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Campus Drive
Nigeria’s petrol imports have dropped significantly in early October as the Dangote Refinery boosts its production to meet local demand. This information comes from an S&P Global Commodity Insights ship-tracking report released on Tuesday.
The report shows a dramatic decrease in petrol imports. In the first week of October, only 280,400 barrels of gasoline and blend stock entered Nigeria through a single Medium-Range vessel, a sharp contrast to August’s weekly average of 1.3 million barrels.
The trend continued into the second week of October. Only one tanker, carrying 290,567 barrels from Antwerp to Lagos, was reported. These two shipments pale compared to the 12 cargoes sent in the first half of August and September.
North Korea on Thursday announced that its constitution now describes the South as a hostile state, making it the first time Pyongyang is confirming legal changes by the country’s leader Kim Jong Un earlier this year. Relations between the two Koreas have deteriorated since Kim in January defined Seoul as his country’s principal enemy stating that the North was no longer interested in reunification. This is coming after months of […]
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