
Petrol Imports Drop by N2 Trillion as Dangote Refinery Boosts Local Fuel Production.
Nigeria’s petrol import bill has seen a dramatic reduction in the first quarter of 2025, dropping to ₦1.76 trillion from ₦3.81 trillion recorded in Q1 2024 — a year-on-year decline of over ₦2 trillion. According to the latest foreign trade report by the National Bureau of Statistics (NBS), this marks a significant 54% decrease and…