The Nigerian National Petroleum Company Ltd (NNPCL) has long been a symbol of mismanagement, corruption, and inefficiency, despite being the custodian of one of the world’s largest oil reserves. The persistent fuel shortages, mounting debts, and inability to fulfill its basic mandate of ensuring energy security have underscored the need for urgent reforms. The recent admission by NNPCL that it is struggling financially—owing international oil traders over $6 billion—highlights the severe crisis facing the company and, by extension, the Nigerian economy. The NNPCL, now existing under the Petroleum Industry Act (PIA) as a limited liability company, was intended to operate…

In a stunning display of economic genius that has left Nobel laureates scratching their heads, the Federal Competition and Consumer Protection Commission (FCCPC) has unveiled its revolutionary strategy to combat Nigeria's skyrocketing inflation: simply telling businesses to charge less money. Who knew it could be so easy? Led by the visionary Tunji Bello, the FCCPC has boldly declared war on the true villains of Nigeria's economic crisis: small business owners and market traders. These nefarious individuals, with their dastardly plots to "stay in business" and "feed their families," have been put on notice. Their reign of terror, characterized by the…

The state of Nigeria's teaching hospitals is a dire reflection of the broader challenges plaguing the nation's healthcare system. Established to serve as centers of medical excellence, these institutions are now themselves in critical condition, grappling with issues that threaten not only the lives of patients but also the economic stability of the nation. The problems are multifaceted. Hospitals like the University College Hospital in Ibadan and the University of Port Harcourt Teaching Hospital face severe shortages in medical equipment and staff. The absence of functioning MRI machines, outdated mammography equipment, and unreliable power supply are not just inconveniences—they are…

In a bewildering turn of events that defies logic and business sense, Nigeria's national oil company, NNPC, has managed to orchestrate what can only be described as the most absurd corporate acquisition in modern history. The saga of NNPC Retail's purchase of OVH Energy Marketing Limited has morphed into a Kafkaesque nightmare where the acquired entity now controls the acquirer, raising serious questions about the competence, integrity, and motives of those at the helm of Nigeria’s national oil company. This farcical transaction, shrouded in secrecy and mired in controversy, represents a gross betrayal of public trust and a blatant disregard…