How Nigerian governments encourage corruption
“NEITI audit report probe suffers setback in Senate.” VANGUARD, August 4, 2026 The report by Henry Umoru also stated as follows: • As CBN, NDDC, NEITI, NUPRC shun committee’s summon. • You must appear on Thursday or we invoke our powers – SENATE. The news report, which most readers might have dismissed without much thought (if […]
AGF, IGP, please call DISCOs to order; avert violence
“FCCPC warns Ikeja, Eko Discos to halt metre replacement amid compliance concerns — Report, November 14, 2024. The story went on to say that “The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Ikeja and Eko Electricity Distribution Companies (Discos) against plans to replace metres”. The FCCPC under Mr Tunji Bello […]
Dangote vs Pinnacle and others on fuel supply
By Dele Sobowale “We eagerly anticipate the coming on stream of the Kaduna, Warri and Port Harcourt refineries before the end of this year, as promised by the Group Chief Executive Officer (GCEO) of NNPCL, Mele Kyari. This milestone will not only end baseless rumours of monopoly but also position Nigeria as a refining hub […]
Why currency outside banks will keep rising
By Dele Sobowale “Currency outside banks hits N4.02tn — CBN.” Report. The story in the PUNCH went on to state that “Currency outside banks surged by 66.2 per cent in September 2024, reaching N4.02tn compared to N2.42tn in September 2023, a notable rise of N1.60tn in just one year.” It was speculated that some of the […]
Nigeria: From giver to begger in 50 years
By Dele Sobowale I am delighted to announce here today that just three days ago, the African Development Bank board of directors approved $100 million for the establishment of the Youth Entrepreneurship Investment Bank for Nigeria.” — Dr Akinwunmi Adesina, President of the African Development Bank for Africa, AIDB, Friday, October 18, 2024. All the people […]
Risky to invest in banking, breweries and refineries now
By Dele Sobowale ‘He is a fool who trusts to luck; one should play a safe game.” — Leo Tolstoy, 1828-1910, VANGUARD BOOK OF QUOTATIONS, VBQ, p 62. “Fools rush in where angels fear to tread.” — Alexander Pope, 1688-1744, VBQ Sometimes a national matter likely to affect the fortunes of millions of Nigerians comes […]
