Tag: Petrol imports

FG halts petrol import licences, as Ɗangote Refinery supplies 92% of Nigeria’s fuel

Aminu Imam
FG halts petrol import licences

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…

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Nigeria imported 20.30bn litres of petrol in 2023 – NBS

Aminu Imam
NBS on petrol

The National Bureau of Statistics, (NBS), has said 20.30 billion litres of Premium Motor Spirit, also known as petrol, was imported in 2023. The NBS, which stated this in its ‘Petroleum Products Distribution Statistics for 2023’, released in Abuja yesterday, said the figure of 20.30 billion litres of PMS reported in 2023 amounted to a decrease of 13.77- compared to the 23.54 billion litres recorded in 2022. For Automotive Gas Oil also known as diesel, the report said that 4.94bn litres were imported in 2023. “This indicated a 23. 66…

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Tinubu’s economic council member behind petrol imports from Malta, Russia – Investigation 

Aminu Imam
Asiwaju's petrol importer

…Presidency clarifies A member of Tinubu’s Presidential Economic Coordination Council (PECC), Abdulkabir Adisa Aliu, has been fingered to be behind the  allegedpetrol imports from Malta and Russia. Leaked documents and extensive interviews with sources have unveiled how Nigeria, Africa’s biggest oil-producing country, has been importing sub-standard petroleum products from Malta, a country with no known oil refineries. Recall that Chairman of ?angote Refinery, Aliko ?angote, recently made some revelations about the increase in fuel imports from Malta In 2023, Nigeria’s petroleum importation from Malta soared to $2.08 billion, a stark…

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?angote/NNPC rift: Nigeria’s petrol import from Malta jumps 43 times to $2.08bn

Aminu Imam

Nigeria’s importation of petroleum from Malta has skyrocketed 43 folds, amounting to $2.08 billion in 2023, a development amidst the ongoing rift between the ?angote Group and the Nigerian National Petroleum Company Limited, (NNPCL). Data sourced from Trade Map, a global database on international trade statistics showed Nigeria imported petroleum oils and oils obtained from bituminous minerals worth $ 2.8 billion in 2023, a 342% increase, from $47.5 million as of 2013. Between 2013 and 2016, import values fluctuated. There was a peak in 2015 at $117.01 million, followed by…

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