FG Grants Licences for 720,000MT Petrol Import
The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to six marketers for the importation of 720,000 metric tonnes of Premium Motor Spirit (petrol).
The marketers are NIPCO, AA Rano, Matrix, Shafa,...
Nigeria Spends N12.8trn on Petrol Imports in 15 Months
As Nigeria struggles to ramp up local refinery of Petroleum Motor Spirit (PMS) otherwise known as petroleum, at least N12.8trn worth of the product was imported into the country from August 2024 to October 2025, analysis...
RMRDC Calls for 60% Reduction in Raw Material Imports
The Raw Materials Research and Development Council (RMRDC) has stated that Nigeria must reduce its dependence on imported raw materials by at least 60 per cent within the next five years if it is to become...
Fuel Imports Hit 2.3bn Litres Despite Local Production
Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have continued to import and distribute the product nationwide.
It was gathered on Wednesday that marketers imported 2.3 billion...
NNPC Buys From Dangote Refinery, Ends N24trn Fuel Import
The Nigerian National Petroleum Company Limited (NNPCL) has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries.
NNPC’s Group Chief Executive Officer, Mele Kyari, disclosed this on...
Nigeria Import Grew to N35.9tn in 2023 – NBS
Nigeria’s total imports grew to N35.9tn in 2023, from N25.5tn recorded in 2022, according to data by the National Bureau of Statistics.
A breakdown of the data showed that in the first and second quarters of 2023,...
