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

Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Gold rally fuels $132mn Zimbabwe bet as Caledonia advances Bilboes project
Read More »
Dakar, Senegal © Unsplash
Senegal raises $254mn at higher yields in regional bond auction
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Rwanda’s mining output rises 4.1% as modernisation drives jobs and exports
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights