anonimi: Any idea why city boy's forward sales of our crude to secure $3.3 billion SPV loan from Afreximbank, through Elumelu's UBA bank at a ridiculous 11.85% rate has failed to achieve his N300/$1 short term goal after almost three years of hitting the ground running?
Most of what i refer to were done by the fPMB administration. Thanks for stopping by.
samogo1: This is a good thing. It means we can now sell more to dangote and petroleum product can now be cheaper. Or am I missing something?
Not exactly. Most of the oil sales are forwards. To copy a writing, Nigeria has already committed a significant share of its crude through forward sales and oil-backed loans,
MiamiLord: Terrorists all over the world are out to annihilate Christians but they will fail.
Anybody supporting iran is a potential terrorist, no sane human support evil.
Deep down those terrorists sympathizers are happy to see news like this...about Christians been killed.
Islam is a menace to the world.
God please protect our christian brothers and sisters in the north and middle belt.
Our socalled men of God will keep mute about all this atrocities...instead they are busy flaunting their wealth to their gullible members. Shame!! Shame!! Shame!!
This is a senseless killing. Asking people to talk about it is not really a solution. i understand your frustration, but crime doesn't know tribe, religion or party.
A subsidy of N500 per litre which will bring the cost of petrol to about N800 will cost us N30bn daily and N900bn monthly for the first month and trust the number to go up with fraud in subsequent months. N5.4trn in 6 months. Plug and play the figures for your targeted pump price eith subsidy.
N900bn is 50% of the FAAC shared in February which means subsidy will reduce revenues by 50%. No state except Lagos, Delta and Rivers can absorb this shock in their budgets based on projected revenue and dependency on FAAC. They won't be able to pay salaries and fund
The FG's budget deficit will also worsen which means we have to go back to ways and means. With ways and means, inflation and Naira devaluation is sacrosanct.
Looking at the FG projections - $60 per barrel and 1.84m barrel per day production. Even though oil prices have gone up, our production shortfall counters the gain massively. We also have forward contract obligations to meet with crude. We would have made a windfall with a production over 2m bpd.
With Executive order 9, conservatively we can estimate a monthly Excess crude account inflow at $15m - $20m daily. Conservatively even the money from Excess crude prices can't pay the subsidy requirement so we need to borrow to pay it. While Cardoso will be looking at boosting our reserves, Wale will be eyeing the fund to pay some of our debt obligations while a percentage of accrued FAAC should be deployed to cushion the effects of the unwarranted global oil increase.
What can the government cut? Nothing, the police is recruiting, Army is recruiting, forest guards are coming onboard and we are spending on insecurity with a debt in trillions hanging above the power sector.
Growth in Non oil revenue is now as important as ever. Challenging times for Cardoso, Mr. Wale Edun, Mr. Zach and Mr. Taiwo.
Caveat - This post is for people with a certain level of IQ.
DeepSight: + Seriously, with citizens like you, Nigeria is in for a long haul. Each time I see citizens like you, I understand why we are where we are.
A people get the leaders they deserve.
Because you're not people na. Blame others except yourself, no be your modus operandi?
Tinubu would anoint the next candidate and you guys have zero options than to support that person.. You guys don't have a choice
Where's the value of your own say bra? Why do you love crying more than the bereaved? The people that Obi and Atiku jointly anointed got 7 votes. Follow who know road.
Good to hear. This is similar to what we've been saying. These are not even police oh. It's strange that any state will say they can't defend themselves. Ordinary banks, you can't dare pass near their vans. i remember rivers governor threatening to disrupt the nation's economy before they reset his brain. Tell me when last we heard of bandits and co dealing with Benue and Plateau? Was it Tinubu that solved their problem directly? NO. He went there and told the governor to wake up. i can't imagine a Tinubu or Wike or Fashola or even Fayose as governor of a place, and some miscreants are turning the state upside down, and everyone starts calling on the President. When it's convenient, opposition will accuse a civilian Tinubu of ordering soldiers to kill people. The same dem will claim their governors are powerless and helpless. Is this how to be opposition?
Jagaban, the man of the year/decade. We that have patriotism and solidarity, we got your message egbon. Ordinary nigeriens aka losing, lost opposition will still wail irredeemably over this. It's divine, don't stress why. They're still here deploying the same loser strategy on this thread. Dem no dey tire for pain.
Oh wow, this should be illegal. Even a common thief cannot be beaten like this these days. How are people paid millions of dollars to do this? i can never understand the fun people get watching this kind of violence as entertainment.
You need to be so prepared like He's coming today, and still yet like He may not come for the next 50 years. Don't be caught napping or not dreaming big.
Cambridge International Education works with private schools all over the world, what are you on about? Do you think it's free? A foreign school (Coventry University) must liase with and get approval from the Ministry of Education before establishing anything in Nigeria. That's basic commonsense.
Then you say how much is the government paying. But you talk about approval and I am showing you what a TNE is and whether this is the business of a government using public funds for a partnership with a private school, then you are telling us that there is no proof of government involvement for a TNE agreement whose details have not been released but a UNILAG has done recently too. C'mon!
A half truth is the most cowardly of lies. Mark Twain
Government has no business with this venture. And it is hypocritical that the same government that put a moratorium on establishing universities has now changed its tone.
i never said there is no proof of government involvement. Talk about half truths in full demonstration.
anonimi: If you’re not being a propagandist liar, then why don’t you just mention the Nigerian politician who promised air conditioning on the streets?
FG secures Coventry university deal to deliver UK degrees in Nigeria ON: MARCH 18, 2026 IN: EDUCATION follow and like on:FacebookX (Twitter)YouTubeInstagramTelegram By Funmilayo Adeyemi
The Federal Government has secured a partnership with Coventry University under a Transnational Education (TNE) arrangement to establish a campus in Nigeria for the delivery of affordable, globally recognised degrees.
The Minister of Education, Dr Tunji Alausa, disclosed this in a statement issued on Wednesday in Abuja by Folasade Boriowo, Director of Press and Public Relations, Federal Ministry of Education.
Alausa, who is currently in the United Kingdom accompanying President Bola Tinubu, said he had engaged with UK university leadership, key investors, and development partners to drive the initiative.
He said the proposed campus would be located in Alaro City, Lagos State, and would offer Bachelor’s and Master’s programmes in Science, Technology, Engineering, Mathematics and Medicine (STEMM), Business, and Technical and Vocational Education and Training.
According to him, the degrees would be equivalent to those awarded in the United Kingdom, with admissions expected to commence between the third and fourth quarters of 2026, subject to regulatory approvals.
The minister said the initiative was designed to expand access to world-class education at reduced cost, while strengthening skills development and improving graduate employability.
He added that the programme would enable Nigerian students to study locally while receiving international-standard education.
Alausa noted that the partnership, supported by the UK’s Department for Business and Trade, underscored the government’s commitment to positioning Nigeria as a hub for knowledge, skills, and innovation. (NAN) www.nannews.ng