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Nigeria’s inflation overshoots to near-two-decade high in July
Sopuruchi Onwuka Nigeria’s inflation on global ratings jumped by 1.3 percent in one month to reach troubling 24.1 percent just one month after the new government of President Bola Tinubu came into office and pulled all the price triggers in…
Seplat offers development partnership to Edo State
Sopuruchi Onwuka Seplat Energy Plc and the Edo State government have agreed to deepen their partnership towards improved social, economic and environmental development. The partnetship was part of the discussions during a courtesy visit to the Executive Governor of Edo…
ACFTA: China’s $160 bn package to fund African industrialization
Sopuruchi Onwuka New race for African governments in the ongoing Chinese loan disbursements would be to advance industrial propositions that would enable flow of local goods and services in the toll free African Continental Free Trade Area (ACFTA), shifting the…
Diezani: Who goes to jail?
Sopuruchi Onwuka The pressing of charges on Mrs Diezani Alison-Madueke, now popularly known as Diezani, is set to burst a can of worms in the lingering intrigues that held millions of Nigerians spellbound over drawn out corruption case involving millions…
Amend EPSRA, PIA to fix distressed power sector, El-Rufai warns
Sopuruchi Onwuka Former governor of Kaduna State, Mallam Nasir El-Rufai, declared that the laws governing operations in the power and petroleum sectors should be aligned to salvage the increasingly distressed and illiquid electricity supply industry. Mallam El-Rufai stated that the…
Comparative data challenges NNPC’s import claims
Sopuruchi Onwuka Market data from S&P Global Commodities at Sea have revealed that Nigeria’s petrol import in May averaged just 205,200 b/d or 32,595,000 liters in May, validating reports by The Oracle Today that the about 70 million liters regularly…
NCDMB lays template for Africa’s resource optimization
Sopuruchi Onwuka Nigeria has continued to provide credible guides to new African petroleum producers on optimization of resource value, empowering industry regulators and political leaders with critical lessons on averting resource curse. The Executive Secretary of the Nigerian Content Development…
Nigeria tops “Most Dangerous Countries in the World in 2023”
Sopuruchi Onwuka Nigeria’s disrepute in the international investment stage has been further worsened by its ranking as the most dangerous country in the world for investors. According to the gradation by Insider Monkey which provides high quality evidence based advisory…
CBN in secret $8 bn deals with Goldman, JPMorgan
Granted unofficial N22.9 tn debt to Buhari’s govt Nigeria’s central bank disclosed huge $8.0 billion deals with JP Morgan and Goldman Sachs in documents that also confirmed it illegally advanced massive N23.18 trillion instead of statutory N252 billion to the…
Tinubu’s forex blunder sends inflation soaring
Sopuruchi Onwuka The Naira fell to a new low on Friday as new gaps begin to emerge between official rates and the parallel market despite despite the executive fiat by the new administration of Alhaji Bola Tinubu to enforce a…
