Tag
FUEL IMPORTATION
The Lagos-based mega Dangote refinery has resumed importing crude oil from the United States after a three-month pause, as the facility increases its production levels.
There has been a rise in petrol importation by marketers in Nigeria over the last few days despite calls for patronage of local refineries.
Aliko Dangote, has stated that individuals who benefit from fuel importation are deterring African governments from constructing refineries in the continent.
Data from the National Bureau of Statistics reveals that Nigeria spent a staggering N3.5 trillion on fuel imports in the second half of 2023.
Oil marketers in the country have outlined conditions that will facilitate their involvement in fuel importation.
The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily.
Lawmakers are now trying to establish whether Nigerian National Petroleum Commission (NNPC) improperly withdrew the total sum of $2.2 billion from NLNG.
There are more revelations on the current scarcity of aviation fuel in the country. According to the the...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Wednesday said Nigeria will cease to import...