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The Enemy Within: On NNPCL GMD Bayo Ojulari’s Frenemies

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By Lanre Alfred

I have often said that the most dangerous wars are not fought in the deserts of Sambisa or the swamps of the Niger Delta; they are planned over champagne glasses in Maitama lounges, perfected in the conspiratorial corners of Abuja cocktail parties and waged in polished boardrooms.

Power in Nigeria is never left unchallenged, and if you imagine that enemies disappear because you survived one storm, then you are already courting disaster.

Which is why I find myself deeply unsettled by what I hear whispered in hushed tones about Bayo Ojulari, the Managing Director of the Nigerian National Petroleum Company Limited (NNPCL)....click link for details

Saboteurs Hinder Transformation, Says NNPCL Management

He believes, so I hear, that the storm around him has passed. He assumes that because he has not been dragged into yet another public scandal in recent weeks, the vultures have abandoned their hunt.

Nothing could be further from the truth. If anything, the vultures are circling closer, hungrier, and deadlier than before.

And I say this with the conviction of one who has lived long enough in high society’s theatre of intrigue to know that the fiercest daggers are not wielded by enemies at the gate but by friends at the table.

The storm around Ojulari is not over, it has only gone underground. The cabal that once sought his head has not retired to the shadows in defeat; they have regrouped, reorganised, and this time, their playbook is sharper.

The story making the rounds in select Abuja drawing rooms is chilling. A high-ranking member of Ojulari’s own management team, yes, a man who sits across from him in meetings, who addresses him as “sir” with practiced deference, has now become the lead conspirator. This individual, from what I am told, has positioned himself as the mole, the inside man, feeding external traducers with information, documents, and ammunition that could destabilise Ojulari’s tenure.

This is the cruel irony of power: the most dangerous enemy is always the one who knows your schedule, your weaknesses, your blind spots. I do not envy Ojulari. Imagine sitting in a boardroom, trading jokes with a man who has already drafted your obituary in the corridors of influence.

But Abuja is Abuja. Here, betrayal is not a character flaw; it is a survival tactic. And if Ojulari is not yet fully awake to this reality, then the next ambush may very well end his career.

Unlike the first round of attacks, which were noisy and visible, this fresh batch of assaults is being fine-tuned to be surgical. I have heard whispers of dossiers, files thick with allegations, some perhaps exaggerated, others entirely fabricated.

These dossiers, according to insiders, are being prepared to be leaked to the media and the power brokers who matter, those who have the ears of President Bola Tinubu.

And make no mistake, Abuja thrives on perception. In this city, a rumour repeated often enough acquires the texture of fact. A rumour in Asokoro can become a headline in Lagos within 24 hours. By the time Ojulari hears the story, it may already be too late.

Pundits are quick to say this is the cabal fighting back. And they are right. Nigeria’s oil and gas industry has never been a playground for the fainthearted. The entrenched interests who feel sidelined by Ojulari’s policies are not the type to lick their wounds quietly. They are used to getting their way; they are used to cutting deals in the dark. For them, Ojulari is an inconvenient roadblock, a man whose tenure threatens the delicate balance of influence that has lined pockets for decades.

So, of course, they want him out. And, of course, they will not stop until they achieve it. But the intrigue takes a darker twist when you consider the speculation that if Ojulari has soiled his hands even slightly; by signing off on a questionable contract, overlooking a misstep, or failing to cover his tracks, the cabal will weaponise that evidence against him. In other words, if he has given them a nail, they will build a coffin around it.

What unsettles me most is not the cabal, it is the fact that the betrayal is internal. Abuja society is full of stories like this. I recall a certain parastatal head who, believing he had defeated his enemies, threw a lavish party at the Hilton, only to discover months later that the man leading the charge to remove him was the “loyal subordinate” who toasted him at the event. History is full of such tragedies.

The lesson is simple: the enemy within is always deadlier than the enemy outside. Outside enemies may threaten, but inside enemies are deadlier.

If I were in Ojulari’s shoes, I would not sleep with both eyes shut. I would first tighten my house, conduct loyalty checks, and identify the moles. It is not paranoia, it is survival. Every empire has fallen because the emperor trusted the wrong man at the wrong time.

Second, Ojulari must embrace transparency like a shield. The moment a fresh rumour or narrative is launched, he must counter it with facts. Delay is fatal. In Abuja’s gossip economy, silence is rarely golden; it is a death sentence.

Third, and perhaps most importantly, he must reposition himself as indispensable to President Bola Ahmed Tinubu’s larger economic reforms. Because in this city, relevance trumps innocence. If Tinubu sees him as integral to his oil and gas vision, the cabal’s darts may bruise but they will not bury him.

Permit me, at this juncture, a detour into the cocktail circuit, because that is where much of this war is being plotted. I was recently at a dinner in Maitama where a senator leaned over his wine glass and said, “Ojulari does not know what is coming.” The table chuckled knowingly. This is how Abuja operates; wars are fought with official memos and in coded jokes at private dinners.

In Wuse II lounges, among the city’s nouveau riche, the talk is already that Ojulari is a marked man. Some believe he will not last the year; others insist Tinubu will protect him because “Baba does not like to be seen as succumbing to blackmail.” But the fact that his fate is a topic of casual conversation at high-society gatherings tells you everything; you are only safe in Abuja when nobody is talking about you.

Ojulari’s case is a reminder of how fragile power is in Nigeria. Today, you are celebrated with front-page photographs and glowing press releases. Tomorrow, you are the subject of a leaked dossier, your name smeared in WhatsApp groups, your allies deserting you one by one.

