Oil production is still a major source of income and a substantial contributor to the GDP of many African countries, making it a reliable resource| Business Insider Africa
According to current statistics from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marketers have recommenced large-scale imports of refined petroleum products, bypassing domestic refining possibilities, most notably the $20 billion Dangote Petroleum Refinery in Lekki| Business Insider Africa
Following accusations of Aliko Dangotes preference for foreign partnerships, Africa’s richest man recently announced that Nigerians would soon be able to own shares in the Dangote Refinery| Business Insider Africa
The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), often known as petrol, following a one-week ban, but at a higher ex-depot price of N850 per litre, up from N820| Business Insider Africa