{"id":353460,"date":"2026-03-29T09:26:41","date_gmt":"2026-03-29T09:26:41","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/353460\/"},"modified":"2026-03-29T09:26:41","modified_gmt":"2026-03-29T09:26:41","slug":"nigerias-fuel-import-bill-falls-as-local-refining-grows-africa-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/353460\/","title":{"rendered":"Nigeria\u2019s fuel import bill falls as local refining grows | Africa News"},"content":{"rendered":"<p>Nigeria\u2019s petrol <a href=\"https:\/\/africa.us5.list-manage.com\/track\/click?u=e6ed9b82c58d866f5444e7e64&amp;id=eb7838d64e&amp;e=3269b30121\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">import bill dropped sharply<\/a> to $10 billion in 2025 from $14.06 billion a year earlier, signaling a turning point in the country\u2019s long-standing dependence on imported fuel. According to the latest Balance of Payments report from the Central Bank of Nigeria, the shift is primarily driven by expanding domestic refining, particularly output from the Dangote Refinery. As more fuel is processed locally, imports are easing while exports of refined products and natural gas are helping support Nigeria\u2019s trade balance. In 2025, Dangote Refinery generated $5.85 billion in export earnings, boosting the nation\u2019s trade balance. With refining capacity expected to expand further, Nigeria could steadily reduce its reliance on imports and strengthen its position in regional energy markets.<\/p>\n<p>Nairametrics<\/p>\n","protected":false},"excerpt":{"rendered":"Nigeria\u2019s petrol import bill dropped sharply to $10 billion in 2025 from $14.06 billion a year earlier, signaling&hellip;\n","protected":false},"author":2,"featured_media":353461,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-353460","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/353460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=353460"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/353460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/353461"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=353460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=353460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=353460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}