Petrol Imported Into Nigeria Drops as Dealers Announce New Fuel Price

Nigeria’s Petrol Imports Drop by 54% as Dangote Refinery Ramps Up Supply

Nigeria’s petrol import bill plunged to N1.76 trillion in the first quarter of 2025, a sharp 54% drop from N3.81 trillion recorded in the same period last year, according to new foreign trade data released by the National Bureau of Statistics (NBS). This also represents a 47% decline compared to Q4 2024, when the country […] The post Nigeria’s Petrol Imports Drop by 54% as Dangote Refinery Ramps Up Supply appeared first on Tekedia.

Petroleum Products Import Drop By N1.1tn In First Quarter—NBS

The National Bureau of Statistics (NBS) has reported a significant decline in Nigeria’s importation of petroleum products, with the total value dropping to ₦3.786tn in the first quarter of 2025. According to its Foreign Trade in Goods Statistics for Q1 2025, this marks a 21.21 per cent decline from the ₦4.805tn recorded in Q4 2024 and a sharp 75.55 per cent drop from ₦15.48tn in Q1 2024. The drop coincides with increased domestic output from ref…

How Dangote Refinery Helped Drop Nigeria’s Petrol Imports by 54%

When the National Bureau of Statistics published its Q1 2025 trade figures, the message was clear, Nigeria’s petrol import bill dropped by 54% year-on-year, falling from $2.6 billion in Q1 2024 to $1.2 billion. For a nation that once relied on imports for nearly 90% of its fuel, this marks a new phase in domestic … The post How Dangote Refinery Helped Drop Nigeria’s Petrol Imports by 54% appeared first on Business Elites Africa.

N2trn Drop in Petrol Imports as Local Production Improves - Economic Confidential

N2trn Drop in Petrol Imports as Local Production Improves   Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over N2tn. According to the latest foreign trade statistics report released by the National Bureau of […] The post N2trn Drop in Petrol Imports as Local Production Improves appeared first on Economic Confiden…

Petrol imported into Nigeria drops as dealers announce new fuel price

Nigeria’s petrol imports dropped by 54% in Q1 2025, thanks to increased local production from the Dangote Refinery, reducing the country’s reliance on foreign fuel.

Nigeria’s Petrol Import Bill Declines By 54% In Q1 2025

ShareNigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping by 54% year-on-year to ₦1.76 trillion ($1.2 billion) from ₦3.81 trillion ($2.6 billion) recorded in Q1 2024, according to the latest Foreign Trade Statistics report released by the National Bureau of Statistics (NBS). The report, obtained by New Telegraph on Thursday, also... The post Nigeria’s Petrol Import Bill Declines By 54% In Q1 2025 appeared first …