Author Archives: admin

Nigeria’s economy attracts N8.5tn investments in three years

The Nigerian economy attracted a total investment inflow of $27.9bn between July 2015 and March this year. Based on the official N305 to a dollar exchange rate of the Central Bank of Nigeria, the amount ($27.9bn) translates into about N8.5tn. Documents of the country’s investment inflows obtained from the National Bureau of Statistics revealed that

The people Buhari, Tinubu, Saraki, Akpabio should emulate

By Tunde Odesola The bypass to hell shouldn’t be Nigeria. It should be Australia because Australia was founded by convicts. Formerly called New South Wales, Australia is just 230 years old. The United States is merely two years older. When Captain Arthur Phillip led a fleet of 11 British ships consisting of 736 male and

Defection: Why denialism won’t salvage APC

By Ademola Adesola Whatever its surface dissembling and false display of calmness at this time when members are jumping off its distressed ship, the underneath reality is that there is a burning hell in the belly of the ruling All Progressives Congress. From the time this Special Project Platform masquerading as a political party took

NASS crisis: Obasanjo, Saraki in closed-door meeting

The Senate President, Dr Bukola Saraki, held a closed-door meeting with former President Olusegun Obasanjo at his penthouse within the Olusegun Obasanjo Presidential Library in Abeokuta on Monday. Saraki, who came in a black Toyota Landcruiser jeep in company with some security aides, arrived the OOPL around 5.30pm and emerged from the meeting at 7.12

Nigeria, two others push OPEC oil output higher

Crude production from the Organisation of Petroleum Exporting Countries rose in July on the back of increased output recorded by Nigeria, Kuwait and the United Arab Emirates, the latest report obtained on Monday showed OPEC’s output averaged 32.32 million barrels per day in July, up 41,000bpd from June, the group said in its monthly oil

Skye Bank Merchant, Gidado emerge tops at mCash Re-Launch

Skye Bank mCash Merchant, Sulaiman Gidado, has emerged one of the top performing agents in the country. Nigeria Inter-bank Settlement System (NIBSS) made this known when it identified Suleiman as one of the top mCash merchants at the mCash relaunch which held in Lagos Tuesday. Part of the renewed efforts to further drive financial inclusion

Something Strange Is Happening In the Saudi Oil Patch

By Irina Slav – Aug 06, 2018, 9:30 AM CDT Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season of peak local consumption of crude, Lee notes, as air conditioning demand hits a high.

China Sets Up EV Battery Recycling Scheme

While scores of research labs around the world look for ways to replace lithium-ion batteries with cheaper and more reliable alternatives, China has started a pilot EV battery recycling program in anticipation of a boom in EV adoption in the next few years. Reuters cites a statement from the Ministry of Industry and Information Technology

Venezuela Sends More Crude To The U.S. Despite Production Woes

Despite a persistent decline in crude oil production, Venezuela has seen its exports of crude to its biggest market, the United States, climb since February this year. In fact, between February and June, Venezuelan oil exports to the Gulf Coast refineries increased by an impressive 43 percent, according to U.S. customs data cited by S&P