EconomyNigeria’s refining revolution has a monopoly problem

Dangote Petroleum Refinery has sharply reduced Nigeria’s petrol imports and raised its crude-processing capacity to 700,000 barrels per day. Its September 14 IPO was described as Africa’s largest ever, but market concentration may prevent ordinary Nigerians from benefiting. Petrol prices have climbed sharply since subsidies were removed, worsening household and inflation pressures.

NigeriaDangote refineryfuel importsmarket concentration

AAl Jazeera★★★☆☆2026-09-22 06:15Original