Tag: Fuel Pricing

Fuel Marketers Earnings Crash 60% as Deregulation, Local Refining Shake Nigeria’s Oil Market

Business Damilola Bayonle -
Fuel marketers earnings crash 60% as downstream sector faces intense pressure Nigeria’s downstream petroleum industry is undergoing a major structural...

Why petrol price drops slowly in Nigeria — MEMAN reveals the real reasons

Business Damilola Bayonle -
Nigeria’s downstream petroleum market continues to generate debate as consumers grapple with persistent fuel price volatility. Industry operators have...

Petrol price surge: Marketers urge FG to subsidise crude to avert fuel shock

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector is once again under pressure as a recent uptick in global crude oil prices triggers...

Dangote refinery deal backfires: Fuel imports skyrocket, marketers abandon ship

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following the breakdown of a high-profile fuel supply arrangement...

Tinubu approves bold 15% import duty on petrol and diesel to strengthen local refining

Business Damilola Bayonle -
In a decisive policy move aimed at reshaping Nigeria’s downstream oil sector, President Bola Tinubu has approved the introduction...