…average of N1,385/$. Rising foreign reserves, foreign investment inflows and lower fuel imports due to increased domestic refining are expected to support the currency. The World Bank also identified the naira as one of Africa’s more resilient currencies in Q2 2026, while Nigeria’s net foreign reserves reached $46 bill…

…largest single-train facility in Africa, and a cornerstone of Nigeria’s effort to end fuel imports. Aliko Dangote has said he wants “every living Nigerian” to own part of it, targeting at least 10 million shareholders, with dividends paid in dollars and simplified subscription channels through USSD codes. The offer ope…

…Act. CORAN also called for crude swaps and proximity-based supply arrangements, reduced fuel imports limited to verified shortfalls, long-term refinery financing, shared infrastructure and a national refining roadmap. IPPG Chairman, Adegbite Falade, said Nigeria must increase crude production while creating a commercia…

…orders continued import licences for three marketers as Dangote separately challenges fuel importsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for…

…POST reports that Dangote Refinery had raised the alarm over a 43.3 percent rise in fuel imports, which it attributed to import licence approvals by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Dangote Refinery to ban fuel sales to petrol importers, marketers

…and export refined products. He, however, cautioned against blanket restrictions on fuel imports, saying government should retain the option of approving imports whenever necessary to safeguard energy security. Isong argued that strategic imports remain important during supply shortages or market disruptions to prevent…

…of 1.8 million litres per day or 41.9 per cent. Throughout the 13 months, no aviation fuel imports by Oil Marketing Companies were recorded, indicating that 100 per cent of Nigeria’s reported ATK receipts came from domestic refineries. Industry data further showed that aviation fuel consumption remained relatively stab…

…Fact Sheet, obtained by our correspondent on Saturday, showed that average daily PMS imports rose from 5.9 million litres in May to 18.1 million litres in June. The 12.2 million-litre daily increase represented a 206.8 per cent month-on-month rise. In contrast, domestic PMS receipts fell from 41.5 million litres per da…