The Federal Government has halted the issuance of petrol import licences for a second consecutive month, a move that has effectively prioritised domestic refinery production, and allowed the ÆŠangote Refinery to dominate fuel supply in Nigeria. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) show that no petrol import licences were issued in February, while the Crude Oil Refineries Association of Nigeria (CORAN) confirmed that none have been granted so far in March. Under the provisions of the Petroleum Industry Act (PIA), import licences can only be…
Read MoreFG halts petrol import licences, as Ɗangote Refinery supplies 92% of Nigeria’s fuel
