Nigeria’s petrol imports surged in 2024, more than doubling despite increased domestic refining capacity, highlighting the country’s persistent reliance on imported fuel. The latest foreign trade statistics report from the National Bureau of Statistics (NBS) revealed that petrol import costs rose by 105.3% to N15.42 trillion in 2024, up from N7.51 trillion in 2023. This [...]The post Nigeria’s petrol imports hit record N15.42 trillion in 2024 despite refinery operations appeared first on Nairametrics.
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