Marcel Okeke, THEWILL

Fuel Pricing, Inflation And Nigeria’s Economic Stagnation

September 29, (THEWILL) – A few days ago, when the National Bureau of Statistics (NBS) released the inflation figures for August 2024, the Nigerian National Petroleum Company Limited (NNPCL) also issued a new fuel pricing template. Curiously, while the...

Fighting Illegal Refineries And Fresh Hope on Dangote Refinery

September 08, (THEWILL) – For quite some time now, no week passes without an arm of the armed forces and some agencies of the Federal Government announcing the number of illegal refineries that they have destroyed in the Niger...

Domestic Dollar Bond: Dangers of Dollarising Nigerian Economy

September 01, (THEWILL) – The Bola Tinubu Administration has been engaging in a lot of ‘trial and error’ in its quest for an improved and sustainable foreign exchange (FX) inflow since its inauguration in May 2023. It has even...

Dangers of Increased ‘Ways And Means’ Loans For FG

August 18, (THEWILL) – In yet its desperation to raise revenue inflow, the Bola Ahmed Tinubu administration has through the approval of the National Assembly, doubled its capacity to draw loans from the Central Bank of Nigeria (CBN) in...

Crude Oil Sales in Naira: Lifeline For Dangote Refinery, Nigerian Economy

August 11, (THEWILL) – The recent directive by President Bola Tinubu, sequel to a deliberation of the Federal Executive Council (FEC) that the Nigerian National Petroleum Company (NNPC) Limited should begin to sell crude oil to Dangote Refinery and...

Nigeria And Dangote Refinery Conundrum

July 28, (THEWILL) - Since May 2023 when it was commissioned by the then President Muhammadu Buhari, the Dangote Refinery, located in Lekki, Lagos, has remained Nigeria’s only hope for substantial local supply of petrol (Premium Motor Spirit, PMS)....

Nigeria: Are Palliatives Taken as Economic Roadmap?

July 14, (THEWILL) – Wittingly or otherwise, in the obvious absence of any overarching economic roadmap of the President Bola Ahmed Tinubu administration, it seems the vacuum is being ‘filled’ with palliatives being doled out by the Government. Since...

Nigeria: Dangers of Reliance on ‘Easy Money’ For Economic Progress

June 30, (THEWILL) – Deliberately or otherwise, the Nigerian Government has been depending on inflow from Foreign Portfolio Investment (FPI), ‘Ways and Means’ from the apex bank and an assortment of loans (foreign and local) for financing its operations. These...

Critiquing The New York Times’ Economic Update on Nigeria

June 23, (THEWILL) - “Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in free-fall and millions of people struggling to buy food. Only two years ago, Africa’s biggest economy, Nigeria was projected to...

One Year After: Whither The Nigerian Economy?

June 16, (THEWILL)- It is most auspicious at this time, exactly one year after the inauguration of the Bola Tinubu Administration (May 29, 2023), to do an appraisal of how well or otherwise the Nigerian economy has fared. This...

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