I remember the story of a certain former minister, a man once hailed as the “star boy” of his administration. One day, he was the darling of the President; the next, he was left out in the cold, betrayed by those he thought loyal. Abuja does not do permanent friends, it only does permanent interests.

And so, I return to my refrain: the storm is not over. It has only gone quiet, and quiet storms are the deadliest. Bayo Ojulari must not be lulled into a false sense of security. The enemy is not at the gate, the enemy is in his team. And unless he sharpens his instincts, fortifies his alliances, and stays two steps ahead, he may yet be unceremoniously booted out of office.

 

Source: Thecapitalng

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RVEALED: Meet The Owners of Nigeria’s Commercial Private Jet Companies

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In the past two decades, Nigeria’s skyline has become an unexpected stage for a drastic rise in private aviation, as reported by Nairametrics

What was once a rare symbol of elite mobility has grown into a fleet of well over a hundred business jets crisscrossing domestic and international routes.

According to industry figures, the number of private business aircraft operating in the country climbed from just 44 in 2005 to 157 by 2024, a surge of more than 350% that reflects both expanding wealth and shifting travel habits among the nation’s affluent.

Flying a private jet is not just about convenience; it’s about connecting business faster, offering access where commercial airlines cannot, flexibility, and providing a level of service that combines luxury, reliability, and exclusivity.

These jets allow business moguls, musicians, athletes, and other high-net-worth individuals to move quickly, either for work or leisure.

Flying a private jet is costly; flights start at around $3,000 and above, depending on the aircraft, distance, and level of luxury, making these jets accessible to only a select group of Nigeria’s economic elite.

The private jet business in Nigeria is built on relationships, trust, and discretion. Most clients come through referrals, with operators rarely advertising broadly.

Every flight is a careful balance of strict safety standards, experienced crews, and regulatory compliance from air operator certificates to international operational approvals.

This article explores the individuals driving Nigeria’s private jet market, investing heavily in one of the most elite forms of personal transport.

Here are the owners of commercial private jet companies in Nigeria

11. Yemi MacGregor- Stargate Jets Services Limited
10. Segun Demuren- Founder, Evergreen Apple Nigeria
9. Chukwuerika Achum- Founder, Falcon Aerospace Limited
8. Sam Iwuajoku- Founder, Quits Aviation Services and CEO ExecuJet Aviation Nigeria
7. Atedo Peterside- Founder, Anap Business Jets Limited
6. Samuel Salihu – CEO Private Business Jet Charter
5. Wisdom Ntoto – CEO Jetlyfe Aviation Ltd
4. Captain Ahmed Borodo- CEO Flybird Aviation
3. Dr. Ernest Azudialu Obiejesi -CEO Nesto Aviation Services Limited
2. Captain Edward Boyo –CEO Landover / Overland Airways
1. Dr. Elizabeth Jack-Rich- Founder, Elin Group Limited

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Black Market Naira To Dollar Exchange Rate Today 12th January 2026

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What is the Dollar to Naira Exchange rate at the black market, also known as the parallel market (Aboki fx)?

You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1490 and sell at N1505 on Sunday, 11th January 2026 according to sources at Bureau De Change (BDC).

Black Market Exchange Rate Today 12th January, 2026
Buying Rate N1485
Selling Rate N1500

The exchange rate between the US dollar (USD) and the Nigerian naira (NGN) which rate we have given above; is a topic of high constant interest for people who are Nigerian and businesses and policymakers in Nigeria.

This rate of dollars to naira exchange rate influences not only the cost of imported goods but also the cost of travel, international education, and even local prices of certain commodities.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

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BREAKING: Petrol Depot Owners Crash Prices To Cheapest; Details Emerge

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Petrol prices at Nigerian depots have dropped to their lowest levels in months as intense competition grips the downstream market, following the apparent collapse of the fuel supply agreement between the Dangote Petroleum Refinery and independent marketers.

Fresh findings show that depot owners have slashed ex-depot prices to as low as N710 per litre, a sharp reversal from the steep hikes recorded just weeks earlier.,

In the first week of January 2026, depot owners sharply increased gantry prices after reports emerged that the Dangote Refinery had shut down its petrol production unit for maintenance.

Although the refinery denied the reports, the speculation was enough to jolt the market.

Depot prices surged, and the increases quickly filtered through to filling stations nationwide.

Independent marketers raised gantry prices from around N720 per litre to over N800 per litre, with analysts noting that depot operators were exploiting uncertainty surrounding Africa’s largest refinery.

Depot owners reverse course as competition intensifies
The price spike, however, has proven short-lived.

Checks reveal that depot owners have now reversed course, cutting prices aggressively to stay competitive with Dangote Refinery’s pricing structure, especially as fresh fuel imports enter the Nigerian market.

Data from PetroleumPriceNG shows that several major depots reduced prices significantly in recent days.

As of Sunday, January 11, 2026, ShellPlux sold petrol at N710 per litre, MAO at N715, while A.Y.M.

Falling crude oil prices add more pressure
Energy experts say global oil market dynamics are also contributing to the decline in local petrol prices.

“Crude oil is currently trading between $50 and $60 per barrel in the international market,” energy policy analyst Adeola Yusuf told Legit.ng.

According to him, ongoing geopolitical tensions involving Venezuela and Iran have pushed crude prices lower, with direct implications for refined fuel costs.

“Crude oil is often used as a political tool and is highly sensitive to geopolitical developments. When prices drop, refined product prices usually follow, especially in domestic markets,” Yusuf explained.

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