Lagos - Some 50 companies have been granted permission to import 30 million barrels (3.5 million tones) of fuel before the end of 2014.
Despite large stocks sitting offshore, the decision to go ahead with the fuel importation is tied to an expectation of a higher level of demand in December, reports BusinessDay.
The names of the fuel importers further confirms a trend of granting large allocations to a growing number of local firms, while larger ones received smaller allocations.
Nigerian National Petroleum Corporation (NNPC), which suspended importation in October because of overbuying, got the largest chuck of the allocation. It was allocated 1.3 million tonnes.
Read more at BusinessDay