"Hidden costs and mark-ups
The current situation is further exacerbated by the abolition of government subsidies for oil products, as well as by Nigeria's state oil company's crude-backed loans.
This means that part of the country's future crude production to is allocated to repaying debts, leaving the Dangote Refinery to have to import its crude to refine — rather than making use of Nigeria's own reserves."
Framing: mixed ·
First seen: 2026-08-26 ·
Last seen: 2026-08-26 ·
Spread: 1 articles