Dangote Refinery Fuels Monopoly Fears

LagosAfrica’s top oil producer still imports nearly all its fuel.

One refinery, owned by one billionaire, now shapes Nigeria’s currency and fuel supply.

Dangote’s refinery now supplies most of Nigeria’s diesel and petrol, cutting the import bill that drained the naira.

Dangote rejects criticism that his refinery creates a monopoly over Nigeria’s fuel supply.

Dangote plans to double refining capacity and list the company on Nigeria’s stock exchange.

Sources: Al Jazeera Online