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Vol 65 No 17

Published 23rd August 2024


Nigeria

Dangote and Tinubu wrestle over the future of oil

The vested interests of the political class are driving the public fight over a US$20 billion refinery and may determine its fate

The threat of more mass protests and the spiralling cost of petrol, over 1,000 naira (62 US cents) a litre in parts of Nigeria, have played to Aliko Dangote’s advantage in his latest battle with President Bola Tinubu’s government. It has also forced all sides in the shadowy oil trading business to be more accountable about pricing and product specification.

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