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FG Grants 56 Import Licenses As Fuel Consumption Drops (ANALYSIS)



In furtherance of the deregulation of the downstream sector of the Nigerian oil and gas industry, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it had issued licence to import petrol into the country to 56 oil marketing companies.

Chief Executive Officer of NMDPRA, Mr. Farouk Ahmed, revealed this yesterday in Lagos, during a stakeholder engagement session with petroleum marketers, disclosing that 10 of the 56 firms have shown commitment to supply products from July to September 2023.

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