, and ends with the final on Sunday, February 7, in Rwanda.But if you are wondering where to get updates on the entire 62 games – with special focus on the six, yes, six games the Eagles will be involved in – look no further than www.thecable.ng for live coverage.Remi Sulola, TheCable's sports reporter, [...]

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    Oshiomhole: GEJ fell into the hole he dug for me

Oshiomhole: GEJ fell into the hole he dug for me

Adams Oshiomhole, governor of Edo state, says former president Goodluck Jonathan threatened to cage him inside a hole but he is now the one “putting dust in that hole”.Addressing leaders of the All Progressives Congress (APC) in the state during a stakeholders meeting, the 'comrade governor' as he is popularly called, said he would have been impeached if the former [...]

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    Oshiomhole pleads with Buhari to pardon convicted soldiers

Oshiomhole pleads with Buhari to pardon convicted soldiers

Adams Oshiomhole, governor of Edo state, wants President Muhammadu Buhari to pardon the 66 soldiers whose death sentence were recently commuted to 10 years imprisonment.Speaking on Friday during the armed forces remembrance day celebration in the state, Oshiomhole said: "based on the strength of the recent revelations on the $2.1 billion funds for arms purchase which was mismanaged by the [...]

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    Court remands Metuh in Kuje prison

Court remands Metuh in Kuje prison

A federal high court in Abuja has remanded Olisa Metuh, spokesman of the Peoples Democratic Party (PDP), in Kuje prison.The Economic and Financial Crimes Commission (EFCC), which had earlier arrested Metuh, arraigned him on a seven-count charge but Metuh pleaded not guilty to all the charges.Ifedayo Adedipe, Metuh's counsel, filed an oral application for bail but the prosecuting counsel opposed [...]

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    FG won’t pay N5,000 to lazy people, says Ngige

FG won’t pay N5,000 to lazy people, says Ngige

Chris Ngige, minister of labour and employment, on Thursday said indolent youths would not be beneficiaries of the N5,000 stipend that the All Progressives Congress (APC)-led government promised to give the unemployed.Emphasising that there was nowhere in the world where the government would pay people to go and “sleep”, Ngige revealed that the programme would be in collaboration with some state [...]

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    Lassa Fever hits Abuja

Lassa Fever hits Abuja

The current outbreak of Lassa Fever has extended to Abuja, the federal capital territory.According to a confirmation from the federal ministry of health, the outbreak was recorded in the Kubwa area of FCT, with one patient dying at the National Hospital Abuja.Boade Akinola, director of press and public relations at the ministry, released a statement saying Isaac Adewole, a professor and minister [...]

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    FG approves $200 million loan for Lagos

FG approves $200 million loan for Lagos

The Federal Executive Council (FEC) on Wednesday approved $200 million World Bank loan for Lagos state.Lai Mohammed, minister of information, and Babatunde Fashola, his power, works and housing counterpart, disclosed at a press briefing at the end of the FEC meeting.They explained that the facility was part of a $600 million loan granted by World Bank for roads and other [...]

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    Tompolo gets ‘last chance’ to avoid arrest

Tompolo gets ‘last chance’ to avoid arrest

A federal high court in Ikoyi Lagos has threatened to order the arrest of Government Ekpemupolo, an ex-militant leader better known as Tompolo, if he does not appear before it on Thursday.The court’s summons is in connection with allegations of fraudulent land contracts for the construction of Nigerian Maritime University.Tompolo had earlier declined to honour the invitation of the Economic [...]

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    Saraki: We can’t allow Lassa Fever spread any further

Saraki: We can’t allow Lassa Fever spread any further

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    POLL: Should Ekwunife, who dumped PDP in January, be allowed to contest for APC in March?

POLL: Should Ekwunife, who dumped PDP in January, be allowed to contest for APC in March?

Uche Ekwunife, the senator who was representing Anambra central at the national assembly, caused quite a stir last week when she ditched the Peoples Democratic Party (PDP) for the All Progressives Congress (APC).Surely, in Nigeria's political space, defections are already de rigueur. But a lot of things make Ekwunife's case complex.Ekwunife won election in March 2015 – defeating Chris Ngige of APC – and [...]

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    PDP asks Jonathan to break silence on arms deal

PDP asks Jonathan to break silence on arms deal

The Peoples Democratic Party (PDP) has asked former President Goodluck Jonathan to speak out on the $2.1 billion arms deal.Abdulahi Jalo, deputy national publicity secretary of the PDP, made the demand during an interactive session with journalists at the party’s national headquarters in Abuja on Monday.Jalo also said it was not only members of his party that benefitted from the [...]

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    POLL: Should INEC have named Dickson winner?

POLL: Should INEC have named Dickson winner?

Seriake Dickson, candidate of the Peoples Democratic Party (PDP), won the Bayelsa state governorship election. So says the Independent National Electoral Commission (INEC), which declared the incumbent governor winner, despite beating his closest opponent by a margin that was lesser than the total number of cancelled votes.Announcing the winner on Sunday evening, Zana Akpagu, the collation/returning officer, said Dickson polled [...]

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    PDP: Dickson’s victory came with so much pain

PDP: Dickson’s victory came with so much pain

Sunday's re-election of Seriake Dickson as governor of Bayelsa state came with "so much pain", his party, the Peoples Democratic Party (PDP), has said.After a seemingly endless election, which held on December 5 and 6, 2015, followed by a supplementary poll on Saturday, the Independent National Electoral Commission (INEC) declared Dickson winner, saying he polled 134,998 votes to defeat Timipre Sylva of the [...]

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Exchange Rates

April 8, 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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