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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…

Flood, banditry, inflation menace Nigerians with starvation

Sopuruchi Onwuka The prediction of hunger which has formed a consistent warning since the occupation of the farming communities of the country has been amplified by the prevailing spate of flood incidents that submerged vast farmland and wiped hopes of…

Fuel subsidy: The saga, the façade and the facts

Sopuruchi Onwuka As Nigeria enters political campaign mode in preparation for the 2023 general elections, government’s domestic petrol subsidy has also traditionally surged to new heights despite the highly glorified Petroleum Industry Act (PIA) which ought to have activated deregulation…

Buhari, Kyari woo petroleum investors in Spain

The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari has reiterated his commitment to sustain the strategic energy partnership between Nigeria and Spain. Mallam Kyari who is also the Group Managing Director of the…

War in Ukraine: FG processing 479 Nigerians for evacuation

Sopuruchi Onwuka Federal government has declared custody of some 479 Nigerians struggling to find their way home from the war ravaged Ukrainian cities following the invasion of the country by neighbouring Russia and worsening humanitarian situation in the country where…

OPEC congratulates Buhari on unlocking oil investments

Sopuruchi Onwuka The Organization of Petroleum Exporting Countries (OPEC) has described the eventual legislative passage and presidential assent of the highly awaited Petroleum Industry Bill (PIB) as a significant milestone for Nigeria’s oil industry and an historic achievement for the…