How Nigerians can shift from agonizing to organizing – By Magnus Onyibe …C0NTINUE READING HERE >>> A recent article in The Guardian newspaper highlighted the growing challenges of rising living costs in Nigeria, using data from surveys on the daily expenses of an average Nigerian family. As of August, the estimated cost of … Read more
Time to prohibit petroleum product imports – By Magnus Onyibe …C0NTINUE READING HERE >>> In 2011, the Chinese, demonstrating their strategic foresight, established a refinery in Niger Republic, which borders Nigeria to the northeast. This refinery, with a capacity of 20,000 liters per day and a cost of $5 billion, was completed swiftly and produces … Read more
Why NNPCL’s decision to lease instead of sell refineries spells doom – By Magnus Onyibe …C0NTINUE READING HERE >>> For a long time, I have advocated for the federal government to privatize the oil and gas sector, which has been tightly controlled since oil was first discovered in commercial quantities in 1956 in Oloibiri, now … Read more
Understanding the toxic international petroleum politics in Nigeria – By Magnus Onyibe …C0NTINUE READING HERE >>> The alarm in Nigeria’s oil and gas industry, now blaring loudly, was first sounded by Mr. Tony Elumelu. In 2021, Elumelu invested over $1.1 billion to acquire a 45% stake in the OML 17 oil drilling asset, a venture … Read more
Why Donald Trump would win Kamala Harris – By Magnus Onyibe …C0NTINUE READING HERE >>> The Democratic National Convention (DNC), starting on Monday, August 19, in Chicago, is set to see Vice President Kamala Harris officially accept her nomination as the party’s presidential candidate. Harris has secured over the necessary 1,976 delegate votes needed to … Read more
How banks could have avoided the FX gains tax through CSR – By Magnus Onyibe …C0NTINUE READING HERE >>> In a society where a few live in luxury while many struggle in poverty, it’s not surprising that feelings of envy, jealousy, and even resentment arise among the less fortunate towards those who are well-off. This … Read more
Protests: lssues around the issues – By Magnus Onyibe …C0NTINUE READING HERE >>> Five years ago, on October 11, when Nigeria celebrated its 59th anniversary, I wrote a piece titled “The Call for a National War on Poverty,” which was published in Thisday newspaper and several other traditional and online news platforms. Advertisement The motivation … Read more