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Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, in a move expected to ease fuel costs and stabilise Nigeria’s downstream petroleum market. The refinery announced the development in a statement issued on Sunday, describing the…
A major petrol price reduction is expected to take effect this week as MRS Oil and Gas and other partners of the Dangote Petroleum Refinery prepare to sell fuel at N739 per litre nationwide, barring any last-minute changes. The development follows a recent decision by the Dangote Refinery to reduce its petrol gantry price from…
A few days ago, news broke out that the Nigerian National Petroleum Corporation (NNPC) has moved to acquire 20 per cent stake in the 650,000 barrels per day from Dangote Refinery in Lagos. The corporation in a follow-up statement signed by its Group General Manager Group Public Affairs Division, Dr Kennie Obateru explained that the…
Competition is not strange in business. The spirit of competition has that unique capacity to engender more efficient production processes or create a pathway for the invention of new or better products. It provides an avenue to help businesses identify consumers’ needs—and then develop new products or services to meet them. In the Nigerian business…
Nigeria’s sugar industry has been in existence since the 1960s although, for years, it could only supply about 2% of the country’s requirement. This is in spite of the comparative and competitive advantage sugar production has in the country. This poor performance stripped the country of virtually all the benefits that could have accrued from…
