Ade Olufeko, the Chairman of Creative and Entertainment Group at the Lagos Chamber of Commerce and Industry, LCCI has bowed out of office. Olufeko, who had led the group since 2019 stepped down in June to pursue other projects.
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According to market data available to the refinery, imported PMS accounted for approximately 43 per cent of fuel supplied into the Nigerian market in July.
The development, it said, raises questions about the necessity of continued large-scale imports at a time when Nigeria has significantly expanded its domestic refining capacity.