Search

Nigeria Slashes Petrol Imports as Local Refining Capacity Surges

Breaking News
© Allen Dreyfus
  • Daily imports drop to 14.7 m litres as refineries restart and modular plants scale up
  • Lower dollar demand could bolster the naira and ease inflationary pressures

Lagos, Nigeria – Nigeria’s push to refine its own fuel is finally biting into a decades‑old dependence on foreign petrol. Daily imports fell to 14.7 million litres on 13 April from 44.6 million last August, Nigerian Midstream and Downstream Petroleum Regulatory Authority chief Farouk Ahmed said on Tuesday.

You need an active subscription to continue reading this article.

Recent Business

IMF Revises Senegal’s 2024 Growth
Senegal defies downgrade to raise $232 million in bond auction
Read More »
Dr Johnson Asiama, Bank of Ghana governor @ BoG Facebook
Ghana cracks down on forex violations as cedi surges
Read More »
Banking ATM Photo by Eduardo Soares @ Unsplash
Five West African banks fined $2 million in regulatory crackdown
Read More »

Recent Politics

1732717216990_2JJRT55
Cameroon on edge as Biya’s main rival barred from October election
Read More »
Alamy Live News
Kenya’s opposition ODM fractures over Raila-Ruto alliance
Read More »
ZUMA Press Wire) EDITORIAL USAGE ONLY! Not f
Ghana’s opposition petitions president over electoral chaos, illegal mining
Read More »

Latest Posts

Latest news insights