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Nigeria's leading finance and market intelligence news report.

Lubricants prices up 200% on poor local capacity, import dependence

...as Nigeria’s $683m lubricant market in coma

In Africa’s biggest oil-producing country, the price of lubricant, a by-product of crude oil, has skyrocketed as high as 200 percent with businesses suffering more from rising operational cost while Nigeria’s projected $683 million lubricant market continues to face investor apathy. From heavy manufacturers to small retail businesses, this rise in lubricant price translates to…

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