2015 December

The Group MD of the NNPC and Minister of State for Petroleum, Dr. Ibe Kachikwu, on Christmas Day announced that the Federal Government was not ready to totally deregulate the petroleum market. He added – quite surprisingly – that the price for petrol at the pumps will be N85.00 by the January 1st, 2016. Since...

I’d never seen her before… nor heard of her. I noticed though that she wasn’t sitting very professionally when I tuned in to Channels TV to watch the presidential chat yesterday and commented about her posture. She did ramble a bit but I picked one very important question she asked the president. It was something...

(How Dasuki shared N30billion loot with Bafawara, Dokpesi, Yuguda, Obaegbena, Annenih, Kusa and others) The Economic and Financial Crimes Commission has unraveled how a former National Security Adviser, retired Colonel Sambo Dasuki, allegedly shared a “loot” of N30 billion, which was delivered to him in Dollar from the Central Bank of Nigeria. The money was...

A lot of the economic problems facing Nigeria can be traced to a way of thinking. This thinking believes that markets can never be a good thing if left to their own devices and so they must be subjugated. Prices must be controlled. And so on. It affects everything from forex policy to fuel subsidy...

Says ex-VP’s office got N20m monthly •Yuguda, Bafarawa, others to account for N18.09b cash got for Operation Capture North-West for PDP •Ex-Minister got another $9.8m within two months More revelations by former Accounts Officer II, Ibrahim Idris Wambai have shown that the Office of ex-Vice President Namadi Sambo was on a monthly stipend of N20million...

“The PBS NewsHour said it had in its possession a letter written by the embattled former National Security Adviser, Col. Sambo Dasuki (retd.), and addressed to the CBN, requesting $47m. The letter, which was written on the letterhead of the Office of the NSA, titled ‘Request of Funds for Special Services’ with reference number, NSA/366S,...