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Nigeria’s Gasoline Imports Plunge as Dangote Refinery Hits Trade - BLOOMBERG

JANUARY 29, 2025

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Nigeria’s imports of gasoline are on course for an eight-year low as the country’s new mega-refinery pushes out foreign suppliers, boosting the nation’s fuel independence.

Shipments into the West African nation stood at about 110,000 barrels-a-day during January 1-24, data compiled by Bloomberg from analytics firm Vortexa Ltd. show. If that rate were to continue for the rest of the month, the country’s imports — most of which come from Europe — would hit their lowest since 2017.

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