Monday, September 24, 2018
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    First Nyame, now Dariye. Who is the next big fish going to jail?

First Nyame, now Dariye. Who is the next big fish going to jail?

Cases of former governors, who have been on corruption trial since 2007, have lingered in courts without meaningful convictions. But things are changing. Two of them, Joshua Dariye (Plateau) and Jolly Nyame (Taraba), have been sentenced to prison without an option of fine.On May 30, Jolly Nyame, former governor of Taraba state, was sentenced to 14 years in prison by [...]

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    AT A GLANCE: Enugu airport, 2nd Niger Bridge… major projects affected by n’assembly’s cuts

AT A GLANCE: Enugu airport, 2nd Niger Bridge… major projects affected by n’assembly’s cuts

President Muhammadu Buhari on Wednesday signed the 2018 budget into law, eight months after he presented the proposal to the national assembly.In his budget signing speech, the president said the national assembly reduced the provisions for some projects and added 6,403 projects of their own to the budget.The provisions for the National Housing Programme, Mambilla power plant, Second Niger Bridge, [...]

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    N2.2trn on debt service, fresh N1.6trn loan, rising oil dependence — 7 troubling facts about 2018 budget

N2.2trn on debt service, fresh N1.6trn loan, rising oil dependence — 7 troubling facts about 2018 budget

After six months in the 2018 fiscal year, President Muhammadu Buhari finally signed the 2018 budget of consolidation into law, thanks to a seven-month delay by the national assembly.The president revealed that the national assembly had inserted 6,403 new projects into arguably the last budget before the 2019 elections, while cutting down on some crucial projects.TheCable reviewed the key content [...]

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    INTERVIEW: I don’t think Obasanjo believes he’s being investigated by Buhari, says Lai

INTERVIEW: I don’t think Obasanjo believes he’s being investigated by Buhari, says Lai

Lai Mohammed, minister of information and culture, says he does not think former President Olusegun Obasanjo believes that he is being investigated by President Muhammadu Buhari.In an exclusive interview with TheCable at Cambridge University, UK, the minister said the former president was just crying foul to distract Nigerians from "the ground-breaking June 12 declaration" by President Buhari.Lai, who delivered the [...]

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    OBITUARY: Ras Kimono, the reggae apostle and lifelong crusader who kept dreadlocks for 36 years

OBITUARY: Ras Kimono, the reggae apostle and lifelong crusader who kept dreadlocks for 36 years

Wielding his blunt message as a weapon, Ras Kimono, while he held sway, dominated the Nigerian music scene and cultivated many-a-acolyte with his conscious songs.The dreadlocked legend lived and breathed reggae in all of its entirety. He used the genre to speak, without ceasing, of the ills of the land and to fight the cause of the oppressed.Even towards the last [...]

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    POSER: Where is Michael Adikwu, the Offa robbery suspect arrested by police?

POSER: Where is Michael Adikwu, the Offa robbery suspect arrested by police?

The fate of Michael Adikwu, the dismissed police corporal who allegedly planned and led the Offa bank heist of April 5, 2018, has become a subject of speculation.The robbery led to 33 fatalities, including pregnant women and 12 police officers.Police initially described Adikwu as "sectional gang leader" when he was declared wanted in connection with the robbery, and was accused [...]

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    FACT CHECK: Is Abiola’s GCFR illegal?

FACT CHECK: Is Abiola’s GCFR illegal?

President Muhammadu Buhari on Wednesday announced the conferment of the Grand Commander of the Federal Republic (GCFR), the highest honour in the land, on Moshood Kashimawo (MKO) Abiola.The president also declared June 12 as Democracy Day. Abiola was the presumed winner of the June 12, 1993 election, reported as the freest and fairest in Nigeria's history.What are national honours?According to the October 1963 [...]

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    THE ARCHIVE: Full result of June 12 election

THE ARCHIVE: Full result of June 12 election

The number one topic in the polity at the moment is June 12, 1993 election, adjudged as freest and fairest in the history of the country.The issue of the election regained prominence following the declaration of June 12 as Democracy Day by President Muhammadu Buhari and the posthumous GCFR award conferred on MKO Abiola, presumed winner of the election.The election [...]

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    OBITUARY: Akanbi, the incorruptible ICPC chairman who was ‘frustrated’ by Obasanjo

OBITUARY: Akanbi, the incorruptible ICPC chairman who was ‘frustrated’ by Obasanjo

"He was an anti-corruption czar who fought the malaise both in and out of office. He lived what he preached and you could see there was no pretence about him." -- Bukola Saraki, Senate President.If death had spared him, Mustapha Akanbi would have hit 86 in a few months, but it was his time. His fight was over. Akanbi was done, [...]

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    REPORTER’S DIARY: With N46,000 bribe, I drove a ‘stolen’ car from Abuja to Lagos, and back!

REPORTER’S DIARY: With N46,000 bribe, I drove a ‘stolen’ car from Abuja to Lagos, and back!

Over two days in April, investigative journalist ‘FISAYO SOYOMBO drove the equivalent of a stolen vehicle from Abuja, Nigeria’s federal capital, to Lagos, the country’s commercial hub. Not only did he arrive Lagos safely with the car, he returned to Abuja scot-free with it — and this is despite passing through a whopping 86 checkpoints in a journey of over [...]

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Exchange Rates

September 24, 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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