A New Era for Nigeria’s Downstream FX Market

From financing imports to funding domestic refining Nigeria’s downstream petroleum market is undergoing a structural transformation driven by Dangote Refinery’s expansion. At an estimated throughput of 700,000 barrels per day, the refinery is projected to produce 46.75 million litres of PMS daily, meeting about 87% of Nigeria’s estimated demand, while generating exportable surpluses of diesel […]