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By Ejeviome Eloho Otobo and Oseloka H. Obaze* Ever before the first ballot in the 2019 presidential elections was cast, some members of Nigeria’s leadership elite, across the political spectrum, were already signaling their intention to run for the presidency in 2023. It seemed as if the President’s term, when re-elected, would be for 48…
May 29, 2020
This article was first published in April, 2016 by The New Diplomat, during the previous major decline in oil prices. Then, the author noted that the world had experienced major price spikes in oil prices in 1973, 1979 and 2003-2008 -- the so-called "commodity prices super-cycle" period. There have also been major price declines in…
May 7, 2020
In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital flows surpassed net trade flows. The global Covid-19 pandemic is poised to further widen this…
May 6, 2020
Your Excellency, The revelations on infernal corruption, unimaginable graft, and stupefying sharp practices at the Niger Delta Development Commission, NDDC, have not come at all as a surprise to those familiar with the antecedents of the dramatis personae involved in the saga that has been unfolding at the commission ever since you made a character…
May 3, 2020
The oil price crash isn’t getting any easier for Nigeria Late on Monday, the nation released the prices for most of its crude oil grades for sale in May. The figures reflect an urgent need to offload cargoes in what is a highly competitive marketplace. Even so, traders cautioned that the prices $10 a barrel…
April 29, 2020
I am somewhat disappointed by the barrage of ego massaging orations by those who claim to know late Abba Kyari possibly more than himself. I have read dreamers and those who chauffeured friends to Abba Kyari's home to hear from the horse's mouth concerning issues that are yet shrouded in secrecy. I have read those…
April 27, 2020
In one week Africa garnered a 43% jump in its Covid-19 cases. These numbers are relative to Nigeria despite her recorded numerical being low. Nigeria’s low infection and fatalities are loss leaders. They correlate her rather huge testing gap; limited contact tracing, and voluntary acknowledgement of infections. Policymakers must bear these worrying facts in mind.…
April 25, 2020
The death on Friday, 17th April, of the Chief of Staff to President Buhari has opened a vista of commentaries and eulogies about a man who dominated the inner pantheon of Aso Villa as the unofficial head of the ruling oligarchy. Following the several power tanctrums in Aso Villa, especially from the First Lady, a…
April 21, 2020
#COVID19Thoughts: TSUNAMI LOADING ... If you are a state governor in Nigeria and you are not already working round the clock, night and day, you are playing with fire. Red-hot, napalm FIRE! Here is your reality. Bonny Light (Nigeria’s crude oil) is trading at about $11. This is half the cost of producing the barrel.…
April 21, 2020
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By Ejeviome Eloho Otobo and Oseloka H. Obaze* Ever before the first ballot in the 2019 presidential elections was cast, some members of Nigeria’s leadership elite, across the political spectrum, were already signaling their intention to run for the presidency in 2023. It seemed as if the President’s term, when re-elected, would be for 48…
May 29, 2020
This article was first published in April, 2016 by The New Diplomat, during the previous major decline in oil prices. Then, the author noted that the world had experienced major price spikes in oil prices in 1973, 1979 and 2003-2008 -- the so-called "commodity prices super-cycle" period. There have also been major price declines in…
May 7, 2020
In last decade, the world economy has seen a twin glut in which a commodity glut depressed commodity prices and export values while a liquidity glut boosted equity values and capital flows, creating a new reality in which net capital flows surpassed net trade flows. The global Covid-19 pandemic is poised to further widen this…
May 6, 2020
Your Excellency, The revelations on infernal corruption, unimaginable graft, and stupefying sharp practices at the Niger Delta Development Commission, NDDC, have not come at all as a surprise to those familiar with the antecedents of the dramatis personae involved in the saga that has been unfolding at the commission ever since you made a character…
May 3, 2020
The oil price crash isn’t getting any easier for Nigeria Late on Monday, the nation released the prices for most of its crude oil grades for sale in May. The figures reflect an urgent need to offload cargoes in what is a highly competitive marketplace. Even so, traders cautioned that the prices $10 a barrel…
April 29, 2020
I am somewhat disappointed by the barrage of ego massaging orations by those who claim to know late Abba Kyari possibly more than himself. I have read dreamers and those who chauffeured friends to Abba Kyari's home to hear from the horse's mouth concerning issues that are yet shrouded in secrecy. I have read those…
April 27, 2020
In one week Africa garnered a 43% jump in its Covid-19 cases. These numbers are relative to Nigeria despite her recorded numerical being low. Nigeria’s low infection and fatalities are loss leaders. They correlate her rather huge testing gap; limited contact tracing, and voluntary acknowledgement of infections. Policymakers must bear these worrying facts in mind.…
April 25, 2020
The death on Friday, 17th April, of the Chief of Staff to President Buhari has opened a vista of commentaries and eulogies about a man who dominated the inner pantheon of Aso Villa as the unofficial head of the ruling oligarchy. Following the several power tanctrums in Aso Villa, especially from the First Lady, a…
April 21, 2020
#COVID19Thoughts: TSUNAMI LOADING ... If you are a state governor in Nigeria and you are not already working round the clock, night and day, you are playing with fire. Red-hot, napalm FIRE! Here is your reality. Bonny Light (Nigeria’s crude oil) is trading at about $11. This is half the cost of producing the barrel.…
April 21, 2020
