Wednesday, September 18, 2019
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    Buhari: Boko Haram acquires sophisticated weapons with ease

Buhari: Boko Haram acquires sophisticated weapons with ease

President Muhammadu Buhari has told West African leaders that the ease with which terrorist groups, including Boko Haram access funds and acquire sophisticated weapons is a serious concern.Buhari said this during the extraordinary summit of ECOWAS heads of state and government on counter-terrorism, taking place in Burkina Faso.The president said though West African countries have made significant progress in combating [...]

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    Don’t sell property — court tells Okorocha after lifting forfeiture order

Don’t sell property — court tells Okorocha after lifting forfeiture order

A federal high court in Rivers state has ordered Rochas Okorocha, former governor of Imo, not to sell the properties under investigation by the Economic and Financial Crimes Commission (EFCC).J.K, Omotosho, the judge, gave the ruling on Friday.The EFCC had obtained a court order for the interim forfeiture of some assets traced to Okorocha.In a statement on Saturday, Wilson Uwujaren, [...]

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    Report: How Belgore, former CJN, helped P&ID win $9.6bn judgement against Nigeria

Report: How Belgore, former CJN, helped P&ID win $9.6bn judgement against Nigeria

Alfa Belgore, a former chief justice of Nigeria (CJN), provided one of the key legal arguments used by the Process and Industrial Developments (P&ID) Limited, an Irish engineering company, in securing the award of $9.6 billion (N3.2 trillion) against Nigeria, a PREMIUMTIMES report says.A UK tribunal accepted Belgore’s opinion in ruling that the British Virgin Island firm is entitled to $6.6billion [...]

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    OBITUARY: Okonjo, the expert who lectured in Soviet Union and touched many lives in his kingdom

OBITUARY: Okonjo, the expert who lectured in Soviet Union and touched many lives in his kingdom

If not for politics, Ngozi Okonjo-Iweala, a former minister of finance, would have become president of the World Bank. Oh well, this is the sentiment of Chukwuka Okonjo, her father, who passed away on Friday at the age of 91. Indeed, at some point, there were speculations his daughter, who had risen to the number two position at the institution, could [...]

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    Report: Soldiers hide in homes as ‘stronger’ Boko Haram now uses drones

Report: Soldiers hide in homes as ‘stronger’ Boko Haram now uses drones

Nigerian soldiers fighting Boko Haram in Borno are losing motivation and struggling to match the insurgents’ might, according to the New York Times.The NYTimes said in a new report that contrary to the claims of the Nigerian government and the military that Boko Haram has been degraded, the insurgents’ power is growing in parts of the north-east.They are said to [...]

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    Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

Zainab Ahmed, minister of finance, budget and national planning, says the federal executive council (FEC) approved an increase in value added tax (VAT) from 5% to 7.5% and not 7.2% which was announced earlier.On Wednesday, the minister told state house correspondents at the end of the cabinet meeting that the FEC approved the increase to 7.2%, which is now subject [...]

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    Adeboye shares his civil war experience in Nsukka

Adeboye shares his civil war experience in Nsukka

Pastor Enoch Adeboye, general overseer of the Redeemed Christian Church of God, has revealed how he was saved during the Nigerian Civil War.Appealing to Nigerians against reprisal attacks on South Africans over recent xenophobic attacks on Nigerians in South Africa during the September Holy Ghost Service of the church at the Redemption Camp, he said his experience at the University [...]

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    NFIU writes banks, seeks account details of ALL judges, n’assembly members

NFIU writes banks, seeks account details of ALL judges, n’assembly members

The Nigerian Financial Intelligence Unit (NFIU) has requested banks to forward the account details of all legislative and judiciary officials in the country.In a letter dated September 10, 2019, a copy of which was seen by TheCable, the NFIU said the information being sought include account names and numbers of the officials.The reason for the request was not given in the letter [...]

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    DOWNLOAD: Tribunal’s verdict on Atiku’s petition against Buhari

DOWNLOAD: Tribunal’s verdict on Atiku’s petition against Buhari

In what a lawyer described as the longest court sitting in the history of Nigeria, the presidential election tribunal spent over eight hours delivering judgement on the petition Atiku Abubakar filed to challenge the victory of President Muhammadu Buhari in the 2019 general election.Atiku ran on the platform of the Peoples Democratic Party (PDP) while Buhari contested under the All [...]

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    Pinnick’s Lagos residence placed under ICPC investigation

Pinnick’s Lagos residence placed under ICPC investigation

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has placed the Lagos residence of Amaju Pinnick, president of the Nigerian Football Federation (NFF) under investigation.TheCable understands that officials of the commission placed the house inside Parkview estate in Ikoyi, a highbrow area in Lagos, under investigation because of corruption allegations levelled against Pinnick.Earlier on Friday, the commission had [...]

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Exchange Rates

September 16, 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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