Sunday, February 25, 2018
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    ‘Herdsmen need re-orientation’, ‘It’s time for state police’ – five things IBB told Buhari

‘Herdsmen need re-orientation’, ‘It’s time for state police’ – five things IBB told Buhari

Less than two weeks after ex-President Olusegun Obasanjo advised President Muhammadu Buhari against seeking re-election in 2019, former military President Ibrahim Babangida has made known his own position.In a statement on Sunday, Babangida asked Nigerians to co-operate with Buhari until his tenure ends in 2019.According to him, Nigeria needs a new breed of leadership. He said the time had come [...]

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    EXCLUSIVE: ‘FG should have a stake in OPL 245’, ‘EFCC charges unsustainable’ — Malami writes Buhari

EXCLUSIVE: ‘FG should have a stake in OPL 245’, ‘EFCC charges unsustainable’ — Malami writes Buhari

Abubakar Malami, attorney-general of the federation (AGF), has advised President Muhammadu Buhari that Nigeria should have a stake in the prolific OPL 245.The oil block, considered to be the richest in Africa, was awarded to Malabu Oil & Gas Ltd in 1998 and after a series of controversy, Malabu sold 100% to Eni (Agip) and Shell.An estimate says OPL 245 [...]

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    INVESTIGATION: How electricity distribution officials racketeer, extort customers in need of prepaid meters

INVESTIGATION: How electricity distribution officials racketeer, extort customers in need of prepaid meters

Disguised, for two weeks, as a desperate customer in need of a prepaid meter, TAIWO ADEBULU investigates racketeering rings among officials of Ibadan Electricity Distribution Company (IBEDC). In this report, he details how the officials source for prepaid meters from local producers, vend them in the black market to extort customers who can part with a huge sum for the [...]

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    CLOSE-UP: Buhari’s CPC ally, ex-PDP chairman — top politicians who ‘launched’ Coalition for Nigeria Movement

CLOSE-UP: Buhari’s CPC ally, ex-PDP chairman — top politicians who ‘launched’ Coalition for Nigeria Movement

Top political figures stormed the Musa Yar’Adua Centre in Abuja on Wednesday morning for the launch of the Coalition for Nigeria Movement (CNM).The launch took place one week after former President Olusegun Obasanjo said neither the ruling All Progressives Congress nor the Peoples Democratic Party (PDP), where he served his two terms as president, could “rescue” the country.In a letter [...]

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    INTERVIEW: We’ll use Abacha loot to fund cash transfer to Nigerians, says Maryam Uwais

INTERVIEW: We’ll use Abacha loot to fund cash transfer to Nigerians, says Maryam Uwais

Maryam Uwais, special adviser to the president on social investment, is at the centre of President Muhammadu Buhari's social protection programmes, such as N-Power, cash transfer and national school feeding. The legal practitioner and human rights activist graduated with an LL.B from the Ahmadu Bello University Zaria in 1980 and was called to the bar in 1981. She is a 2014 [...]

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    INTERVIEW: We’ll forget Biafra on one condition, says IPOB spokesman

INTERVIEW: We’ll forget Biafra on one condition, says IPOB spokesman

For some years now, the Indigenous People of Biafra (IPOB) has been on the forefront in the struggle for the creation of a sovereign state. With the absence of Nnamdi Kanu, its leader, during the time of Operation Python Dance, as well as the branding of the group as a terrorist organization, many believe the end is near for the group. But [...]

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    EXCLUSIVE: Kola Aluko plays ‘cat and mouse’ with US over seizure of his $80m yacht

EXCLUSIVE: Kola Aluko plays ‘cat and mouse’ with US over seizure of his $80m yacht

The United States government is finding it difficult to seize Kola Aluko's $80m yacht moored near Cancun, Mexico, despite a court order, TheCable can report.The US District Court Southern District of Texas, Houston Division, had, on July 14, 2017, ordered the seizure of Aluko's assets worth $144 million -- including the 200-foot yacht famously used by Jay Z and Beyonce [...]

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    OBITUARY: Musdapher, the eminent jurist whose ‘stealing is not corruption’ quote was misused by Jonathan

OBITUARY: Musdapher, the eminent jurist whose ‘stealing is not corruption’ quote was misused by Jonathan

If you can't paste, don't copy.When President Goodluck Jonathan said "stealing is not corruption" in one of his presidential media chats on national TV, he broke that rule. The famous statement would later play an important role in the campaign against him in 2015, and his failure to get re-elected is partly blamed on his perceived comfort with corruption.But Jonathan, [...]

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    Abacha Loot: Cable Foundation sues AGF over noncompliance with FoI act

Abacha Loot: Cable Foundation sues AGF over noncompliance with FoI act

The Cable Newspaper Journalism Foundation (CNJF) has sued the attorney-general of the federation (AGF) over his failure to respond to a freedom of information (FoI) request on the engagement of lawyers for the recovery of stolen funds.The case, with suit number FHC/ABJ/CS/27/2018, was filed by Kusamotu & Kusamotu law chambers at a federal high court in Abuja, on January 10, [...]

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    From Ghana to Ivory Coast: How herdsmen have been wreaking havoc across Africa

From Ghana to Ivory Coast: How herdsmen have been wreaking havoc across Africa

Clashes between farmers and nomadic herders across West Africa are beginning to look like the norm, with each country taking its share of the violence. Residents of Logo and Guma communities in Benue state, Nigeria, entered 2018 on a sad note.Suspected herdsmen invaded communities in the areas and by the time the dust settled on an attack, over 70 people had been [...]

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Exchange Rates

Feb 23, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS364497448
KANO364495430
PH363498435
ABUJA365497434
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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