News
A Country In Search Of A Miracle By Reuben Abati
“You look tired”
“Ha, my brother. Thanks for being observant. I have been trekking.”
“Trekking?”
“I went to buy fuel at that fuel station by the Estate gate. I had to abandon the car there. On my way back home, I could not find okada or any other form of transportation.”
“All the tricyclists and the okada people claim they have no fuel.”
“It is good for you big men to have a taste of what poor people go through. This fuel scarcity is an effective leveler. It is no respecter of persons.”
“I can’t wait for April 7 to come.”
“What’s special about April 7?”
“That’s the day we are told this scarcity will end, and there will be no more scarcity of petroleum products.”
“You mean a government official actually made such a promise?”
“Yes”
“Then, that official still has a lot to learn. In this kind of matter, you must never give a deadline because you never know. Nigerians will record the date, pretend to be optimistic and wait for you. If you don’t deliver on the said date, you will be branded an incompetent liar!”
“Really?”
“Trust me. Never set a deadline. Never say things such as we will put an end to the Boko Haram menace by June ending. We will deliver 10, 000 MW of electricity by December, and there will be fuel across the country by so-so-and-so date?”
“But I think April 7 is a sure date”
“I like your optimism. You mean by April 7, the pipeline vandals would have stopped stealing?”
“Some concerned Nigerians, particularly Pastors, I understand have been helping the Federal Government to appeal to vandals. They have been telling the vandals that it is not a good thing to steal petrol that belongs to all of us.”
“You want to stop oil theft and pipeline vandalism by preaching? Does anyone know who the vandals are?”
“You know we are a religious nation. When everything fails, we preach. I won’t be surprised to hear that any pipeline vandal who repents will be recommended for a National Honour!”
“In that case, what are you still doing here? You too should become a pipeline vandal, repent and get honoured. Or you don’t want a national honour?”
“Actually, I’d rather ask the vandals to give me fuel from their private depots, so I won’t have to face the stress of looking for fuel.”
“But I thought we were depending on the importation of refined petroleum products. Where are the major marketers?”
“They are there, but they say they can’t help because market forces are now obeying command-and-control, centralized orders which are not good for business.”
“I know. I know. The climate has changed. There is no more free money to share in the name of subsidy. Let the marketers continue to grumble. You know, sometimes I actually feel that if the NNPC can quickly get its acts together and Nigerians can endure a little, this may actually be our opportunity to free Nigerians from the threat of oil marketers.”
“What threat? The marketers are doing business. If the refineries work and fuel supply across the country is well managed, we should not be in this situation. If you frustrate the marketers, whose crime is that they feed off state inefficiency, and you have no alternative in place, this is what you get. The issue is also one of ideological confusion between capitalism and socialism.”
“It is a shame that at a time the international price of crude oil is dropping, Nigerians are having to pay an arm and a leg to get fuel. Right now, a litre of fuel is about N250”.
“It’s more. That is if you get it to buy.”
“Wait a moment. You are panting. What’s that wheezing sound? You may need to see a doctor.”
“I can’t remember when last I trekked.”
“Fuel scarcity is good for you then?”
“How can this suffering be good for anybody? Do you know how many families are now treating heat rash? Not to talk of hundreds of Nigerians who have died looking for fuel?”
“Just see a doctor. If you trek for about 1,000 metres and you are now looking like you want to pass out, then for you fuel scarcity is a major help. If you didn’t have to look for fuel, you’d be dying slowly and you may never know. I think every big man should in fact go look for fuel and trek a little, and listen to the people on the street. Good exercise.”
“You must be joking”
“Well, as it is, it is the poor who are benefitting from the crisis. Many lower class Nigerians now trek to work. They can’t afford the high cost of transportation, so they just hit the road with their feet.”
“You must be kidding me”.
“Two days ago, I saw a long stretch of trekkers, returning from work, moving from Victoria Island to the Mainland, looking like they have accepted their fate.”
“Too much trekking can kill.”
“Looks like that former Minister who once recommended that Nigerians should use the bicycle is about to be vindicated at last. The bicycle will be our best bet under the circumstances.”
“Stop being funny. Families will use the bicycle to take children to school? Or Madam will go to the market riding a bicycle?”
“Nigerians must learn to embrace change. Our problem is that we don’t always see the good sides of everything. Are you aware that this fuel scarcity crisis has created many jobs?”
