Opinion

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Oil Prices Climb After OPEC+ Announces Modest Output Hike

On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a potential 500,000 bpd…

Saving Democracy: The Urgency of Electoral Reforms

By Dakuku Peterside Voter turnout is democracy’s vital sign, and ours has been fading. Since 2007, participation has fallen from 57% to 26.7% in 2023—our lowest since the return to civilian rule. Out of 93.47 million registered voters, only 24.9 million cast their votes. These are not just statistics; they are signals from the body…

Billionaire vs the union, By Sam Omatseye

There is nothing that the story of oil will not do in this country. It is black but a devious beauty. It is a tale of a beautiful woman or what poets call a femme fatale. Nobel Laureate Garcia Marquez in his immortal novel, One Hundred Years of Solitude, wafts the tale of Remedios the…

Want a Second Passport? These 13 Countries Let You Buy Citizenship

Key Takeaways Citizenship by investment programs allow individuals to acquire a second passport by making significant financial contributions to a country’s economy. Minimum investment amounts and requirements differ significantly by country. Citizenship by investment programs give wealthy individuals the chance to secure a second passport by making significant financial contributions. The requirements vary by country, but…

Saudi Arabia’s Spending Spree Meets Oil Price Reality

Saudi Arabia’s grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom’s plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of…

Why Tinubu is Afraid of Jonathan’s 2027 Comeback Bid

By Farooq A. Kperogi Although former President Goodluck Jonathan hasn’t formally declared his intention to run for president, President Bola Ahmed Tinubu appears to be already worked into a frenzy by the mere prospect of it, at least judging from the sensation of fright that drips from the statements of his spokespeople and close supporters.…

Putin: Oil Prices Could Soar Past $100 Without Russian Crude

Amid rising global energy demand, oil prices could jump above $100 per barrel if Russia’s oil is pushed out of the market, Russian President Vladimir Putin said on Friday. “It's impossible to imagine that the loss of Russian oil volumes will preserve a normal situation in global energy and the economy,” Russian news agency Interfax quoted Putin…

3 Solid Second Passport Options For U.S. Citizens

A second citizenship not only means you have a back-up plan should the situation in your home country no longer suit you, it also opens up a world of opportunities for travel, business, education, and investment outside home borders. There are many routes to multiple citizenships including through ancestry and investment but today let’s look…

Nigeria’s Oil Boom Meets Its Refining Headache

Nigeria's Petroleum Minister: Daily output has climbed to between 1.7 and 1.83 million barrels, while active rigs surged from 31 in January to 50 by mid-year. Aliko Dangote’s $20 billion, 650,000-bpd plant in Lagos—is mired in strikes, sabotage claims, and financial headaches. Nigeria’s top oil union launched a nationwide walkout after 800 refinery workers were…

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Oil Prices Climb After OPEC+ Announces Modest Output Hike

On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a potential 500,000 bpd…

Saving Democracy: The Urgency of Electoral Reforms

By Dakuku Peterside Voter turnout is democracy’s vital sign, and ours has been fading. Since 2007, participation has fallen from 57% to 26.7% in 2023—our lowest since the return to civilian rule. Out of 93.47 million registered voters, only 24.9 million cast their votes. These are not just statistics; they are signals from the body…

Billionaire vs the union, By Sam Omatseye

There is nothing that the story of oil will not do in this country. It is black but a devious beauty. It is a tale of a beautiful woman or what poets call a femme fatale. Nobel Laureate Garcia Marquez in his immortal novel, One Hundred Years of Solitude, wafts the tale of Remedios the…

Want a Second Passport? These 13 Countries Let You Buy Citizenship

Key Takeaways Citizenship by investment programs allow individuals to acquire a second passport by making significant financial contributions to a country’s economy. Minimum investment amounts and requirements differ significantly by country. Citizenship by investment programs give wealthy individuals the chance to secure a second passport by making significant financial contributions. The requirements vary by country, but…

Saudi Arabia’s Spending Spree Meets Oil Price Reality

Saudi Arabia’s grand Vision 2030 ambitions may be colliding with a colder fiscal reality. Fitch Ratings warned Friday that Riyadh faces rising financial risks as oil prices soften and government spending balloons, threatening the kingdom’s plans for fiscal consolidation. The numbers tell the story: Saudi Arabia now expects a budget deficit equal to 5.3% of…

Why Tinubu is Afraid of Jonathan’s 2027 Comeback Bid

By Farooq A. Kperogi Although former President Goodluck Jonathan hasn’t formally declared his intention to run for president, President Bola Ahmed Tinubu appears to be already worked into a frenzy by the mere prospect of it, at least judging from the sensation of fright that drips from the statements of his spokespeople and close supporters.…

Putin: Oil Prices Could Soar Past $100 Without Russian Crude

Amid rising global energy demand, oil prices could jump above $100 per barrel if Russia’s oil is pushed out of the market, Russian President Vladimir Putin said on Friday. “It's impossible to imagine that the loss of Russian oil volumes will preserve a normal situation in global energy and the economy,” Russian news agency Interfax quoted Putin…

3 Solid Second Passport Options For U.S. Citizens

A second citizenship not only means you have a back-up plan should the situation in your home country no longer suit you, it also opens up a world of opportunities for travel, business, education, and investment outside home borders. There are many routes to multiple citizenships including through ancestry and investment but today let’s look…

Nigeria’s Oil Boom Meets Its Refining Headache

Nigeria's Petroleum Minister: Daily output has climbed to between 1.7 and 1.83 million barrels, while active rigs surged from 31 in January to 50 by mid-year. Aliko Dangote’s $20 billion, 650,000-bpd plant in Lagos—is mired in strikes, sabotage claims, and financial headaches. Nigeria’s top oil union launched a nationwide walkout after 800 refinery workers were…

Unlocking Opportunities in the Gulf of Guinea during UNGA80
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