Fuel imports gulp nearly N1tn amid Dangote-importers feud

The Punch | 08-09-2026 04:29am |

Nigeria spent N952.15bn on fuel imports in the second quarter of 2026, despite increasing domestic refining capacity. This expenditure occurs amid a feud between Dangote Refinery and fuel importers. The high import bill raises questions about the effectiveness of local refining efforts. The situation underscores ongoing challenges in Nigeria's energy sector.

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