Thursday, February 21, 2019
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    US-trained PR expert, Arsenal fan… meet Issa-Onilu, the new APC image maker

US-trained PR expert, Arsenal fan… meet Issa-Onilu, the new APC image maker

On Friday, the All Progressives Congress (APC) announced Lanre Issa-Onilu as its new national publicity secretary, taking over from Yekini Nabena who had been in acting capacity since Bolaji Abdullahi left the party.The new APC image maker is a specialist in strategic public communications planning, with years of experience in corporate and political communications as well as policy analysis and development [...]

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    CLOSE-UP: Peter Obi, the billionaire who flies economy class

CLOSE-UP: Peter Obi, the billionaire who flies economy class

He owns a bank, controls many international franchises in Nigeria and has shares worth billions of naira in blue chip companies -- but you are more likely to run into Peter Gregory Obi on a commercial flight than a private jet. You could even meet him sitting comfortably in economy class when he cannot get seats in business. Obi is [...]

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    IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

President Muhammadu Buhari on Wednesday signed an executive order directing Nigerian taxpayers to voluntarily declare and pay tax on their offshore assets.The new executive order No. 8 is tagged Voluntary Offshore Assets Regularisation Scheme (VOARS) and went into effect same day the president signed it.It is still being debated if such a major tax reform should come in form of [...]

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    CLOSE-UP: Atiku’s children call him ‘Daddy Cool’, but will things be calm at 5th attempt?

CLOSE-UP: Atiku’s children call him ‘Daddy Cool’, but will things be calm at 5th attempt?

According to his children, Atiku Abubakar is always calm at home -- no matter the situation and no matter the pressure. So cool that they adopted the title of Boney M's  1976 hit song, Daddy Cool, to describe him. TheCable understands that "Daddy Cool" is Atiku's nick-name among his children. He must be cool indeed. For 25 years, he has sought to be [...]

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    REPORTER’S DIARY: ‘419 votes’, hours in the jungle and other tales of Osun poll

REPORTER’S DIARY: ‘419 votes’, hours in the jungle and other tales of Osun poll

Some stories are better left untold, for the sour memory it evokes leaves the heart totally repugnant to the most trivial of synonymous narratives. They haunt not only to the soul that harbour them. For a journalist, such stories cannot wither. They must be nourished and told. While the Osun state governorship election was to a large extent successful, the rerun [...]

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    FACT CHECK: Shittu lied! 1979 constitution did NOT contradict NYSC act

FACT CHECK: Shittu lied! 1979 constitution did NOT contradict NYSC act

On Thursday, it was revealed that Adebayo Shittu, minister of communications, failed to participate in the National Youth Service Corps (NYSC) scheme. According to Premium Times, Shittu skipped the compulsory programme after graduating from the University of Ife (now Obafemi Awolowo University, OAU), though he finished school below the required minimum age of 30.Upon graduation from the Nigerian Law School, Lagos, [...]

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    INVESTIGATION: How soldiers fighting Boko Haram beg for food and sleep in classrooms

INVESTIGATION: How soldiers fighting Boko Haram beg for food and sleep in classrooms

______________________________________________________________________________STORY HIGHLIGHTSSoldiers deployed in the special force unit do not have barracks, they sleep in classrooms Many soldiers in Maimalari barracks construct zinc houses for themselves Poor feeding of soldiers across the barracks in Maiduguri and the units in the bushes Soldiers on the frontline are owed operational allowance and do not get hazard/danger allowance______________________________________________________________________________Gandoki, a corporal with the [...]

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    CBN to refund N1.3trn to MTN? A dummy’s guide to the ‘dividend’ saga

CBN to refund N1.3trn to MTN? A dummy’s guide to the ‘dividend’ saga

The Central Bank of Nigeria (CBN) recently called out MTN, Nigeria’s largest telecommunications company, over repatriation of dividends, asking the telco to refund the $8.1 billion.Four banks were fined N5.8 billion for allegedly issuing irregular certificates of capital importation (CCI) to the company which made the repatriation possible.There seems to be some form of resolution in sight as the CBN is now reviewing [...]

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    How they stand: The four major contenders in Osun election

How they stand: The four major contenders in Osun election

Saturday's governorship election in Osun state is unique not because it goes into history as the first to be contested by 48 candidates but for the fact that unlike most two-way horse race, there are four strong candidates. Political pundits say any of these four individuals could emerge as the successor of Rauf Aregbesola, the incumbent governor.There are 1,682,495 registered voters [...]

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    REVEALED: Ambulances were used to move cash during Obasanjo’s third term bid

REVEALED: Ambulances were used to move cash during Obasanjo’s third term bid

Aso Rock, Nigeria’s seat of power, used ambulances to complement bullion vans when moving cash around during the administration of ex-President Olusegun Obasanjo.The practice was said to have reached its peak in the heat of Obasanjo's quest for a third term, according to a new book titled ‘Too Good to Die: Third Term and the Myth of the Indispensable Man [...]

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Exchange Rates

February 18, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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