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Blackout, fuel crisis loom as workers shut down NNPC over unbundling

Blackout, fuel crisis loom as workers shut down NNPC over unbundling

Nigeria is on the verge of another fuel crisis and a nationwide blackout of unimaginable proportion as workers of the Nigerian National Petroleum Corporation, NNPC, Wednesday, shut down the activities of the corporation nationwide over the ‎unbundling exercise.

Open Letter to President Buhari/Osinbajo: Re: Devaluation of the Naira

Open Letter to President Buhari/Osinbajo: Re: Devaluation of the Naira

THE controversy as to whether to devalue the naira or not has taken the centre stage in the national discourse. One can pardon illiterates in economics especially primitive accumulators who are shouting for further devaluation of the naira. But when some professors of Economics and Ex CBN Governor and IMF have joined the chorus to continue to devalue the naira, then, something serious is amiss. The single reason they all gave is because the rate of Naira in the parallel market has worsened.