EIU Says Dangote Refinery Reduces Import Dependence, Supports GDP, FX Earnings

The operational ramp-up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined petroleum products and strengthening its external position, according to the Economist Intelligence Unit (EIU). In its latest assessment of Nigeria’s fuel market and regulatory environment, the […]

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