By Gabriel Ewepu ABUJA — The Centre for the Promotion of Public Enterprise (CPPE) has called for a decisive shift from chronic import dependence to a competitive domestic refining ecosystem, warning that unchecked Premium Motor Spirit (PMS) imports could undermine Nigeria’s refining industry and energy security. The Chief Executive Officer of CPPE, Dr Muda Yusuf, […]

The data showed that average daily Premium Motor Spirit (PMS), also known as petrol, imports rose to 18.1 million litres in June and 19.7 million litres in July from 5.9 million…

According to the group, rising petrol imports could undermine domestic refining, investment and foreign exchange conservation if approvals are granted without transparent evidence…

CPPE: 234% Surge in Fuel Import Will Discourage Downstream Investment