Tag: Petrol imports

featured Oil and Gas

Why Nigeria doesn’t need to import petrol — Dangote

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission to the Dangote Petroleum Refinery and Fertiliser Complex […]

Oil and Gas

Nigeria still dependent on imports despite Dangote Refinery — NMDPRA

Fuel security slowed in October as the Dangote Petroleum Refinery supplied only an average of 17.1 million litres per day of the nation’s petrol needs. This forced the country to rely heavily on imports, despite earlier hopes of achieving self-sufficiency. The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, revealed this information. […]

FG deducts N256.5bn for gas projects in six months
Opinion

Delta APC chieftain faults Tinubu’s 15% fuel import duty

A chieftain of the All Progressives Congress in Delta State, Chief Ayiri Emami, has faulted President Bola Tinubu’s approval of a 15 per cent ad-valorem import duty on petrol and diesel, warning that the move will worsen the suffering of ordinary Nigerians. Emami raised the concerns at a press conference held in Abuja on Thursday. […]

Business

Nigeria’s petrol imports hit eight-year low amid refining expansion

Nigeria’s petrol imports fell to their lowest level in eight years in September, according to a new report, as ongoing government reforms and growing local refining capacity reshape the country’s downstream oil sector. Argus reported on Monday that Nigeria imported 116,000 barrels per day—about 18.44 million litres—of Premium Motor Spirit by sea last month, down […]