Nigerian monarch and energy tycoon Obateru Akinruntan plans 200 Obat Oil stations in nationwide expansion
Billionaires Africa | 21.01.2026 02:54
One of Nigeria's largest retailers and distributors of petroleum products, Obat Oil and Petroleum Ltd. says it wants to grow to 200 retail filling stations nationwide as the country’s fuel market reshapes itself after subsidy removal, a shift that has raised prices, tightened margins and pushed marketers to rethink supply and logistics.
