By Modupe Gbadeyanka
The Central Bank of Nigeria (CBN) has released foreign exchange to marketers to import into the country Automated Gas Oil (AGO), commonly called diesel.
This information was disclosed in a statement issued by the Nigerian National Petroleum Corporation (NNPC).
The agency further said the apex bank has also approved the release of forex to oil marketers to bring Aviation Turbine Kerosene (ATK) into Nigeria.
The NNPC noted in the statement that it would continue to import to supplement local refining to help reduce shortage in the supply of the products to consumers.
The NNPC said it has re-commissioned its strategic 479.2 kilometres System 2B petroleum products pipeline network which stretches from the Atlas Cove-Mosimi-Ejigbo-Ibadan, terminating at Ilorin which will enhance effective distribution of petroleum products nationwide, especially with the envisaged resumption of loading activities at the Mosimi, Ejigbo and Ibadan depots.
more recommended stories
Facebook NG_Hub Trains 50,800 SMBs in Digital Skills
By Modupe Gbadeyanka Not less than.
Asian Equities Finish Mute Despite Reprieve for Huawei
By Investors Hub Asian stocks ended.
European Shares Close Mixed as Investors Await Fed Outcome
By Investors Hub European stocks are.
Lingering Trade Worries to Stretch Wall Street Volatility
By Investors Hub The major U.S..
CBN to Control Banks’ Investment in Treasury Bills, Bonds
Modupe Gbadeyanka The Central Bank of.
Nigeria to Issue Second 30-year Naira Bond Today
By Dipo Olowookere The Debt Management.
NSE Index Gains 2.88% to Slice Year-to-Date Loss to 3.86%
By Dipo Olowookere The local equity.
30-Day T-Bills Yields Shrinks to 9.94%
By Dipo Olowookere The continued absence.