Wednesday, September 19, 2018
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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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    INTERVIEW: Why I enrolled my son in a mechanic workshop, by Kunle Afolayan

INTERVIEW: Why I enrolled my son in a mechanic workshop, by Kunle Afolayan

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    CLOSE-UP: This is Zainab Ahmed — the new finance minister who schooled in Ogun state

CLOSE-UP: This is Zainab Ahmed — the new finance minister who schooled in Ogun state

An accountant and a woman with Ogun state connection -- is Zainab Shamsuna Ahmed, acting minister of finance, the new Kemi Adeosun (minus the NYSC bit)?Like Adeosun, she studied accounting. She holds a degree in accounting from the Ahmadu Bello University, Zaria, and a master’s in business administration from Ogun State University -- Adeosun's home state.Ahmed was on Friday appointed by President Muhammadu Buhari [...]

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    The rise and fall of Kemi Adeosun

The rise and fall of Kemi Adeosun

When Kemi Adeosun was appointed into the cabinet of President Muhammadu Buhari in 2015, she must have thanked her stars without knowing that a day like this would come. Not every commissioner ends up being a minister, hence after working under Ibikunle Amosun, governor of her home state of Ogun, Adeosun could have thought of other jobs but not succeeding [...]

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    Adeosun: DSS cleared my NYSC exemption certificate — but I accept my fate

Adeosun: DSS cleared my NYSC exemption certificate — but I accept my fate

Kemi Adeosun says her NYSC exemption certificate was screened and cleared by the Department of State Services (DSS) before she was appointed minister by President Muhammadu Buhari in 2015. In her resignation letter dated September 14, 2018, she said she had no reason to believe her certificate was not genuine until it was reported by an "online medium" -- a veiled [...]

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    Buhari accepts Adeosun’s resignation, names Zainab Ahmed as replacement

Buhari accepts Adeosun’s resignation, names Zainab Ahmed as replacement

President Muhammadu Buhari on Friday accepted the resignation of Kemi Adeosun as minister of finance. The president also approved that Zainab Ahmed, the minister of state for budget and national planning, should oversee the ministry immediately. This was contained in a statement by Femi Adesina, presidential spokesman.In her resignation letter, the former minister thanked Buhari for giving her the opportunity to serve.She [...]

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    I don’t believe Tinubu will stop me, says Sanwo-Olu

I don’t believe Tinubu will stop me, says Sanwo-Olu

Babajide Sanwo-Olu, an All Progressives Congress (APC) governorship aspirant in Lagos state, says he does not believe that Bola Tinubu, a national leader of the party, would ask him to drop his ambition.Sanwo-Olu has the backing of Mandate Movement, a group loyal to Tinubu.Speaking with reporters on Friday, the APC aspirant highlighted some of the plans he has for the [...]

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    Bichi takes control of DSS, seeks cooperation among staff

Bichi takes control of DSS, seeks cooperation among staff

Yusuf Bichi, the new director-general of Department of State Services(DSS), took control of the secret service on Friday.Peter Afunanya, spokesman of the agency, said Bichi addressed the management of the organisation at the DSS headquarters in Abuja.He solicited support of members of the agency.“While calling for stronger ties among the staff, he pledged to work with them as a team," [...]

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    EFCC vows to punish operatives who raided Standard Chartered Bank

EFCC vows to punish operatives who raided Standard Chartered Bank

The Economic and Financial Crimes Commission (EFCC) has promised to investigate the raid on the head office of Standard Chartered Bank in Lagos, saying the officers involved would be "subjected to internal disciplinary measures".Wilson Uwujaren, spokesman of the agency, disclosed this in a statement issued hours after the raid.TheCable had reported how some officials of the anti-graft agency stormed the [...]

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    EFCC officials storm head office of Standard Chartered Bank

EFCC officials storm head office of Standard Chartered Bank

Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday.A source at the bank confirmed this to TheCable, saying some customers were escorted out of the premises located at Ahmadu Bello Way, Victoria Island, during the operation.Olasupo Shasore, former commissioner for justice in Lagos, said EFCC operatives were at the [...]

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Exchange Rates

September 18, 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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