NewsBreakNigeria
USD/NGN 1,331.28GBP/NGN 1,761.59USD/NGN black market ₦1,370GBP/NGN black market ₦1,850EUR/NGN 1,497.69JPY/NGN 8.44CAD/NGN 934.35
USD/NGN 1,331.28GBP/NGN 1,761.59USD/NGN black market ₦1,370GBP/NGN black market ₦1,850EUR/NGN 1,497.69JPY/NGN 8.44CAD/NGN 934.35

Nigeria cannot import its way out of high petrol costs

Nigeria is no longer arguing about whether it can refine petrol. It is arguing about whether it should still import the same product now that a large local refinery exists. On one side are marketers, some officials, and…

Aggregated · originally by Nairametrics
4 Oct 2026, 14:00 WAT · 3 min read
Read at source
Nigeria cannot import its way out of high petrol costs

Nigeria is no longer arguing about whether it can refine petrol. It is arguing about whether it should still import the same product now that a large local refinery exists. On one side are marketers, some officials, and…