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 »