Nigeria has significantly reduced its petrol imports in the past eight months, thanks to a marked increase in local production. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), daily importation of Premium Motor Spirit (PMS) dropped by 29.9 million litres—from 44.6 million litres in August 2024 to just 14.7 million litres as … Continue reading Nigeria Reduces Petrol Imports as Local Refinery Output Surges