Saturday, July 13, 2019
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    Appeal court orders FG to release Dasuki, reviews his bail conditions

Appeal court orders FG to release Dasuki, reviews his bail conditions

The court of appeal sitting in Abuja has granted Sambo Dasuki, former national security adviser (NSA), a N100 million bail.In a certified true copy (CTC) of a judgement dated July 10 and seen  by TheCable, the appellate court asked the retired colonel to provide sureties in like sum.The suit marked CA/A/806/2018 has the director-general of Department of State Services [...]

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    FG cancels ALL foreign printing contracts for Nigerian passports

FG cancels ALL foreign printing contracts for Nigerian passports

President Muhammadu Buhari has cancelled all e-passport printing contracts abroad, saying that it will now be the sole responsibility of the Nigerian Security Printing & Minting Company (NSPMC).Femi Adesina, special adviser to the president on media and publicity, made this known in a statement released on Thursday.This new directive means all existing contracts concerning printing passports and other documents will [...]

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    EXTRA: Customs officer promotes self to CG, asks Hameed Ali to hand over

EXTRA: Customs officer promotes self to CG, asks Hameed Ali to hand over

Nura Dahiru, an assistant superintendent of customs, on Monday promoted himself to the rank of deputy comptroller-general of Customs (DCG), claiming he was directed by President Muhammadu Buhari to assume the office of comptroller-general (CG). Sources at the Customs headquarters in Abuja told TheCable that Dahiru walked in Monday morning wearing the new rank, and went into the office of Hameed [...]

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    34-year-old Unilorin graduate is youngest SAN ever

34-year-old Unilorin graduate is youngest SAN ever

Muyiwa Atoyebi, a graduate of the University of Ilorin, is among the 38 lawyers to be conferred with the senior advocate of Nigeria (SAN) title.Aged 34, Atoyebi is the youngest Nigerian lawyer elevated to that height.In a statement, Hadizatu Mustapha, secretary of the Legal Practitioners’ Privileges Committee (LPPC) said the new SANs would be sworn in during the 2019/2020 new legal [...]

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    Egypt slashes fuel subsidy to ease economic pressure

Egypt slashes fuel subsidy to ease economic pressure

The Egyptian government has slashed fuel subsidies in a bid to ease pressure on public finances.The development, which took effect on Friday, is part of its three-year economic overhaul backed by the International Monetary Fund (IMF) to curb government spending.Before the slashing, gasoline, diesel, kerosene and fuel oil were sold at 85-90 percent of their international cost.The development will raise [...]

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    Northern coalition gives governors 30-day ultimatum to adopt Ruga

Northern coalition gives governors 30-day ultimatum to adopt Ruga

The coalition of northern groups (CNGs) has issued a strong warning to governors who are opposed to the Ruga settlement programme to reconsider their decision within 30 days.The federal government had announced the suspension of the Ruga initiative it proposed to resolve the clashes between farmers and herdsmen.This was after the controversy that had trailed the project since it was announced in June. [...]

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    Ruga might spark off an explosion, says Soyinka

Ruga might spark off an explosion, says Soyinka

Wole Soyinka, Nobel laureate, says the proposed Ruga settlement of the federal government is not the best approach to resolving the herders-farmers crisis.The federal government had proposed the idea as a means of addressing the incessant clashes between cattle rearers and farmers.However, many stakeholders, including the Niger Delta elders and some governors, have opposed it.Lending his voice to discredit the [...]

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    ‘The Holy Spirit has spoken to me’ — Fatoyinbo mounts pulpit

‘The Holy Spirit has spoken to me’ — Fatoyinbo mounts pulpit

Biodun Fatoyinbo, founder of the Commonwealth Zion Assembly (COZA), has announced a suspension of a seven-day programme of the church, saying the "Holy Spirit" directed him to do so.Tagged "Seven Days of Glory", influential preachers from the US, including TD Jakes, have graced the annual programme.But speaking when he mounted the pulpit on Sunday, the pastor said he was unhappy [...]

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    VIDEO: COZA pastor raped me at 16, says Busola Dakolo

VIDEO: COZA pastor raped me at 16, says Busola Dakolo

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    TY Danjuma acquires 300-year-old London hotel for N1bn

TY Danjuma acquires 300-year-old London hotel for N1bn

Theophilus Danjuma, a former minister of defence, has acquired a 300-year-old hotel in London for N1 billion.TY Danjuma, as he is popularly referred to, is now worth $1.2 billion according to Bloomberg Billionaires Index.The latest acquisition of the 80-year-old retired army general is a 14-room inn in London.The Kings Arms Hotel is a 300-year-old inn next to Hampton Court Palace, [...]

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    Nigeria on the verge of bankruptcy with heavy subsidy bills, says Sanusi

Nigeria on the verge of bankruptcy with heavy subsidy bills, says Sanusi

Muhammad Sanusi, emir of Kano, says Nigeria is on the verge of bankruptcy following "unfavourable economic policies" which would hamper President Muhammadu Buhari's fight against poverty.Speaking at a workshop organised by the office of the accountant-general of the federation at government house, Kano, the emir opposed subsidising petroleum products and electricity tariff.He advised the Buhari administration to take a different [...]

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    Bank mergers in view as CBN considers recapitalisation

Bank mergers in view as CBN considers recapitalisation

Godwin Emefiele, governor of the Central Bank of Nigeria, says there are plans to carry out a recapitalisation exercise for deposit money banks in the country.Emefiele made this known on Monday while unveiling the five-year plan of the bank.Bank recapitalization is the act of changing the capital structure of a bank to provide more equity funds to meet the bank's [...]

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    Judges now afraid to perform their duties, says NBA president

Judges now afraid to perform their duties, says NBA president

Paul Usoro, president of the Nigerian Bar Association (NBA), says judges in the country are afraid to perform their duties as expected due to fear and intimidation from the executive arm of government.He spoke while delivering an address at the association's national executive committee (NEC) meeting, which held at the NBA secretariat in Abuja, on Thursday.Usoro also spoke about the [...]

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    Festus Adedayo: Whether it hurts Buhari or not, I’ll keep speaking the truth

Festus Adedayo: Whether it hurts Buhari or not, I’ll keep speaking the truth

Festus Adedayo, prominent columnist, has vowed to continue holding politicians to account "no matter whose ox is gored".Reacting to the cancellation of the appointment Senate President Ahmad Lawan offered him, Adedayo said he had no regrets speaking the truth to power.Lawan had withdrawn Adedayo’s appointment after supporters of the All Progressives Congress (APC) kicked against it.They had cited some articles in [...]

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    Ghanaian media demonising our citizens, Nigerian diplomat raises the alarm

Ghanaian media demonising our citizens, Nigerian diplomat raises the alarm

Olufemi Abikoye, Nigeria’s high commissioner to Ghana, has expressed concerns over the manner in which the Ghanaian press has been "priortising" negative reports about Nigerians.In a statement he personally signed, Abikoye appealed to the Ghanaian media to stop referring to Nigerians based in Ghana as a bunch of criminals.He described as terribly worrisome, the action of taking an "insignificant few elements" [...]

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    World population hits 7.7bn as men still outnumber women in Nigeria

World population hits 7.7bn as men still outnumber women in Nigeria

The population of the world hits an estimated 7,713,468,000, the United Nations Population Division said on Monday.According to the World Population Prospect released by the UN on Monday and analysed by TheCable, the medium-variant projection indicates that the global population could grow to around 8.5 billion in 2030, 9.7 billion in 2050, and 10.9 billion in 2100.The raw data obtained by TheCable also [...]

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Exchange Rates

July 12, 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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