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…
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…
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…
FG needs $96bn income, $60bn reserves for economic recovery
Sopuruchi Onwuka The new administration if President Bola Tinubu must look beyond oil income to revive the country’s economy which was driven downhill by the past administration of former President Muhammadu Buhari. President Tinubu who has inherited huge official debts…
Fuel price hike: confusion overtakes stakeholders
Market still not deregulated despite price increase State monopoly still rules supplies Regulator disabled Sopuruchi Onwuka The arbitrary increase of petrol prices announced by the Nigerian National Petroleum Company (NNPC) Limited Wednesday morning is definitely a total deviation from the…