“You mean it has resulted in many job losses. With the rise in the cost of goods and services, many companies have had to lay off staff. If you spend half of your profit on generating electricity and buying fuel at cut-throat rates, you’d have sooner or later to cut costs. The first casualties are the workers. Even big companies can no longer pay salaries. Small and medium scale enterprises are folding up.”
“In your estate?”
“What do you mean in my estate?”
“Because you see in this life, when some people are crying, some people are smiling. All those boys selling black market fuel in jerry cans by the roadside, I hear they are praying that there should always be fuel scarcity. Many of them are now multi-millionaires.”
“Profiting from other people’s agony. Is that your understanding of how a proper economy works?”
“I am an optimist. Those boys selling fuel are very happy. If there is regular supply of fuel tomorrow, they wont’ be happy.”
“Please stop this cynicism.”
“Cynicism? Look, if this thing continues beyond April 7, don’t be surprised if you see me by the roadside also hawking fuel in jerry cans. I will add some swag to my own; organize the jerry cans nicely and put up a visible sign-board with the inscription: NNPC Mega Station! I have been making enquiries.”
“Your mates are aspiring to own fuel stations, become major marketers, or even own oil fields, your ambition is to sell fuel in jerry cans.”
“Some of those boys selling fuel in jerry cans are university graduates. I did my research. You do yours.”
“You are exaggerating”
“No, I am not. You mean you have not seen Ph.D holders in this country who are working as drivers or running pepper soup joints or selling pure water? You better change your mentality. My friend, try and change.”
“It is not that bad, please.”
“Okay. Are you aware that many graduates are ready to join the Nigeria Police as constables? And they will be glad to be posted to checkpoints where they can check vehicle particulars, and the pockets of motorists.”
“Pockets?”
“Yes. Why do you think there has been such a massive rush for jobs in the Nigeria Police. The Police recently placed an advert asking for applications. The two websites for online application crashed within 4 hours.”
“Wonderful.”
“They are looking for just 10, 000 new recruits. They received more than 8, 000 applications within one hour. If the portals did not crash, there would have been over a million applications.”
“Na wa o”
“Na wa ya o. We really need a miracle to happen.”
“No fuel. No electricity. No rainfall, either, as if God is holding on to the rains. Everywhere is so hot. I hardly sleep at night.”
“I still think you should see the doctor. And luckily for you, you may not have to pay the hospital.”
“How do you mean?”
“The Minister of Health has just directed all teaching hospitals and government-owned hospitals to treat patients free of charge.”
“Indigent patients or every patient?”
“We are all indigent, my friend.”
“But I don’t know why you take the Minister serious. You and I know he is just talking. No hospital will listen to him. And by the way, is he in a position to give such directives to state-owned hospitals? Even the ones owned by the Federal Government, do they have enough funds to embark on free healthcare? Government officials just must talk.”
“You can’t say that until you find out.”
“No. I don’t need to find out. I know.”
“Just take care of your health. I don’t want it said that you slumped while looking for fuel.”
“I’ll be fine”.
“Nigeria too will be fine. You remember that baby girl who was shown looking malnourished, and emaciated four months ago. Adacheka. And the boy now called Hope who was found in Akwa Ibom, left for dead, emaciated and sickly, in January. When I see the pictures of both children and how they have been saved, I think of our country, Nigeria. Miracles still happen.”
“I don’t believe in miracles any more.”
“Why not? Nigeria will soon start operating on nuclear energy level.”
“Really? People look for miracles when they are desperate or losing hope. In football, for example, Nigerians are looking for miracles right now. The Super Eagles have disappointed the nation. Indigenous coaches have failed us. From Stephen Keshi, to Austin Eguavoen, Samson Siasia and Sunday Oliseh, no hits, back to back, all na failure.”
“You don’t become a successful coach and manager just because you once captained a team. You need technical skills. You need the right people.”
“That-is-the-point!”
News
NECO Releases 2026 SSCE Results as 58.67% Secure English, Maths Credits

The National Examinations Council (NECO) has released the results of the 2026 Senior School Certificate Examination (SSCE) Internal, with 58.67 per cent of candidates obtaining at least five credits, including English Language and Mathematics.
NECO Registrar and Chief Executive, Professor Dantani Wushishi, announced the results on Thursday at the council’s headquarters in Minna, Niger State.
A total of 1,378,048 candidates registered for the examination, comprising 682,352 males and 695,696 females. Of the registered candidates, 1,371,992 eventually sat for the examination.
