IMO 2020: Low refining capacity steals shine from Nigeria’s sweet crude advantage
A member of the International Maritime Organisation (IMO), Nigeria has a chance to take advantage of higher oil prices in a case where the IMO’s 2020 regulation lowering maximum sulphur content in marine fuel leads a spike in spot prices.
The new sulphur regulation took effect on January 1, 2020.
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Stephen Onyekwelu
Stephen Onyekwelu is BusinessDay’s Strategy & Enterprise Delivery Executive, specialising in turning editorial vision into enterprise outcomes. A former Online News Editor and lead of the Go Local initiative (print, podcast & BDTV in partnership with Providus Bank), he blends investigative storytelling with platform strategy, conference design, and cross-functional delivery.