As Nigeria struggles to ramp up local refinery of Petroleum Motor Spirit (PMS) otherwise known as petroleum, at least N12.8trn worth of the product was imported into the country from August 2024 to October 2025, analysis of the factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shown. Using an average landing cost of N829.77 per litre, the figure was arrived at from computation of the average daily litre the NMDPRA said was imported which was summed up to be 15,435,000,000 (billion)....................... . . . . . . . READ MORE