Imperfect Market Of Nigeria’s Oil Sector

An inexplicable lacuna exists between monopsony downstream petrol cartel buyers – Nigeria National Petroleum Company Limited (NNPCL), Major Energies Marketers Association of Nigeria (MEMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) – and monopoly supplier, Dangote Refinery. The feints and thrusts of players in the midstream and downstream sectors of the imperfect market of [...]

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