CNBCAfrica

  Nigeria's Dangote oil refinery possesses a reserve of 500 million litres of petrol, according to its billionaire founder, refuting assertions from marketers that they require additional imports to address fuel shortages. CNBCAfrica indicates that, in response to the situation, Nigeria's President, Bola Tinubu, convened a meeting on Tuesday in Abuja with oil regulators, the head of the state-owned NNPC, the finance minister, and Aliko Dangote.