KEY POINTS The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased significantly in May 2026, rising by 55.31 per cent compared to the same period …
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fuel imports
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KEY POINTS The Federal Government has reopened petrol importation, issuing fresh licences to six oil marketers following supply concerns triggered by geopolitical tensions in the Middle East. The move represents …
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In the NewsOil & Gas
Nigeria Gains Over N10 Billion a Year as Dangote Refinery Slashes Fuel Import Costs
KEY POINTS Nigeria is beginning to feel the economic weight of the Dangote Refinery, with the facility now saving the country more than N10 billion annually in foreign exchange as …
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KEY POINTS The Libyan National Oil Corporation (NOC) is grappling with mounting financial pressures as the country’s decades-old barter system for oil imports comes to an abrupt halt. North Africa …