Nigeria’s Energy Inflation Drops to Four Month Low as Fuel Markets Shift

Official figures from the National Bureau of Statistics indicate Nigeria’s energy inflation dropped to 4.37 percent in July, hitting a four-month low. A brief decline in international crude oil benchmarks permitted the Dangote Refinery to reduce its wholesale petrol price to ₦1,075 per litre early in the month. Subsequent global supply shocks pushed crude prices […] The post Nigeria’s Energy…