Wednesday, October 17, 2018

ABOUT POLICY RADAR INITIATIVE (PRIN)

The Policy Radar Initiative (PRIN) is a project of the Cable Newspaper Journalism Foundation (CNJF) supported by the John D. and Catherine T. MacArthur Foundation. Its purpose is to “support investigative journalism in Nigeria and to educate the public and other important audiences about issues related to corruption, with a focus on the electricity and education sectors”. The three-year grant runs from January 2017 to December 2019. Under the US law, the MacArthur Foundation is prohibited from directly supporting (a) any activity that seeks to influence the outcome of any domestic or foreign election for public office; or (b) any lobbying or other attempts to influence legislation. Therefore, content is editorially independent. Published materials are not the views of the MacArthur Foundation.

    Nigerians to pay more for electricity as NERC approves ‘service charge’

Nigerians to pay more for electricity as NERC approves ‘service charge’

The Nigerian Electricity Regulatory Commission (NERC) says prepaid meters will soon flood the market with the licensing of 87 meter asset providers (MAPs).What the power sector regulator downplayed, however, is there is also going to be an increase in the bills to be paid by electricity consumers in the country who get new meters under the latest regulation.On March 12, 2018, Dafe [...]

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    EXCLUSIVE: ICPC grills Niger Delta power officials over contract scam

EXCLUSIVE: ICPC grills Niger Delta power officials over contract scam

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has been grilling officials of the Niger Delta Power Holding Company (NDPHC) over allegations of fraud.TheCable had reported various allegations of impropriety in the award of contracts at the government agency.Chiedu Ugbo (pictured), the managing director, is due to report to ICPC office in Abuja this week to answer various [...]

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    On the verge of collapse, 13 GenCos drag FG to court

On the verge of collapse, 13 GenCos drag FG to court

Nigeria's power crisis is in for more shocking waves as 13 power generation companies (GenCos) have sued the federal government for giving "preferential treatment" to two competitors with intent to harm the business interests of the others.The GenCos, who said they are on the verge of collapse over debts in excess of N1 trillion, currently generate 80% of the power consumed in [...]

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    ‘Whenever I remember Fatima, I can’t eat again’ — Dapchi parents speak on their pains and fears

‘Whenever I remember Fatima, I can’t eat again’ — Dapchi parents speak on their pains and fears

The mood in Dapchi is still sombre. Most families are gathered in congregational prayers under Neem trees at street corners, while military checkpoints, which where hitherto absent, are now glaring at strategic places.  This town, in Bursari local government area of Yobe state, north-east, Nigeria, is yet to recover from the attack on the Government Girls Science and Technical College [...]

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    ‘The kidnappers came in military uniform’ — lucky Dapchi schoolgirls recount ordeal to TheCable

‘The kidnappers came in military uniform’ — lucky Dapchi schoolgirls recount ordeal to TheCable

No one knew it was going to be a sad day at school. The blackboard, facing the empty class in ‘Tech 3A’, still bore, in the teacher’s handwriting, 19/2/18. The topic, ‘Weathering', which they learnt in geography class that day has not yet been erased from the board. And so is their memory of the attack.At about 5.30pm that Monday, the whistle for [...]

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    PHOTOS: Buni Yadi still in ruins — four years after the massacre of 58 students

PHOTOS: Buni Yadi still in ruins — four years after the massacre of 58 students

Federal Government College, Buni Yadi, used to be the pride of the Yobe community. But after the devastating Boko Haram attack of February 24, 2014, the story has changed tragically. The insurgents killed 58 students in the late night attack and burnt or destroyed all of the 24 buildings.TheCable, in commemorating the tragedy, has been speaking with the survivors, witnesses, [...]

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    ‘Allah will forgive me’ — repentant Boko Haram killer speaks on Buni Yadi massacre

‘Allah will forgive me’ — repentant Boko Haram killer speaks on Buni Yadi massacre

Before the Chibok girls, there were the Buni Yadi boys. Four years ago, Boko Haram insurgents attacked and killed 58 male students of  Federal Government College, Buni Yadi, Yobe state, for receiving "western education". To commemorate the tragedy, TheCable visits the school to speak with witnesses and survivors of the attack. In the third part of the series, the man who [...]

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    ‘I personally evacuated the dead bodies of my two sons’ — father recalls when Boko Haram killed 58 Buni Yadi students

‘I personally evacuated the dead bodies of my two sons’ — father recalls when Boko Haram killed 58 Buni Yadi students

Before the Chibok girls, there were the Buni Yadi boys. Four years ago, Boko Haram insurgents attacked and killed 58 male students of  Federal Government College, Buni Yadi, Yobe state, for receiving "western education". To commemorate the tragedy, TheCable visits the school to speak with witnesses and survivors of the attack. In the second part of the series, a parent re-lives [...]

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    ‘Boko Haram killed 29 students and lined up their bodies in front of the hostel’ — Buni Yadi massacre revisited

‘Boko Haram killed 29 students and lined up their bodies in front of the hostel’ — Buni Yadi massacre revisited

Before the Chibok girls, there were the Buni Yadi boys. Four years ago, Boko Haram insurgents attacked and killed 58 male students of  Federal Government College, Buni Yadi, Yobe state, for receiving "western education". The school was, before then, known for its excellence:it represented Nigeria in Geo-Challenges at Florida, USA, in 2002; was state runner-up in the 4th Annual National Essay Competition for [...]

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    EXCLUSIVE: FG panics as Azura Power, Seven Energy default on foreign loans

EXCLUSIVE: FG panics as Azura Power, Seven Energy default on foreign loans

Kemi Adeosun, minister of finance, has moved to forestall a major international setback for Nigeria following an imminent default in private sector loans guaranteed by the federal government.TheCable understands that Azura Power and Seven Energy, two key players in power and gas, have been unable to settle their December 2017 invoices regarding foreign loans that enjoy the World Bank partial [...]

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Exchange Rates

October 15, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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