This is a Nigeria news story, published by BBC, that relates primarily to Nigeria news.
For more Nigeria news, you can click here:
more Nigeria newsFor more Nigeria news, you can click here:
more Nigeria newsFor more Africa business & economics news, you can click here:
more Africa business & economics newsFor more news from BBC, you can click here:
more news from BBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about Africa business & economics, you might also like this article about
Nigerian National Petroleum Company. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest best business news Nigeria news, oil mafia news, news about Africa business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Nigerian business tycoon Aliko DangoteBBC
•
75% Informative
Aliko Dangote's $ 20bn state-of-the-art oil refinery should be some of the best business news Nigeria has had in years .
Many Nigerians will judge its success on two key questions: "Will I get cheaper petrol?" And secondly:"Will I still have to spend hours watching my hair turn grey in a hypertension-inducing fuel queue?".
Dangote's refinery near Lagos is thirsty, with a capacity of 650,000 barrels of crude a day.
It follows a row over supply and pricing.
Nigeria ’s crude oil is low in sulphur and, as one of the most prized in the world, fetches a higher price than many of its competitors.
Nigeria 's oil production has plummeted in recent years from around 2.1 million barrels per day in 2018 to around 1.3 million barrels a day in 2023 .
The NNPC has been stressing oil theft as the number one reason why production has dropped.
A feud between regulator and Dangote over supplies and pricing has rumbled on and morphed into another row with local fuel traders refusing to buy from the new refinery.
VR Score
73
Informative language
68
Neutral language
53
Article tone
informal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Affiliate links
no affiliate links