BEAMSTART Logo

Who wins when Nigeria's richest man takes on the 'oil mafia'?

BBC Business LogoBBC Business1d ago

Who wins when Nigeria's richest man takes on the 'oil mafia'? - BBC Business

Quick Summary:

Having built a $20bn oil refinery, Aliko Dangote is now at the heart of a row in the murky industry.

Nigerian oil expert Kelvin Emmanuel says in 2019 the country’s official petrol consumption "jumped by 284% to 70m litres per day without empirical evidence to justify such a sharp increase in demand".

On his second day in office Nigeria’s Vice-President Kashim Shettima referred to "the fuel subsidy scam" being "an albatross around the neck of the economy".


More Pictures

Who wins when Nigeria's richest man takes on the 'oil mafia'? - BBC Business (Picture 1)

or

Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 00:30:25 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 2393 words

Reading Time: 14 minutes read

Sentences: 101 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23661049

View Article Analysis

About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 3 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Who wins when Nigeria's richest man takes on the 'oil mafia'?" has 2393 words across 101 sentences, which will take approximately 10 - 20 minutes for the average person to read.

Which news outlet covered this story?

The story "Who wins when Nigeria's richest man takes on the 'oil mafia'?" was covered 1 days ago by BBC Business, a news publisher based in United Kingdom.

How trustworthy is 'BBC Business' news outlet?

BBC Business is a fully independent (privately-owned) news outlet established in 1922 that covers mostly business news.

The outlet is headquartered in United Kingdom and publishes an average of 3 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23661049
  • URL: https://beamstart.com/news/who-wins-when-nigerias-richest-17319380693218

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.