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flag Nigerian oil reforms cut fuel imports by 30M liters daily, despite US tariff threats.

flag Nigerian authority NMDPRA issued licenses to 83 firms, boosting local refining capacity to 1.124 million barrels per day. flag This has led to a 30 million liter daily drop in PMS imports. flag Despite global oil price volatility due to US tariffs, local fuel prices in Nigeria have not significantly dropped. flag The Manufacturers Association of Nigeria warns that a 14% tariff on Nigerian exports to the US could lead to significant economic losses.

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