Business

Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — Tinubu

Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — Tinubu

By Yinka Kolawole  President Bola Tinubu has declared that Nigeria will no longer be content with exporting raw materials and importing finished products, saying the country is determined to become Africa’s industrial workshop. Tinubu, who was represented by the Minister of State for Industry, Sen.John Enoh, spoke at the 6th Adeola Odutola lecture and Presidential […]
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OPEC faces blame over price drops

OPEC faces blame over price drops

AS oil prices roller-coastered from record highs near $150 per barrel a year ago down to $35, many pointed fingers at traditional scapegoats OPEC and oil sheiks synonymous with the group.

Kidnapping: A crime against humanity

Kidnapping: A crime against humanity

THE oil politics of Nigeria is as aggravating as it is comical. The Babangida government magnanimously gave back 4% of revenue accruing to oil sales and in the present 1999 Constitution the figure was increased to 13%.

Oil prices need government supervision

Oil prices need government supervision

FOR two years the price of oil has been dangerously volatile, seemingly defying the accepted rules of economics. First it rose by more than $80 a barrel, then fell rapidly by more than $100 before doubling to its current level of around $70. In that time, however, there has been no serious interruption of supply.