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Nigeria loses $1.5bn yearly to monopoly in oil logistics

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Nigeria loses $1.5bn yearly to monopoly in oil logistics
09 April 2016, Lagos – The Chairman of Jagal Group, owners of Nigerdock, Mr. Anwar Jarmakani has said that Nigeria was losing between $3 and $5 on every barrel of oil produced, which translates to $1.5 billion yearly to non-existent laws, which purportedly encouraged monopoly in oil and gas logistics in the country Speaking during a […] More »
Nigeria loses $1.5bn yearly to monopoly in oil logistics Nigeria loses $1.5bn yearly to monopoly in oil logistics Reviewed by Crude Oil Facilitators on 19:14 Rating: 5

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