Nigeria Spends N837bn On Fuel Import in 3 Months

Nigeria spent N836.67 billion on the importation of Premium Motor Spirit, PMS, also known as petrol, and other petroleum products in the second quarter of 2019, according to data obtained from the National Bureau of Statistics, NBS.

Data obtained from the NBS Foreign Trade in Goods Statistics for the Second Quarter of 2019, showed that the amount spent on the importation of PMS and other petroleum products rose sharply by…

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