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  • Forex, Base Oil Prices Beset Nigerian Lubricant Market0

    Forex, Base Oil Prices Beset Nigerian Lubricant Market By Our Reporter Stakeholders have identified instability in the foreign exchange market and rising base oils prices on the international market as headwinds buffeting the Nigerian lubricant market. Taiye Williams, managing director of Lubcon International emphasised that the major challenges confronting the Nigerian lubricant market are issues

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  • Russian-Ukrainian War Upsets Base Oil Supply in Nigeria

    Russian-Ukrainian War Upsets Base Oil Supply in Nigeria1

    The Russian-Ukrainean war is causing an upset to the supply of base oils in the Nigerian lubricant market, stakeholders told BND. According to Nigerian lubricant blenders, the war between Russia and Ukraine has led to the opening of shipping routes in the global North, especially the US, Europe, the Middle East, and Kazakhstan. “The Russian-Ukrainian

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