The Business NG - September 09, 2024
The Business NG - September 09, 2024
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In this issue
Nigerians Lament as Fuel Price Hike Crisis Continues: Dangote Accused of Manipulation
Nigerians are groaning under the weight of an unresolved crisis between the Nigerian National Petroleum Company (NNPCL) and Dangote Refinery, which has led to a fuel price hike that shows no signs of abating. The crisis has sparked intense debate and concern among stakeholders, with many calling for urgent action to resolve the impasse.
Aliko Dangote has been accused of playing high-wired politics with President Bola Ahmed Tinubu and the Federal Government over fuel price fixing. A presidential aide claimed that the Dangote Refinery is running away from pricing to avoid looking bad to Nigerians.
The official, who spoke on condition of anonymity, noted that the refinery is the sole determinant of pricing and cannot sell fuel below its cost price. This has led to accusations that Dangote is manipulating fuel prices for political gain.
NNPCL has clarified that it is not the sole off-taker for petroleum products across Nigeria, contrary to claims by MURIC. However, the statement has done little to alleviate the concerns of Nigerians, who are struggling to cope with the rising cost of fuel.
The Business NG Newspaper Description:
Publisher: Tuns Media & Comm Enterprise
Category: Newspaper
Language: English
Frequency: Semi-Weekly
The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level
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