Month: November 2016

In order to prevent myself from becoming rapacious, I try to reduce the amount of time I spend thinking about money. However, recent developments have forced me to spend a lot of time understanding exactly why money has been behaving so strangely in recent times. 

Photo by Namnso Ukpanah on Unsplash

Nigeria’s petroleum industry is very peculiar. Despite producing 1.75 million barrels of crude oil per day(b/d), they only refine about 24,000 barrels into gasoline, leaving them 384,000 barrels short of meeting daily domestic demand.