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Nigeria mops N12.6 Trn in H1 oil income
Eyes N20.4 trn in 2022 Sopuruchi Onwuka Nigeria has accumulated princely $21 billion or some N12.6 trillion oil income in the first seven months of the year, posting an outlook of significant $37 billion or N20.4 trillion for the year….
NCDMB delivers vocational centre to University of Ibadan
Harps on Technical Education The Nigerian Content Development and Monitoring Board (NCDMB) weekend handed over a newly developed Vocational School to the University of Ibadan for grooming of technical skills for application in domestic industrial sector. The Oracle Today reports…
FG, electricity workers reach truce, suspend strike
Total national blackout was averted yesterday after the officials of the Ministry of Labour and Productivity engaged electricity workers union in a fruitful negotiation to resolve demands that led to a strike which was capable of pulling down the already…
Factors that stoke runaway inflation in Nigeria
Sopuruchi Onwuka Rising insecurity at fishing hubs in the northern parts of the country is compounded by Ukrainian export holdup and rising petrol prices to push Nigeria’s inflation to pre-2005 highs, amplifying how Putin’s war decisions aggravated Buhari’s bad policies…
African Business Roundtable, Afreximbank conclude online masterclass
The African Business Roundtable (ABR) and the African Import-Export Bank (Afreximbank) have rounded off the coordinated Project Preparation Masterclass webinar for businesses in the continent. The masterclass which held last week was designed to bring business projects to fruition. According…
Seplat cleared for $1.6 bn MPNU acquisition
Sopuruchi Onwuka Indigenous energy independent multinational, Seplat Energy Plc, is finally on its way to become a major player in the Nigerian petroleum industry following eventual ministerial approval for the company to proceed with acquisition of a local upstream affiliate…
Buhari’s govt owes $47 Billion to the Nation’s Central Bank
Nigeria said it owes 20 trillion naira ($47 billion) to its central bank and the obligations are yet to be added to the African nation’s outstanding public debt, according to a report by the budget office. The debt figure is…
Dangote, Adenuga, Rabiu dominate Africa’s billionaire index
Sopuruchi Onwuka Chairman of Dangote Group, Aliko Dangote, is in comfortable position as Africa’s richest man, West Africa’s leading billionaire and Nigeria’s wealth symbol. Besides just being a dollar billionaire, Aliko owns and runs Africa’s biggest manufacturing industries, being the…
Capacity crunch: OPEC+ squeezes additional 100 kbd output
The world’s major oil producers hosted in the Organization of Petroleum Countries (OPEC) and its nonmember coalition countries will increase their controlled oil output by only 100,000 barrels per day under the its scheduled supply restoration. OPEC and its allies,…
OPEC+ posts 2.84 mbd underproduction in June
Sopuruchi Onwuka Hopes that the Organization of Petroleum Exporting Countries (OPEC) and its coalition members can rapidly rise to the challenge of supply gaps in the international oil market is beginning to fade as gaps between the groups output projections…
