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    OBITUARY: David-West, the petroleum minister IBB fired for drinking tea

OBITUARY: David-West, the petroleum minister IBB fired for drinking tea

Professor. Commissioner. Two-time minister under military regimes. And a Special guest at Nigerian prisons. Very few men in Nigeria's history can boast of such a mix of professional dexterity and political ups and downs. The indomitable Tam David-West, as President Muhammadu Buhari fondly calls him, will be remembered for many things in Nigeria's modern history, including for nights at the Kirikiri [...]

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    OBITUARY: Falomo, Abiola’s physician who taught Fela a life-long lesson

OBITUARY: Falomo, Abiola’s physician who taught Fela a life-long lesson

In the wake of the annulment of the 1993 presidential election, Moshood Abiola, presumed winner of the poll, was detained for four years, largely in solitary confinement, after declaring himself as Nigeria’s president-elect. While the military had planned to detain him at a secret facility, one man reportedly made the location public, and the man is Ore Falomo, who joined [...]

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    ‘Suffered a major blow under Obasanjo’ — five things we never knew about Mamman Daura

‘Suffered a major blow under Obasanjo’ — five things we never knew about Mamman Daura

Mamman Daura, President Muhmmadu Buhari's nephew, crossed into the octogenarian league on Saturday and one of his children penned a tribute for him. In the piece about Daura whom she described as an "extraordinarily man", Fatima  shared a lot of information which many do not know about her father.Here are five highlights from the piece:HAS JUST ONE SON LIKE BUHARIDaura and Buhari [...]

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    FLASHBACK: In 2015, Falana campaigned for a review of the PSC Act

FLASHBACK: In 2015, Falana campaigned for a review of the PSC Act

On Monday, President Muhammadu Buhari assented to an amendment bill that reviewed the deep offshore and inland basin production sharing contract (DOIBPSC).The amendment is expected to earn Nigeria an extra $1.4 billion in oil revenue per annum because of the new terms.Before now, the exploration companies did not pay any royalty on oil found 1000 metres in water depth. This [...]

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    EXPLAINER: What’s the big deal about this ‘$1.4bn PSC law’ just signed by Buhari?

EXPLAINER: What’s the big deal about this ‘$1.4bn PSC law’ just signed by Buhari?

There has been so much noise about the amendment of PSCs in the deep offshore and inland basin production sharing contract (DOIBPSC) law which President Muhammadu Buhari signed on Monday. What’s PSC, for goodness sake?In the late 1980s and early 1990s, oil prices were very low and Nigeria was struggling to meet its cash-call obligations to the joint ventures (JVs) with [...]

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    OBITUARY: Mobolaji Johnson, the governor who developed Lagos with £10,000

OBITUARY: Mobolaji Johnson, the governor who developed Lagos with £10,000

While children of his age were pacing up and down to school, Mobolaji Johnson could not walk -- at the age of four -- owing to a diarrhoea that nearly snuffed the life out of him.By 31, he was appointed the military administrator of Lagos, and he subsequently became the first governor of the state.Johnson, at different points in his [...]

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    In flooded Lagos community, canoe replaces Uber and children are on forced holiday

In flooded Lagos community, canoe replaces Uber and children are on forced holiday

More than two weeks after a downpour in Lagos, Esther Abu and her children are still counting their losses as they watch their belongings floating in a stagnant pool. In five years that Abu has lived in Owode Elede, along Ikorodu road in Lagos, the recent flooding is the worst. Apart from finding it hard to get where to lay her [...]

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    FACT CHECK: Did CIA predict Nigeria would collapse in 2015 as Jega said?

FACT CHECK: Did CIA predict Nigeria would collapse in 2015 as Jega said?

Attahiru Jega, a former chairman of the Independent National Electoral Commission (INEC), made headlines on Wednesday when he made some claims.Jega was speaking at Tell magazine's 20 years of democracy conference in Abuja.The professor spoke on how there is a "trust deficit" in the electoral system and ways to bridge that gap.But he also said that the US Central Intelligence [...]

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    UNDERCOVER INVESTIGATION (III): A reporter’s diary — Living with a ‘mad’ cell mate, set up by prison warders, abducted by the police

UNDERCOVER INVESTIGATION (III): A reporter’s diary — Living with a ‘mad’ cell mate, set up by prison warders, abducted by the police

Investigative journalist ‘FISAYO SOYOMBO spent two weeks in detention — five days in a Police cell and eight as an inmate in Ikoyi Prison — to track corruption in Nigeria’s criminal justice system, beginning from the moment of arrest by the Police to the point of release by the prison. To experience the workings of the system in its raw [...]

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    UNDERCOVER INVESTIGATION (II): Drug abuse, sodomy, bribery, pimping… The cash-and-carry operations of Ikoyi Prisons

UNDERCOVER INVESTIGATION (II): Drug abuse, sodomy, bribery, pimping… The cash-and-carry operations of Ikoyi Prisons

Investigative journalist ‘FISAYO SOYOMBO spent two weeks in detention — five days in a Police cell and eight as an inmate in Ikoyi Prison — to track corruption in Nigeria’s criminal justice system, beginning from the moment of arrest by the Police to the point of release by the prison. To experience the workings of the system in its raw [...]

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Exchange Rates

November 06, 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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