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Nigeria’s refining sector struggles to haul itself out of crisis

Gasoline and diesel supply ran smoothly over the festive season, helped by sustained if expensive imports under a swaps arrangement by Nigerian National Petroleum Corporation (NNPC). Stemming gasoline smuggling through the drastic but effective decision of President Muhammadu Buhari to close the country’s land borders in August last year also played a key role in NNPC’s success, preventing flows of gasoline to Benin, Cameroon and other neighbouring states.

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