NBS DATA: Nigeria imports petrol worth N1.62trn in 9 months

Nigerians spend N2.03trn on fuel in 13 months

NBS DATA: Nigeria imports petrol worth N1.62trn in 9 months   Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September, the latest data obtained from the National Bureau of Statistics have shown. The country spent N1.72tn on petrol imports in the whole of 2019, according to the NBS. The data also showed that petrol topped the list of products imported into the country, accounting for 11.7 per cent of the total amount spent on imported products from January to September. Petrol…

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Petrol imports tumble 72.65% as pandemic takes toll

Petrol imports tumble 72.65% pandemic takes toll

BusinessMetricsNG with wired report   As the Nigerian economy continues to gasp for breath following devastating blow from the incursion of Coronavirus pandemic, the volume of petrol imported into the country in May plunged by 72.65 per cent. This and many more facts are contained in the latest data obtained from the Nigerian National Petroleum Corporation (NNPC). From a high of 2.25 billion litres in March this year, the volume of petrol imported into the country through the Direct Sale Direct Purchase scheme fell to 1.81 billion litres in April…

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