Petrol Imports Hit N3.3trn, FG Issues New Refinery Licences

Nigeria imported Premium Motor Spirit (PMS) also known as petrol worth N3.3 trillion in the last three months of 2024. This is despite the increase in in-country refining capacity. This comes as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) also issued licences for three new refineries in Edo, Delta, Abia states, expected to [...]

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