Importers seek alternative market as Dangote, NNPC's petrol price slash spoils market

  • In an effort to balance their mounting losses, importers are searching for alternative markets and battling for survival
  • This is because of the intense competition between Dangote Refinery and NNPC Retail Ltd., which drives down the price of petrol
  • The market turbulence has taken marketers by surprise, and they are now facing significant and unforeseen losses

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Importers are fighting to stay afloat and looking for alternate markets to offset growing losses as NNPC Retail Ltd. and Dangote Refinery engage in fierce competition that pushes down petrol prices.