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Nigerian business leaders consider drive to back poorest as prices surge
Nigeria’s private sector should work with the government to develop welfare initiatives after economic reforms left people struggling with the cost of living, the country’s top business leaders told Semafor Africa, according to a report by Semafor. President Bola Tinubu…
FG tightens the screw against borrowers
The Central Bank of Nigeria will likely continue raising its key interest rate in the coming days and months to support a devalued naira, according to a report by Reuters and reviewed by The Oracle Today. The report stated that…
Will palliatives compensate for inflation impacts?
Sopuruchi Onwuka Federal government says the Central Bank of Nigeria (CBN) will begin distribution of grains and fertilizer from Monday as part of the efforts to cushion the impact of fuel subsidy removal and the associated jumps in the prices…
Analysts hiss as FG celebrates N5.6 trn H1 tax income
Sopuruchi Onwuka Federal government recorded slight increment in tax revenues in the first half of the year despite the palpable depression in the economy associated with depreciation in the value of the Naira and jumps in inflation. The N5.6 trillion…
New facts emerge on NNPC operations, record profit claim confirmed
Fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021.The latest facts appear to contradict some…
Seplat cites operating terms, domgas pricing as investment baits
Sopuruchi Onwuka Nigeria must offer attractive operating terms and reform the domestic gas market in order to attracts the required level of commercial investments in revving up activity and delivering prime economic aspirations in the petroleum industry. Managing Director of…
Ministerial list: Avuru dispels rumours of his appointment as Petroleum Minister
Sopuruchi Onwuka The jubilation in the Nigerian petroleum industry over news of new political appointees in the new administration of the federal government sank into sober quietude when eminent industry persona, Mr Austin Avuru, declared that he could not confirm…
SUV, other prizes won at NCDMB sponsored NOG Golf Tourney
The2023 Nigerian Oil and GasEnergy WeekGolf Tournament sponsored by the Nigerian Content Development and Monitoring Board (NCDMB) took place on Sunday at the IBB Golf Course, Abuja, with one of the players,winning a brand-new 2022 GS3 SUV car, which was…
NCDMB, NLNG activate E-Marketplace for business opportunities
Affirms Board’s mandate to support local companies Capacity growth driver in the domestic petroleum industry, the Nigerian Content Development and Monitoring Board (NCDMB) has launched the business opportunity dashboard for all qualified players in the sector. Executive Secretary, Engr. Simbi…
Geometric brings 188 MW plants online by August
Sopuruchi Onwuka Leading captive power provider, Geometric Power Limited, is perfecting processes to commission its 188 megawatts generation plants in Aba, Abia State, where the company also operates its electricity distribution concession. Chairman of the company, Professor Barth Nnaji, declared…
