Mabinuolami P. Okusaga

72 Flips | 4 Magazines | 4 Likes | 1 Following | 3 Followers | @Mabinuolami | I collect news about the Nigerian PESTEL environment

Facts have emerged on what former Vice President, Mr. Atiku Abubakar, discussed with former military president, General Ibrahim Badamasi Babangida, during his visit on Thursday to the latter at his home in Minna, capital of Niger State.

Facts have emerged on what former Vice President, Mr. Atiku Abubakar, discussed with former military president, General Ibrahim Badamasi Babangida, …

Cameroon's anglophone crisis spills over into Nigeria

File: Cameroon was divided between French and British colonial rulers before independence in 1960 and English-speakers account for some 20 percent of …

Nigeria: Intense Scheming at Former Ruling Party Convention

Intense scheming and horse trading marked yesterday's elective convention of the Peoples Democratic Party (PDP).Despite fears, the convention was …

Nigeria:Troubled Oil Firm Addax Plans U.S.$3 Billion Investment

[Premium Times] Amidst plans to wind up some of its global operations, Addax Petroleum on Sunday said it is ready to recommit to its operations in …

Nigeria is getting more people to pay taxes by not punishing them for tax evasion

For a nation of nearly 200 million people, not many Nigerians pay taxes. Indeed, as of May 2017, only 14 million—or one in five—of Nigeria’s estimated 70 million economically active citizens were paying taxes. As such, Nigeria’s government has typically earned much less than it could have from …

Nigeria:Fuel Scarcity Continues Despite Govt Order

[Premium Times] Despite last Wednesday's directive by the Federal Executive Council, FEC mandating the Minister of State for Petroleum, Ibe Kachikwu, …

Defend Your Idea Without Being Defensive

Getting behind an idea means imbuing it with our conviction and our passion. Such commitment is vital when pushing for an initiative or suggestion that you think is important to implement. This enthusiasm also helps you bring others to your cause. But it can also be your worst enemy when someone, …

Nigeria: Dangote Emerges Only African On Bloomberg's List of 50 Most Influential People

A photo of business tycoon Aliko Dangote was displayed in Times Square, New York after he appeared on the Bloomberg 50 list of the most influential …

Jeff Bezos

Nigeria Seals Deal With Switzerland to Return Abacha Loot

Nigerian Govt Moves to Recover U.S.$321 Million Abacha Loot<p>The cabinet has given the go-ahead for the Attorney General of the Federation, Abubakar …

Africa

China to step up oil, gas exploration to ease reliance on imports - Xinhua

BEIJING, Dec. 2 (Xinhua) -- China will step up exploration for oil and gas and develop unconventional resources to ease the country's reliance on …

Oil & Gas Industry

OPEC Just Did American Shale Drillers a Big Favor

OPEC and Russia just gave their most implacable foe, U.S. shale, an early holiday gift.<p>As corporate boards for American oil explorers prepare to …

China's electric car investments could push oil prices even lower

Oil prices could decline to $35 a barrel next year if China and India speed up the adoption of electric cars to cope with severe pollution, Steen Jakobsen, Chief Economist & CIO at Saxo Bank, told UAE's news outlet The National in an interview published on Wednesday.<p>"I think down the road, this …

How the oil price rout is hurting more than energy companies

SAN FRANCISCO (MarketWatch)—What do machinery giant Caterpillar Inc., small Texas-based banks and Brazilian ethanol producers have in common?<p>They are …

OPEC Losing Its Grip? No, The Saudis Are Partying Like It's 1981

Falling oil prices have provided the equivalent of a $1 billion-a-day tax cut to U.S. consumers. That’s the good news.<p>The bad news is despite all the crowing about OPEC losing its ability to control oil prices, quite the opposite might be happening. The Organization of the Petroleum Exporting …

Oil

It's Hot Money, Not FDI, That's Bringing Dollars Into Nigeria

Investors haven’t pumped this much hot money into Nigeria in three years.<p>Portfolio investment more than tripled in the third quarter from a year …

Nigeria's President Buhari Hints at Running for 2019 Elections

President Muhammadu Buhari, in an interactive session with the Nigerian community in Cote d'Ivoire, said he had to wait for Governors Udom Emmanuel …

Africa

Dangote, the Congo plant and the imperative of African industrialization

The Dangote Group of Nigeria, one of the pre-eminent industrial conglomerates in Africa, in pursuit of its pan-African development and emancipation …

Economic Development

OPEC to Decide on Nigeria, Libya's Oil Output

The former head of the Nigerian National Petroleum Corporation, Mohammed Barkindo, will replace Libyan Abdalla El-Badri, who has held the position …

Oil

Nigeria:OPEC Extends Oil Output Cut to 2018

[Leadership] Abuja -The organization of petroleum exporting countries (OPEC) yesterday agreed to extend its oil-production cuts for Nigeria and Libya …

The Libyan Slave Trade Has Shocked the World. Here’s What You Should Know

A video of men appearing to be sold at auction in Libya for $400 has shocked the world and focused international attention on the exploitation of …

Traders Aren't Yet Calling an End to Nigeria's Naira Problem

Nigerian officials are increasingly confident the naira’s troubles are over for good. Some investors disagree.<p>Portfolio inflows have risen in the …

Africa

OPEC Deal to Cut Oil Inventories, But Shale Key Long-Term

<i>Monday, May 29, 2017/9:45 AM/ Fitch Ratings</i><p>OPEC's decision to extend production cuts by nine months should provide some support for oil prices around …

Economy sinks deeper into recession

<i>*GDP drops by 2.24%; oil production averages 1.63m bpd</i><p>By Omoh Gabriel & Emeka Anaeto<p><b>G</b><b>oods</b> and services produced in Nigeria between July and September …

Businessmen hopeful as Naira appreciates

Some businessmen in Lagos on Thursday expressed hope that the economy would soon rebound as the Nigerian currency continues to appreciate in all the …

OPEC Raises Oil Output, Despite Deal to Cut

OPEC reported an increase in its oil production in September to a multi-year high and raised its forecast for 2017 non-OPEC supply growth, pointing to a larger surplus in the market next year despite the group's deal to cut output.<p>The Organization of the Petroleum Exporting Countries pumped 33.39 …

Africa’s Economic Powerhouse Staggers!

Nigeria’s recently abandoned a long held naira-dollar peg policy; immediately naira lost over 50% value against US dollar, sparked inflation in the …

Naira suffers severe loss in all market segments - Premium Times Nigeria

<i>Related News</i><p>The Naira on Monday suffered severe defeat against the dollar in all the major segments of the market, the News Agency of Nigeria (NAN), …

Import Substitution in Nigeria: Feasibility and Path towards Reduced Import Content

<i>Friday, April 22, 2016 6:27PM / FDC</i> <br>The current exchange rate crisis facing Nigeria stems from the country’s high import content. Almost everything …

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