Aliko Dangote, President of the Dangote Group, on Monday reacted sharply to criticisms from the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) over Dangote Refinery’s recent fuel price reduction, calling the union’s warning misleading and reaffirming his company’s commitment to easing fuel scarcity and lowering costs.

The Dangote Group has refuted claims that its refinery sells petrol to international traders, including those in Togo, at lower prices than those offered to Nigerian marketers.

The Dangote Refinery on Monday officially rolled out its compressed natural gas (CNG)-powered trucks for direct fuel distribution, with over 1,000 vehicles deployed to the gantry for loading.

Aliko Dangote, has stated that the nation’s 50-year battle with fuel queues has come to an end, following one year of petrol production at the company’s 650,000 barrels-per-day facility.

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate declined to 20.12 percent in August — down from 21.88 percent in July.

The federal government has suspended the newly introduced free on board (FOB) levy collected by the Nigeria Customs Service (NCS) on imported goods with immediate effect.