Politics will not be the same again in the United States of America, particularly in Washington, DC, where old-school politicians are keenly watching with trepidation as President Donald J. Trump, on January 20, transitioned from the 45th to the 47th president. The palpable fear is driven by the impending rollout of his revolutionary policies, intentionally […]
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By Magnus Onyibe In response to the Central Bank of Nigeria’s (CBN) proposal for a 70% tax on the excessive profits banks made from naira devaluation in 2023—profits which increased by at least 51% due to President Bola Tinubu’s economic reforms—there has been a noticeable rise in banks’ philanthropic activities. The proposed excess profits tax, […]
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By Magnus Onyibe The popular saying, “The morning foretells the evening,” seems to defy logic in Nigeria’s case. The economy, which turned frosty after President Bola Tinubu introduced radical reforms 18 months ago, now appears to be thawing rather than worsening, contrary to the predictions of critics. Rather than witnessing a continued decline in living […]
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By Magnus Onyibe Responding to the widespread demands for a cabinet reshuffle, President Bola Ahmed Tinubu made changes on October 23, replacing five cabinet members with seven new ones. Additionally, the president merged certain ministries, such as Sports and Culture, and streamlined leadership in regional development bodies like the Niger Delta Development Commission (NDDC). He […]
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By Magnus Onyibe 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 a single meal for a family of four is N1,255, translating to a monthly food […]
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By Magnus Onyibe Insecurity in Nigeria has surged dramatically since 1999, while federal and state governments have been divided over whether to maintain the current central policing system or shift to a state/local policing model. Nigerians heaved a sigh of relief in February 2024, when President Bola Tinubu and the governors of all 36 states […]
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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 both diesel and petrol. Now, the Chinese are in the process of setting up […]
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