Tag: CBN report

Nigeria cuts petrol import bill by $4bn as Dangote Refinery drives major shift in fuel supply

Business Damilola Bayonle -
Nigeria’s fuel import dynamics are undergoing a structural shift, with fresh data indicating a significant drop in petrol import...

Nigeria’s balance of payment crashes 38% to $4.23bn as oil earnings and foreign investments decline

Business Damilola Bayonle -
Nigeria’s external sector came under significant strain in 2025, as fresh data revealed that Nigeria’s Balance of Payment falls...