Post by Richard Chukwunagorom (@africardo)

Nigeria’s oil paradox:
Global oil prices up
Petrol prices in Nigeria up too.
Even with the Dangote Refinery.
Why?
• Limited crude supply from Nigerian National Petroleum Company Limited
• Long-term crude export contracts
• Importer vs refinery market tensions
• Naira depreciation
For African founders:
Energy volatility is now a core business risk.
#EnergyEconomics #AfricanFounders #NigeriaOil

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