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Emefiele Dangles Fraudulent Carrot •Sets $40bn External Reserves Mark •APC Flounders On

When it was becoming very evident that nothing good would ever come as dividend of democracy from the ruling All Progressives Party (APC), the Governor of the Central Bank of Nigeria (CBN) suddenly sputters to life.The CBN Governor, Mr. Godwin Emefiele, last Friday, in the apex bank’s economic forecast for 2018,...... more

Bad Economy: Oshiomhole Tackles IBB •Says He Owes Nigerians Apology •APC Fumbles The More

Former governor of Edo State, and a chieftain of the ruling All Progressives Congress (APC), Adams Oshiomhole, last week, expressed his concern as regard the spiral state of the country’s economy and whom to hold responsible.The one-time president of the Nigerian Labour Congress (NLC) stated that former military president and ‘restructuring...... more

APC Senate’s Wrong Act •Unbundles NNPC •To Privatize Most Coveted National Asset

The ruling All Progressives Congress (APC) is at it again. This time around, it is the upper legislative chamber of the National Assembly.In what seemed like a historic feat, the upper chamber announced its passing of the highly controversial Petroleum Industry Bill (PIB).After 17years of waiting, the PIB the senate passed...... more

APC Mortgaging Nigeria •Economy Still Stagnant •FG Paying Lip Service

This week, three major events signalled the onward trend of the general outlook of the Nigeria’s economy.The acting President Yemi Osinbajo wrote to the leadership of the House of Representatives requesting consideration and approval of the House to accommodate fundings for both the Development Bank of Nigeria (DBN) and the second...... more

Anti-Graft War Fails To Launch •Executive Stays Inactive •NASS Seeks Solution

It is safe to say that the ruling All Progressives Congress (APC) is doing very little, if nothing at all, to stem the menace Nigerians have come to believe is so much entrenched in the country’s psyche – Corruption. One should not lose sight of the fact that the ‘Anti-Corruption’ slogan...... more

Recession: FG Embarks On Propaganda •Touts False Exit Date •Inflation Remains High

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has projected that the country should be out of recession by the third quarter of this year.The CBN governor said these after meeting with the leadership of the Senate in Abuja last Tuesday.Emefiele based his judgment on the current efforts...... more

2017 Budget: Buhari Runs Nigeria On Deficit •Experts Call For Caution

Nigerians, probably, are adjusting to the ruling All Progressives Congress (APC) ‘drama series’; the latest being the police raid on the home of the Chairman of the Appropriation Committee, Senator Danjuma Goje. Goje accused the police of taking some of the budget documents from his home. This raid on Goje’s residence...... more

FG Totters Towards Solving Power Crisis •Operators Groan Under -Debts, Poor Funding, Bad Policies

Interestingly, the country’s Power Sector came to the fore at the annual World Bank/International Monetary Fund (IMF) spring meetings in Washington D.C., United States. Reason, the Minister of Power, Works and Housing, Mr Babatunde Fashola was at the summit to sell his idea on how to revamp the country’s ailing power...... more

Buhari’s Craving For Loans Puts Economy in Jeopardy •Nigeria In Fiscal Mess •Recession Bites Harder

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, is the leader of a team comprising key officials in his ministry and the Office of the Vice President. The team is in Washington D.C. to meet with the World Bank Group to discuss and possibly conclude operational terms in the...... more

Speculators, Traffickers Frustrate CBN Attempt To Stabilize Naira •Non-Oil Exporters Decry Lack Of Forex •Experts Declare Parallel Market Volatile

The ongoing effort by the Central Bank of Nigeria to stabilize the exchange rate may not yield the desired result as speculators continue to mop up the apex bank’s dollar intervention in the parallel markets. Already, non-oil exporters have threatened to cease exports till restrictions limiting access to their proceeds from...... more

Malabu Oil Deal: Shell, Eni Caught Bribing Etete In Major Scandal •Oil Giants Deny Any Wrongdoing

Royal Dutch Shell and Italian oil major Eni bribed a known money launderer in Nigeria to secure a $1.1 billion joint exploration deal off the country’s coast in 2011, newly published documents reveal. Emails released by the watchdog groups Global Witness and Finance Uncovered show that top executives at Shell and...... more

Nigeria Battles Fuel Insufficiency •Licensed Private Refinery Operators Cite Lack Of Fund •NNPC Reports Increased Output

The plan of the Federal Government to ensure abundant fuel supply in the country may take awhile to crystalise. This is due to the inability of the thirty-two companies granted licences to establish (LTE) and approval to construct (APC) private refineries with a combined capacity of 1.352 million barrels per stream...... more