Former Minister of Transportation Rotimi Amaechi has voiced his frustration over Nigerians’ complacency amidst worsening economic challenges. In an interview with Igbere TV, Amaechi criticised the lack of proactive responses, particularly from the youth, in the face of rising living costs. Amaechi, who previously served as the governor of Rivers State, expressed surprise at the … Read more
Petroleum marketers in Nigeria have raised concerns about the negative impact of Dangote Refinery’s reduced diesel prices on their businesses. In a letter addressed to President Bola Tinubu, the marketers stated that the refinery’s recent decision to lower local diesel prices to ₦900 per litre is adversely affecting their operations. EDITOR’S PICKS Police Arrest Man … Read more
Independent petroleum marketers in Nigeria are expecting petrol from the Dangote Petroleum Refinery to be priced between ₦600 and ₦650 per litre when it becomes available in the market. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed optimism in an interview with Punch that the $20 billion Dangote … Read more
Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Dangote Petroleum Refinery has raised diesel prices from ₦940 to ₦1,100 per litre due to the Nigerian naira’s depreciation. The price adjustment reflects the refinery’s responsive pricing strategy in line with market dynamics and follows earlier reductions. The increase is attributed to the adverse effects of the naira’s instability against the US dollar, as stated … Read more
Dangote Predicts New Dollar To Naira Exchange Rate, Diesel Price. He expects a reduction in inflation following discussions with President Tinubu. Dangote emphasizes the importance of supporting government efforts to improve the economy. EKO HOT BLOG reports that Nigerian billionaire businessman, Aliko Dangote, has noted an improvement in diesel prices alongside a potential further drop in … Read more