Conoil profit slump sees 77 percent drop in earnings as higher borrowing costs and weaker fuel sales squeeze margins in Nigeria’s retail fuel market.
The Nigeria Labour Congress (NLC) has rejected the proposed petrol price hike, arguing it will worsen economic hardship in Nigeria and urging the government to seek alternative solutions.
The Nigeria Labour Congress plans a two-day protest over soaring inflation and declining wages, demanding government action to alleviate the economic strain faced by millions of Nigerian workers.
Conoil profit slump sees 77 percent drop in earnings as higher borrowing costs and weaker fuel sales squeeze margins in Nigeria’s retail fuel market.