Nigeria’s Fuel Market Faces Turbulence as Dangote Reenters the Arena
Analyzing the Competitive Pricing Strategy of Dangote Refinery
The recent moves by the Dangote Refinery to cut fuel prices are not just a reaction to market dynamics; they mirror a calculated strategy reminiscent of past actions. Earlier this year, the refinery's tactics stirred a pricing war with the Nigerian National Petroleum Corporation (NNPC), effectively reshaping the country's fuel landscape. It prompts one to ask: how much influence can a single player have in such a pivotal market?
Last week, the Dangote Oil…