Saturday, May 20, 2017
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    Did PMB just downgrade Osinbajo from ‘acting president’ to ‘coordinating president’?

Did PMB just downgrade Osinbajo from ‘acting president’ to ‘coordinating president’?

There seems to be ambiguity in President Muhammadu Buhari’s recent letter of “transfer of power” sent to the national assembly.Back in January when he left the country for medical treatment in the UK, he stated clearly in a letter to the legislature that Vice-President Yemi Osinbajo would “perform the duties” of his office while he was away.“In compliance with section [...]

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    CLOSE-UP: Joshua, the British fighter groomed through beatings at Nigerian school

CLOSE-UP: Joshua, the British fighter groomed through beatings at Nigerian school

Anthony Oluwafemi Olaseni Joshua has been trending on social media and other news outlets for hours. His defeat of Wladimir Klitschko, a far more experienced boxer, earned him accolades. The historic fight, which took place at Wembly, was witnessed by 90,000 fans – the biggest fight the division had seen in years. Who would believe that boredom was one of the [...]

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    HURRAY! On this day in 2014, TheCable was born…

HURRAY! On this day in 2014, TheCable was born…

TheCable, your favourite online newspaper, is three today.The website was launched with a colloquium at the Lagos City Hall on April 29, 2014 "to deliver knowledge-driven journalism in the pursuit of Nigeria’s progress".It was the first online newspaper in Nigeria to be launched with a public event.It promised to deliver news and features "with speed and simplicity" and contribute intellectually [...]

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    OBITUARY: Borishade, the man whom senate rejected thrice yet led 4 key ministries

OBITUARY: Borishade, the man whom senate rejected thrice yet led 4 key ministries

Babalola Borishade, a first-class product of University of Ife, now Obafemi Awolowo University, was former minister of education, ex-minister of aviation, one time minister of state, power and steel and minister of culture and tourism.He held the key positions between 1999 and 2007 when former President Olusegun Obasanjo was in power.Borishade helped in stabilising Obasanjo's government. A no small personality [...]

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    OBITUARY: Adeleke, the man who gave IBB sleepless nights over Abiola’s mandate

OBITUARY: Adeleke, the man who gave IBB sleepless nights over Abiola’s mandate

I believe that only God Almighty shall decide my political future both in Osun state and Nigeria.That was Isiaka Adeleke's response to a question on his interest in contesting the 2018 governorship election in Osun state.Until his death on Sunday, the two-term senator and first civilian governor of Osun, was the lawmaker representing Osun west senatorial district.Adeleke's death happened less [...]

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    OBITUARY: Onuora Nzekwu, legendary co-author of ‘Eze Goes to School’ who couldn’t afford books

OBITUARY: Onuora Nzekwu, legendary co-author of ‘Eze Goes to School’ who couldn’t afford books

In 1966, Odinigwe Joseph Onuora Nzekwu co-authored Eze Goes To School -- a children's book that would etch his footprint eternally in gold. So successful was the book that when he died on Friday at the age of 89, you needed to add "author of Eze Goes to School" to get a nod of "I know him" from many people.Yet this [...]

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    EXCLUSIVE: NIA collected $289m cash from NAPIMS account in 2015

EXCLUSIVE: NIA collected $289m cash from NAPIMS account in 2015

The National Intelligence Agency (NIA) collected $289,202,382 in cash from the account of the National Petroleum Investment Management Services (NAPIMS) in February 2015 after the postponement of the general election, TheCable understands.NAPIMS is a subsidiary of the Nigerian National Petroleum Corporation (NNPC) which manages the investments of the national oil company.It was also from NNPC's accounts that the office of the [...]

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    INTERVIEW: Abacha family using EFCC to humiliate me over Malabu, says Adoke

INTERVIEW: Abacha family using EFCC to humiliate me over Malabu, says Adoke

Mohammed Bello Adoke, attorney-general of the federation and minister of justice from 2010-2015, has been in the news over the controversial OPL 245 block awarded to Malabu Oil and Gas. The Economic and Financial Crimes Commission (EFCC) has filed charges against him but Adoke, who is currently on self-exile, told TheCable in an email interview that he did no wrong. [...]

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    EXCLUSIVE: NIA never briefed Buhari on ‘covert’ project funds in Ikoyi (updated)

EXCLUSIVE: NIA never briefed Buhari on ‘covert’ project funds in Ikoyi (updated)

The National Intelligence Agency (NIA) never briefed President Muhammadu Buhari that funds for its "covert projects" were warehoused in an Ikoyi flat, presidency sources have told TheCable.This has further raised suspicion that the monies were being warehoused for individual use and not for official purposes.On Wednesday, EFCC said it discovered $43.4m, £27,800 and N23.2m in a house in Ikoyi, Lagos following a tip-off from a [...]

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    EXCLUSIVE: Meningitis, heat wave ‘kill 61 Boko Haram suspects’ in Borno barracks

EXCLUSIVE: Meningitis, heat wave ‘kill 61 Boko Haram suspects’ in Borno barracks

At least 61 Boko Haram suspects detained at Giwa Barracks in Maiduguri, Borno state have died as a result of heat, meningitis, and other harsh conditions, TheCable has learnt.Eight deaths were said to have been recorded on Wednesday after the military authorities released 593 about detainees to the Borno state government, others happened earlier.The bodies of the deceased were taken [...]

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Exchange Rates

May 19, 2017USDGBPEUR
INTERBANK314.74407.47351.28
LAGOS381485420
KANO380485418
PH385490425
ABUJA380485420
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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