Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
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Nigeria becomes top crude buyer from US as Dangote Refinery drives oil trade reversal
Nigeria has emerged as a top buyer of US crude oil, driven by the 650,000 bpd-capacity Dangote Refinery, which has increased crude imports from the country.
Dangote Refinery sees low activity as Lagos depots trigger petrol price war with cuts
Depot owners are slashing petrol prices fast, leading to marketers choosing to stay away from Dangote Refinery, which sells petrol at N820.50 per litre.
Suppliers threaten to halt operations over Dangote refinery’s direct sales plan
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NNPCL posts N905bn profit as Nigeria’s oil output hits 1.68 million barrels daily
The Nigerian National Petroleum Company Limited (NNPCL) has announced a massive post-tax profit of N905 billion in June amid an increase in crude output.
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