…them unprocessed. Uganda, for example, has several artisanal gold mines but very limited refining capacity, which means much of the value leaves the country before export. Our role is to build transparent financial rails that give foreign investors confidence in where capital is going. Investors can track projects in r…

…that the era of government-fixed fuel prices was over, stressing that increased domestic refining capacity would naturally lead to more competitive pricing and improved energy security. Similarly, the Nigerian Midstream and Downstream Petroleum Regulatory Authority has repeatedly stated that petrol prices must remain c…

…reduction of N6. The Lagos market continues to reflect the impact of increased domestic refining capacity and stronger competition among suppliers, particularly following the growing role of local refiners in meeting national fuel demand. In Port Harcourt, depot prices also recorded mixed movements. Automotive Gas Oil…

…refineries, including the Port Harcourt and Kaduna Refineries. He said that the domestic refining capacity would enhance competition, diversify supply sources, and contribute to greater price stability in the petroleum sector.

…of market-based fuel pricing, changing supply-chain dynamics, and increasing domestic refining capacity reshaped competitive conditions across the sector. While these structural reforms are expected to strengthen the long-term sustainability of Nigeria's energy […]