Nigeria’s Petrol Import Bill Drops by Over ₦2 Trillion in Q1 2025
Nigeria’s petrol import bill saw a significant decline in the first quarter of 2025, plunging to ₦1.76 trillion, compared to ₦3.81 trillion recorded in the same period in 2024. This represents a sharp drop of over ₦2 trillion, according to recent trade data. The reduction is widely attributed to a combination of factors, including: Operational