Petrol near N1,400 as Dangote defends price hikes

Dangote Refinery defends recent petrol price hikes, attributing increases to crude oil acquisition costs and logistics, as petrol nears N1,400 per litre.

By Obas Esiedesa, Abuja ABUJA — Consumers have expressed concern over the continued volatility in petrol prices across the country, calling on the Federal Government to intervene and ensure stability in the downstream petroleum sector. Checks by Vanguard on Sunday showed that retail outlets in the Federal Capital Terri

Warsh signals Fed may need to raise rates if above-target inflation persists  Reuters

The US central bank will “have work to do” if policymakers are not confident that underlying inflation is returning to its 2 per cent target, Federal Reserve Chairman Kevin Warsh said on Friday in remarks that acknowledged financial conditions do not appear restrictive and marked the closest he has come to acknowledgin