Africa’s largest oil producer, Nigeria, continues to battle with a painful irony as it remains crippled by fuel scarcity and soaring petrol prices, despite being a nation rich in crude oil. This contradiction has become a major part of the country’s economic reality, placing huge pressure on citizens while raising urgent questions about governance, policy […]
The rise in petroleum price has sparked immediate, widespread economic consequences, largely characterized by surging inflation, reduced consumer purchasing power, and increased operational costs for businesses. The increase cascades through transportation, manufacturing, and food sectors, often leading to reduced economic growth, increased poverty, and potential job losses. According to the latest data from the […]
The Dangote Petroleum refinery and its partners are set to begin selling petrol at N739 per litre, coming two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. The President of the Dangote Group, Alhaji Aliko Dangote, in a chat with journalists at the Lekki refinery, said he was […]