Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn   The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday. NNPCL,...

Eight-month Fuel Imports Gulp $690m Amid Forex Scarcity As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn, using N414.3/$, I&E rate as of Tuesday) was utilised in eight months amid the lingering forex scarcity...

Oil Marketers, TUC Disagree With Senate On Fuel Imports       Fuel marketers and the Trade Union Congress of Nigeria, on Tuesday, expressed their opposition to a provision in the Senate version of the Petroleum Industry Bill that allowed only active refinery licence holders to import petroleum...

PIB: Senate Limits Fuel Imports To Dangote, Others       If the new provision on fuel imports inserted by the Senate in the Petroleum Industry Bill is adopted by the House of Representatives and the President, only active refinery licence holders will be allowed to import petroleum...

Fuel Imports Gulped N700.46bn In Three Months – NBS         The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to the pre-COVID-19 level, the latest data from the National Bureau of Statistics...

OPEC: Dangote Refinery’ll Reduce Fuel Imports In W/Africa The Organisation of Petroleum Exporting Countries has said the refinery being built by Dangote Group is expected to reduce the need for fuel imports in W/Africa. OPEC, in the current edition of its World Oil Outlook, noted that...