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Nigeria pledges returns for energy investors
* Dismantles all entry barriers Sopuruchi Onwuka Nigerian government has called on the international investment community to take advantage of the ongoing economic reforms to seek commercial opportunities in the country’s energy industry. President Bola Ahmed Tinubu who declared the…
Paradox of profligacy: Tinubu’s jet amidst crushing poverty in Nigeria
Sopuruchi Onwuka President Bola Tinubu’s recent acquisition of a new Airbus A330 business jet, amid Nigeria’s most severe economic crisis in decades, has sparked widespread outrage, drawing attention to the stark contrast between the government’s extravagance and the dire living…
Tinubu commends increased crude production to 1.61 mbpd
Says output surge buoyed by reforms President Bola Ahmed Tinubu on Sunday declared resurgence in the oil and gas industry activities, commending the increased crude production to 1.6 million barrels per day. The president, who said this in a national…
Feb Polls: PEPC clears Tinubu, Shettima, INEC of all allegations
Sopuruchi Onwuka The growing fear of all aggrieved parties in the February presidential elections at today’s rulings at the Presidential Election Petition Court (PEPC) have morphed into total despondency following a clean swipe of all cases concluded today in favour…
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…
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…
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…
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…
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…
Wike stands out in Tinubu’s cabinet nominees
President Bola Ahmed Tinubu on Thursday forwarded 28 names to the National Assembly for consideration in dying minute effort o beat the constitutional requirement to announce constitute his cabinet within two months of inauguration, a list the contoured his line…
