Victor Enengedi
1377 articles published since 04 Oct 2022
1377 articles published since 04 Oct 2022
Dangote announces the completion of a new refinery in Kenya, set to enhance fuel supply and reduce East Africa's reliance on imports, mirroring the Lagos facility.
Dangote Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, surpassing US exports, amid rising Jet A1 prices and scarcity for Nigerian airlines.
IPMAN anticipates falling petrol prices as marketers buy directly from Dangote Refinery, boosting competition and reducing costs, potentially below N800 per litre.
Tomato prices have more than doubled in many markets across Nigeria, forcing consumers to reduce purchases and use alternative ingredients in their meals.
Naira trades at ₦1,367.29 in the official market, showing stability, while parallel market rates reflect slight depreciation due to steady demand for dollars.
Aliko Dangote said increased private investment in Nigeria's fisheries value chain could create over 500,000 jobs, reduce imports and boost exports
Filling stations across Nigeria including MRS, AA Rano and NIPCO, have reduced petrol prices after Dangote Refinery lowered its ex-depot price to N1,075 per litre.
Dangote Refinery clarifies why petrol prices in Nigeria lag behind global crude declines, while confirming recent price cuts and potential further reductions.
The FG has introduced a Green Tax Surcharge on high-emission vehicles to reduce carbon emissions, alongside tariff adjustments to promote cleaner imports in Nigeria.
Victor Enengedi
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