According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Nigeria currently spends $600m on fuel importation monthly. 

NANS to FG: Fix Refineries to End Fuel Importation The leadership of the National Association of Nigerian Students has urged the Federal Government to fix the nation’s refineries to enable the country to end fuel importation. This is as NANS decried the continued fuel importation under...

NNPCL to End Fuel Importation by Dec 2024 The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then. It also projected that the national oil...

Lack Of License, Foreign Exchange, Others Hinder Fuel Importation   Barely a month after deregulation, operators in the downstream sector have not been able to import petrol into Nigeria, due mainly to a lack of license and foreign exchange. Checks during weekend, indicated that many oil marketers...

Fuel Importation: Marketers Demand Equal Access To Forex   Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit N515/litre once they source foreign exchange rate at the parallel market for the importation of PMS. Ex-depot price is the price...

Buhari’ll End Fuel Importation In Nigeria, says Sylva     President Muhammadu Buhari is committed to putting an end to the importation of refined petroleum products into Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said the government was working to reverse...