Breaking News: Kano base Business mogul A A RANO has officially announced that hence forth he will be selling petroleum products in all his filling stations across Nigeria at the Rate of #107 per litreâ€¦..Removal of subsidy has started yielding fruits to Nigerians.
The competition has already started. By the time it is in full force, what has happened in the telecoms industry will be childâ€™s play because there are so many more players in the downstream oil sector. Soon, these importers will also have to compete with Dangote who will be refining 750,000 barrels locally (which is 1.5 times the combined capacity of all 3 NNPC refineries). The common man will be the ultimate beneficiary