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.

Recent Business

Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Ghana cuts interest rates to 14% as inflation falls and growth strengthens
Read More »
Busy airport. Photo by Duc Van @ Unsplash
Africa tops global airline accident rates despite improved safety
Read More »
Overview of the Central Business District in Gaborone, Botswana. Photo by Justice Hubane @ Unsplash
Botswana inflation eases to 4.0% in February
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights