Nigeria’s Petrol Imports Surge to N15.42tn in 2024 Despite Increased Refining Capacity

Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel, according to findings. The latest data from the foreign trade statistics report by the National Bureau of Statistics revealed that the cost of petrol imports rose by 105.3 per cent to N15.42 trillion … Continue reading Nigeria’s Petrol Imports Surge to N15.42tn in 2024 Despite Increased Refining Capacity