The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Petroleum marketers returned to naira transactions at the Dangote Petroleum Refinery on Wednesday after a week of dollar denominated pricing that unsettled Nigeria’s downstream market, but the relief arrived with a higher bill, as the refinery lifted its ex depot petrol price by N140 per litre. A notice issued by the refinery’s commercial department,…
Nigeria’s downstream petroleum sector is bracing for renewed pressure on the foreign exchange market after Dangote Petroleum Refinery scrapped naira pricing for petrol, diesel and aviation fuel, a decision that could oblige marketers to source as much as 1.84 billion dollars every month to keep the pumps running and tie domestic fuel costs directly…
The Nigerian National Petroleum Company Limited has urged the Federal High Court in Lagos to dismiss the Dangote Petroleum Refinery’s bid to halt fuel importation, warning that the refinery’s products are sold at “significantly high and fluctuating market prices” and that granting its requests could hand it monopoly control of Nigeria’s downstream petroleum sector….