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Deals News Oil & Gas

Can Dangote’s 650,000 bpd turn the naira around?

Nigeria may be on the cusp of a significant shift in its energy and foreign exchange landscape, following the Dangote Petroleum Refinery’s achievement of full operational capacity. Chairman of First HoldCo, Femi Otedola, expressed optimism that the naira could strengthen substantially in the coming months, projecting that the currency may trade below ₦1,000 per dollar […]

News Oil & Gas

Dangote Refinery: Coastal logistics threatens Nigeria’s petrol price

Nigeria’s long-awaited domestic refining breakthrough is facing an unexpected stress test. The challenge appears not from crude supply, capacity, or foreign exchange, but from how fuel is moved after it is refined. The Dangote Petroleum Refinery, on Thursday, warned that dependence on coastal logistics could push petrol prices towards ₦1,000 per litre, highlighting a critical […]