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

BBC Business LogoBBC Business4d 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".


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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 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 2392 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: 23723158

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 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

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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