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Gas can lift Africa out of poverty __Farouk Ahmed
Sopuruchi Onwuka Inability of Nigeria and other African countries to harness its huge gas resources into abundant energy is responsible for acute poverty in the continent, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
CBN’s forex mishap leaves the Naira rolling downhill __EIU
Sopuruchi Onwuka The hasty moves by the current administration of the federal government to dismantle all support instruments installed by the ousted Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, has pushed the Naira into a helpless…
NCDMB to activate Ondo Oil and Gas Park project
Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje…
Analyst proffer strategies as Tinubu’s policies push millions into poverty
Sopuruchi Onwuka Hopes of reprieve from the new administration of President Bola Tinubu take deeper dive as his early economic measures trigger inflation, stifle earning opportunities and erode values from existing wealth. Since the new government came into effect on…
NNPC boosts federation account with N123 bln
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared remittance of N123 billion to the federation account, enabling the three tiers of government to share N907.054 billion to meet state obligations to citizens in June. NNPC Chief Financial…
NUPRC sets up regulatory against revenue loss
As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the commission has come up with a policy framework that will enhance proper monitoring,…
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…
