Local Refining Boom Cuts Petrol Imports by N6trn
Nigeria’s petrol import bill fell sharply in the first nine months of 2025, dropping by N6.07tn compared with the same period of 2024, according to an analysis of National Bureau of Statistics trade data.
The value of imported...
Petrol Imports Surge to 154m Litres Weekly Amid Naira-for-Crude Crisis
Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17, and Sunday, March 23.
According to a document obtained from the Nigerian...
FG Spent N1.5trn On Petrol Imports In Q1, 2022
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51tn on the imports of premium motor spirit, also known as petrol, in the first quarter of 2022.
This was 25.54 per cent of the total...
Nigeria’s Petrol Imports Rise By 55%, Hit N2.52trn In Nine Months
The cost of Premium Motor Spirit, also known as petrol, imported into Nigeria from January to September this year surged by 55.56 per cent to N2.52tn from the N1.62tn spent in the same period...
Nigeria Imported 20.60bn Litres Of Petrol In 2019 ― NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019.
This is contained in NEITI audit report on...
Petrol Imports Gulped N2.11trn In 2020 - NBS
The amount spent on the importation of Premium Motor Spirit (petrol) rose by 17.54 per cent to N2.11tn last year, the latest data obtained from the National Bureau of Statistics have shown.
The country spent N1.71tn on petrol...
