gasoline

Expanding Horizons: The Impact of Dangote Refinery on Global Fuel Markets The Dangote Refinery is making headlines with its ambitious move to export 90,000 metric tons of gasoline to Asia. This shipment signifies a pivotal moment, as it will be the refinery's first gasoline venture beyond the confines of West Africa. A source familiar with the transaction outlined that the trading firm Mercuria is set to load this significant cargo on June 22, 2023, which will undoubtedly set the stage for a new chapter in the refinery's…

Nigerian fuel traders are navigating a challenging landscape filled with unmet expectations. Despite proclamations made six months ago that the state-owned Port Harcourt and Warri refineries were ready for operation, traders still find themselves struggling to secure gasoline from these facilities. It raises an important question: How long can a nation, rich in resources, rely on aging infrastructure? This situation has led traders to maintain their dependence on imports and the privately-owned $20 billion Dangote…

In tonight's edition: The leader of the continent's largest crude oil producer apologizes to the country for fuel shortages. Nigerian President Muhammadu Buhari said the race was also on to resolve a national grid outage. Meanwhile, our reporters follow a…