Author Archives: Chief Oyibo

How Low Can the Naira Go?

The 20% fall in the Nigerian naira since September has not been as precipitous as the rouble’s total collapse, but the currency’s weakness is both an indicator of the West African country’s economic shortcomings, and a warning of things to … read more

Oil workers begin nationwide strike today

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) are commencing a nationwide strike today to protest the failure of the government to carry … read more

Ex-militant, Tompolo, buys warships

A former Niger Delta militant, Mr. Government Ekpemupolo, alias Tompolo, has bought seven decommissioned Norwegian battleships, Saturday PUNCH has learnt. Reports by a Norwegian newspaper, Dagbladet, said that the fast-speed Hauk-class guided missile boats had been re-armed with new weaponry. … read more