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    INTERVIEW: How I got nine A1s in 2019 WASSCE, says best candidate in West Africa

INTERVIEW: How I got nine A1s in 2019 WASSCE, says best candidate in West Africa

Jonathan Nkansah, a Ghanian student resident in Nigeria, emerged the overall best candidate in West Africa in the West African Senior School Certificate Examination (WASSCE). He and Emmanuel, his father, speak with TheCable about his academic journey. TheCable: Can you tell us about yourself? Jonathan: I am Jonathan Awuah Nkansah. My family and I come from Ghana, that is where I was born. [...]

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    Kalu was 38 and Ganjude is 70 — but what’s age got to do with it?

Kalu was 38 and Ganjude is 70 — but what’s age got to do with it?

David Umahi, governor of Ebonyi state, recently said he would not support any governorship candidate older than him to be his successor in 2023. Umahi, who is 56 years old, will be 59 by then. He is not alone. A common refrain by many Nigerians when discussing political leadership in the country has been the “recycling of old, tired leaders without fresh [...]

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    IN FULL: $1.25bn for Abuja rail, $500m for NTA — Buhari’s $22.7bn loan spending plan

IN FULL: $1.25bn for Abuja rail, $500m for NTA — Buhari’s $22.7bn loan spending plan

The senate has approved President Muhammadu Buhari's $22.7 billion loan request -- years after it was rejected by the previous assembly. At its plenary session on Thursday, the upper legislative chamber approved the 2016-2018 external borrowing plan which the president said would be used for critical projects across the country. TheCable understands Nigeria's public debt profile stands at N26.215 trillion as of September 2019. According [...]

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    OBITUARY: Jack Welch, son of a train conductor who rose to become America’s ‘manager of the century’

OBITUARY: Jack Welch, son of a train conductor who rose to become America’s ‘manager of the century’

Controversial, ruthless, intrepidly daring and successful are mere succinct words to describe Jack Welch, former chairman and chief executive officer of General Electric (GE), an American multinational conglomerate, who died in his home on Sunday at the age of 84. Unarguably one of America's leading business leader, Welch, a former newspaper delivery boy and only child of a railroad conductor [...]

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    PROFILE: Nweze, the supreme court judge who opposed colleagues over Ihedioha

PROFILE: Nweze, the supreme court judge who opposed colleagues over Ihedioha

One judge stood out during the ruling on the application filed by Emeka Ihedioha, a former governor of Imo state. Ihedioha had asked the apex court to review its judgement on his removal from office but while majority of the seven-man panel disagreed with him, Chima Nweze, found merit in the application. In his dissenting judgment, Nweze asked the court to [...]

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    THE INSIDER: N’assembly clerk to spend five more years — despite hitting retirement age

THE INSIDER: N’assembly clerk to spend five more years — despite hitting retirement age

Sani Omolori, clerk of the national assembly, will remain in office despite attaining the legal requirement for retirement, TheCable can report. Omolori, who started his civil service career on February 6, 1985, was due to retire last month but will stay for another five years after an amendment of the conditions of service of the national assembly staff -- considered to [...]

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    FACT CHECK: Does malaria kill 822 Nigerians daily as Garba Shehu claimed?

FACT CHECK: Does malaria kill 822 Nigerians daily as Garba Shehu claimed?

Garba Shehu, presidential spokesman, took a jab at the media on Sunday, saying they have not been giving the same attention on coronavirus to the malaria epidemic in the country. Writing via his Twitter handle, Shehu, President Muhammadu Buhari’s senior special assistant (media and publicity), also said the country suffers 822 deaths from malaria daily. "This morning’s newspapers, all of them have [...]

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    EXCLUSIVE: Inside details of Bagudu’s $155m settlement deal with the FG

EXCLUSIVE: Inside details of Bagudu’s $155m settlement deal with the FG

Abubakar Atiku Bagudu, governor of Kebbi state and former senator, has been in the news lately over plans by the US to help Nigeria repatriate $308 million from the British Island of Jersey. The funds are part of the billions of dollars traced to Sani Abacha, the late military dictator who ruled Nigeria from November 1993 till his sudden death in [...]

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    TIMELINE: From stretcher to ambulance — Metuh’s long journey to prison

TIMELINE: From stretcher to ambulance — Metuh’s long journey to prison

On Tuesday, a federal high court in Abuja found Olisa Metuh, a former spokesman of the Peoples Democratic Party (PDP), guilty of money laundering. The Economic and Financial Crimes Commission (EFCC) had arraigned Metuh on seven counts of money laundering for allegedly receiving N400 million from the office of the national security adviser. His company, Destra Investment Limited, was liquidated as the [...]

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    FLASHBACK: Obasanjo described deal to cede $100m to Abacha family as hardest decision of his life

FLASHBACK: Obasanjo described deal to cede $100m to Abacha family as hardest decision of his life

In 2002, the administration of ex-President Olusegun Obasanjo signed an agreement ceding $100 million to the family of Sani Abacha in exchange for the return of $1 billion ill-gotten wealth traced to the late military dictator. The deal, Obasanjo said at the time, was the “hardest decision” he had to make in his life. Abacha, who served as Nigeria’s head of state from [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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