Tag: Downstream Petroleum
-
Why Ghana Must Maintain the NPA Price Floor in the Petroleum Market
Introduction: The case for a price floor within Ghana’s deregulated market Ghana deregulated its downstream petroleum sector in 2015 to allow market-based pump prices. Yet deregulation did not mean a complete free-for-all. The National Petroleum Authority (NPA) price floor—an overarching safeguard—remains central to stabilising the fuel market, protecting consumers, and sustaining investment in an industry…
-
No time for kenkey parties: COPEC chief warns against economic complacency amid recovery
Rising Recovery, Lingering Risks Ghana’s economic rebound has brought cautious optimism, but the country’s top petroleum consumer watchdog is urging policymakers, businesses, and workers not to pop the champagne just yet. Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has warned that while the worst of the fiscal storm may be over,…
-
Conoil Strengthens Market Position with Strong 2024 Results and Dividend Proposal
Conoil delivers robust 2024 performance, signaling market resilience Conoil Plc, a key player in Nigeria’s downstream petroleum sector, has unveiled a solid set of 2024 results that underline its strategy to strengthen market position, improve shareholder value, and sustain growth in a competitive environment. The company announced a proposed dividend payout of ₦2.428 billion for…
-
Conoil Strengthens Market Position with Robust 2024 Results
Conoil Reports Strong 2024 Performance and Strategic Clarity Conoil Plc, a prominent player in Nigeria’s downstream petroleum industry, has unveiled its solid performance for the 2024 financial year and proposed a dividend of ₦2.428 billion. The results underscore the company’s continued strength, disciplined financial management, and a clear strategy to strengthen its market position in…