Concerns over a possible monopoly in Nigeria’s downstream petroleum sector are growing after the suspension of petrol imports left the Dangote Refinery controlling the bulk of the country’s estimated N14.4tn petrol market. Stakeholders, including energy experts, economists and labour leaders, have called for stronger regulatory oversight and increased competition asContinue Reading
Edun believes local refining has been helpful to the economy. Nigeria’s Minister of Finance, Wale Edun, says the current increase in fuel prices reflects prevailing market realities, urging Nigerians to appreciate the country’s growing local refining capacity. Speaking during an interview on the Politics Today aired on Channels Television, EdunContinue Reading
U.S. President Donald Trump Alex Wong/Getty Images/AFP United States President Donald Trump has signaled that the ongoing war between the US and Iran may end soon, claiming there are few remaining military targets left in the country. In an interview with Axios on Wednesday, Trump said the conflict, which beganContinue Reading