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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…
Golar points at MKII FLNG vessel for NNPC’s Yoho gas project
Sopuruchi Onwuka Liquefied Natural Gas (LNG) facility developer, Golar LNG, is considering two floating liquefaction vessels for proposed development of the Yoho gas field in Nigeria. The Yoho field is currently operated by ExxonMobil’s Mobil Producing Nigeria (MPN) Unlimited with…
Japa!: Four Nigerian stowaways make surprise landing in Brazil
Sopuruchi Onwuka, with agency reports Four men from Nigeria who hid in the rudder of an ocean going vessel with the hope of reaching Europe ended up in Brazil where authorities gave them a surprise rescue after surviving harrowing two…
Tinubu channels subsidy savings to production incentives, social facilities
N800 bn for SME, agric, CNG transport schemes Student loans, minimum wage, infrastructure funds in package Sopuruchi Onwuka President Bola Tinubu has declared that the present administration of the federal government would deploy funds hitherto used in subsidizing domestic price…
NNPC proposes broader collaboration on sustainable energy
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited proposes broad stakeholder collaboration in driving energy sustainability for the country’s development in the face of prevailing energy transition from fossil fuels. Group Chief Executive Officer, Mallam Mele Kyari, also declared…
