My brother Basil thank you for hosting me to lunch. The food at shogan is great and I thoroughly enjoyed our conversations.

Total windfall profits of top 6 banks on FX revaluations gains — $3.1bn Total realized gains— $200m Total unrealized gains floating — $2.9bn Total regulatory fees of banks from — CRR — regulatory insurance premiums — amcon levies — $1.8bn (Please note that amcon levies

THANK YOU! A very big thank you to everyone who participated in these polls. We are grateful for your feedback and support for our proposed VAT reform. The results are consistent across all platforms. We've had a series of engagements with various key stakeholders and groups,

Governor Soludo has corroborated what I said that NNPC has not remitted anything to the FGN since beginning of this year. The Governors are finally awake.

GTCO — 6months ending June 2024: Unrealized fair value gain on financial instruments — #493bn Unrealized gain on forward transactions — #130bn Total: #623bn Keyword — ‘unrealized’

You see the conspiracy I speak of? These are the people working with state actors to ensure Nigeria doesn’t achieve energy security, while they keep importing ‘dirty’ substandard petrol and diesel, that can only be accepted in Nigeria. The stranglehold will not be for too long.

‘Malta and Lòme blending plants’ are on a ‘take or pay’ contract, so we can’t stop doing transshipment of substandard adulterated petrol and diesel until at least the end of ‘24, At the expense of Nigeria’s energy security and backward integration. Anyway, it’s up to the

“Whenever you wake up is your morning” — African Proverb. punchng.com/nigerias-48-pe…

So the blending formula is mixing naphtha with RON 94 in a combustion ratio that doesn’t meet up with any certification standard, Yet regulator lacks a standard lab during vessel arrival notification process to do pre-shipment inspection, What a country!

Let me tell you the biggest contributor to Nigeria having the highest unit production cost per barrel in the world at $48— NNPCL as the government’s holder of assets upstream has delegated the role of deciding unit cost per barrel to the operators. I’ll explain: When NNPCL

“Where there’s no vision, the people perish”— Proverbs 29:18

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At #1,645 to a USD, Dangote is selling a liter of pms for $0.54. That is a steep discount for RON 95-97 (premium gasoline) considering that the naira crude program does not commence until 1st of October and the feedstock of 5.3m barrels the refinery got for September was paid for

I told you the NNPC statement was misleading. The 5.3m barrels for September was paid for in USD. The naira-based crude sales will only resume in October. Imagine Dangote purchasing crude oil in USD and selling in Naira, when there’s no counter-party to buy forward contracts

I shared my thoughts with ⁦BusinessDayNG⁩ on the direction I think the government should take as Dangote starts producing. businessday.ng/opinion/articl…

NNPC Cannot Blame Dangote for the Increase in PMS Price - Emmanuel The moment for Dangote refinery is today, Nigeria's decade for backward integration through import substitution for refined crude oil. NNPC was landing dirty fuels at 70 cents per litre and Dangote is selling PMS