admin

Since his defeat in the last election, former Vice President Atiku Abubakar has shown more interest in undermining President Bola Ahmed Tinubu than in addressing his party’s implosion. We suspect he is envious of Tinubu’s position—an office he has unsuccessfully sought six times.   It is perplexing that he would elevate his untested, hypothetical proposal, […]

The Nigerian National Petroleum Company (NNPC) Limited has announced that subsidiary, the NNPC Gas Marketing Limited (NGML), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.   This was disclosed in a statement signed by the Chief Corporate Communications Officer of the NNPLC, Olufemi Soneye, on Wednesday. […]

A columnist with one of Nigeria’s leading newspapers, who may not want his name revealed here, sent in a text message agreeing with the “Memo to ‘Minister of the economy,’” theme of the article published in this column last week.   He suggested that “(Wale) Edun, (Minister of Finance and Coordinating Minister of the Economy) […]

Protocols   1. I am delighted to join you at this year’s Comptroller-General’s conference. I salute the officers and men of the Customs Service for your dedication to duty and our country.   When I assumed office last year, I set out with a clear and unwavering vision – to strengthen Nigeria’s economic base and […]

 The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has advised the Federal Government to nib crude oil theft and illegal refining in the bud to safeguard the nation’s resources and protect the environment.   SPDC’s Country Chair, Shell Companies in Nigeria and Managing Director, Osagie Okunbor advised on Monday at the opening of the […]

It is now all but certain that despite all the hollow promises of the administration of President Bola Tinubu, Nigerians are condemned to pay more for darkness. Else, how can anyone explain the recent 300% astronomical hike in electricity tariffs, yet, within a period of 48 hours last week, the grid collapsed twice, plunging the […]

Banks are set to increase funding of petrol importation to N3.5 trillion as more marketers move to import the product amidst the push for the exclusivity of local production and supply led by Dangote Refinery.     Financial Vanguard learnt that banks are now receiving more loan requests for funding petroleum products imports with the […]

The Nigeria Labour Congress (NLC) has directed its members in states that are yet to commence the implementation of the new minimum wage to commence an indefinite strike, beginning from December 1, 2024.   The directive is part of the resolutions of the NLC after its National Executive Council (NEC) meeting at the weekend. “The […]

Following recent media reports, we find it necessary to address certain misinformation regarding the Presidential CNG Initiative.   As a response to the high cost of petrol and the attendant rise in the cost of transportation, following the removal of fuel subsidy, President Bola Tinubu launched the Presidential CNG Initiative to provide a cheaper and […]

  Yes, of course, the schedule of Wale Edun, Minister of Finance, as Coordinating Minister of the Economy, includes providing foundational, but realistic ideas to turn around the economy of Nigeria for the better.   Abubakar Atiku Bagudu, Minister of Budget, is responsible for planning the Nigerian economy, as it was done by Prof Adebayo […]

   Three major oil marketers in the country, yesterday, asked the Federal High Court in Abuja to stop what they described as plot by Dangote Petroleum Refinery and Petrochemicals FZE, to monopolise the energy sector of the economy.   The marketers, including AYM Shafa Limited, A. A. Rano Limited and Matrix Petroleum Services Limited, maintained […]

The odious spectacle orchestrated last Tuesday by President Bola Tinubu, parading the unlawfully detained #EndBadGovernance protesters, including 29 children, as “pardoned” recipients of his supposed compassion and personal magnanimity, reeks of hypocrisy and deliberate political exploitation, which is morally disgusting and deeply irresponsible. By falsely framing himself as a “compassionate” leader, Tinubu insults the intelligence […]