10,000 Nigerian oil marketers risk closure due to low petrol consumption amid high prices.

In Nigeria, 10,000 oil marketers may cease operations due to falling petrol consumption linked to high prices. Meanwhile, 12 governors pardoned 1,780 prisoners to alleviate overcrowding. In business news, Unilever Nigeria saw a 45.84% revenue increase, while the Nigerian Exchange gained N156.91 billion in market cap despite a 33.09% drop in transactions. Nigeria’s inflation rose in September, driven by fuel costs, and cocoa exports surged 304% in Q1 2024.

October 27, 2024
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