According to NECO, 804,948 candidates, representing 58.67 per cent, obtained five credits and above, including English Language and Mathematics. Another 1,162,118 candidates, representing 84.70 per cent, obtained at least five credits irrespective of their results in the two subjects.
The 2026 examination was conducted between June 15 and July 23 across Nigeria and six foreign countries: Benin Republic, Equatorial Guinea, Niger Republic, Côte d’Ivoire, Togo and Saudi Arabia. The nationwide marking exercise took place from August 17 to September 4.
NECO also reported a significant reduction in examination malpractice. The council said the number of candidates involved in malpractice fell from 3,878 in 2025 to 1,406 in 2026, representing a 64.74 per cent decline.
The registrar attributed the reduction to strengthened examination monitoring, improved processes and collaboration with security agencies and other stakeholders.
The council also disclosed that candidates with special needs participated in the examination, as part of its efforts to make the examination process more inclusive.
NECO said candidates can now access their results through its official result-checking platform using their examination registration details.
The release of the results comes 63 days after the conclusion of the 2026 SSCE examination.
News
Nigeria’s FX Supply Rises 20.5% to $8.94bn in 2025

Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025, up from $7.43 billion recorded in 2024, according to data from the Central Bank of Nigeria (CBN).
The figures were contained in the apex bank’s 2025 Statistical Bulletin and represent an increase of about $1.51 billion in annual foreign exchange supply.
Monthly figures showed that supply remained relatively low at the beginning of 2025 before rising significantly in March and April.
FX supply stood at $590.64 million in January and $607.63 million in February. It then climbed to $1.04 billion in March before reaching its highest monthly level of $1.65 billion in April.
However, supply declined in the following months, falling to $838.93 million in May and $676.31 million in June. It recovered slightly to $759.02 million in July before dropping to $677.84 million in August and $399.80 million in September.
October recorded the lowest monthly figure for the year at $150.10 million. Supply later recovered to $638.38 million in November and $910.73 million in December.
The CBN also reported that total foreign exchange inflows into Nigeria rose from $96.53 billion in 2024 to $109.86 billion in 2025, representing a 13.81 per cent increase.
However, foreign exchange outflows also increased during the period, rising by 27.83 per cent from $38.37 billion to $49.05 billion.
As a result, Nigeria recorded a net foreign exchange inflow of $60.81 billion in 2025, compared with $58.16 billion in 2024.
The CBN data, however, do not provide a detailed breakdown of the sources of the $8.94 billion supplied during the year.
The increase in FX supply comes amid continued efforts to improve liquidity and stability in Nigeria’s foreign exchange market, although the market remained volatile in 2026.
News
Dangote Reacts to Viral Memes as Nigerians Joke About Refinery Ownership

Africa’s richest man and President of Dangote Group, Aliko Dangote, has reacted to the wave of viral memes generated by Nigerians who recently bought shares in the Dangote Petroleum Refinery.
The memes emerged following the launch of the refinery’s Initial Public Offering (IPO) on the Nigerian Exchange on September 14, with investors jokingly presenting themselves as business partners and co-owners of the multibillion-dollar refinery.
Dangote addressed the trend while speaking with CNN correspondent Larry Madowo at the Unstoppable Africa 2026 summit in New York.
The billionaire said the IPO was designed to attract investors from across Africa, with an ambition of having up to 10 million shareholders.
According to Dangote, the objective is to broaden ownership and increase participation in Africa’s capital markets.
He also expressed confidence in the future value of the company, saying the share price would continue to grow and that he expected the refinery to become Africa’s most profitable company.
The viral memes began after the minimum subscription was set at 10 shares, allowing more Nigerians to participate in the offer with a relatively small amount of money.
Some new shareholders jokingly demanded board meetings, while others posted memes portraying themselves as senior executives of the refinery. The trend even inspired humorous videos from Nigerian comedians and content creators.
Reuters also reported that the IPO triggered significant interest among retail investors, with some digital investment platforms experiencing technical difficulties as people rushed to participate.
The Dangote Refinery IPO involves 4.1 billion ordinary shares, with the offer scheduled to close on October 13, 2026. The funds are intended to support the company’s expansion plans, including an increase in refining capacity.
Dangote also said the expected number of shareholders could be so large that the company’s annual general meeting would need to be held in a stadium.
The development has turned what is essentially a major capital-market transaction into a major social-media talking point, with Nigerians using humour to celebrate their newly acquired stakes in one of the country’s biggest industrial projects.
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