Nigeria’s downstream sector

Experts say the deregulation of the downstream sector will improve the efficient use of scarce resources, end the scarcity of products, and improve the sector as operations will be governed…

Nigeria’s biggest downstream firms collectively raked in N182.57 billion from their lubricants business in December 2022, a 30 percent increase compared to N140.6 billion in December 2021,…

Keeping businesses afloat in Nigeria’s downstream sector has become extremely tough. A lot of companies have divested and the few existing ones have reduced their labour force to stay in…

Nigeria’s biggest downstream firms paid N5.2 billion tax to the Federal Government in the first six months of 2022 despite the sector facing challenges from a dirty petrol saga and…

In order to achieve stronger economic development, Ben Akabueze, the Director General of the Budget Office of Nigeria has advised the Federal Government to deregulate Nigeria's downstream…