The CEO of Rainoil Ltd, Dr. Gabriel Ogbeche, attributes the soaring petrol prices in Nigeria to the country’s weak exchange rate rather than fluctuations in crude oil prices. In an interview on Channels Television’s Business Morning, Dr. Ogbeche explains that despite the deregulation of the petroleum sector in October, the devaluation of the Naira remains … Continue reading Exchange Rate Drives High Petrol Prices, Not Crude Oil Costs – Rainoil CEO