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  • In the News

    Nigeria Earned $2.53 Billion From Gas Exports in Q1 2026 as Account Surplus Surged 256%

    by Ikeoluwa Juliana Ogungbangbe June 19, 2026
    by Ikeoluwa Juliana Ogungbangbe June 19, 2026

    Nigeria earned $2.53 billion from gas exports in Q1 2026 as the CBN reported a 256% surge in the country’s current account surplus to $4.98 billion.

  • In the NewsMarkets

    CBN Grants International Oil Companies Full Access to Forex Earnings

    by Ikeoluwa Juliana Ogungbangbe March 26, 2026
    by Ikeoluwa Juliana Ogungbangbe March 26, 2026

    KEY POINTS The Central Bank of Nigeria, CBN, has approved full repatriation of export proceeds by international oil companies, granting them unrestricted access to 100 percent of their foreign exchange …

  • In the NewsOil & Gas

    Dangote Refinery Cuts Nigeria’s Petrol Import Bill by 28% in 2025

    by Oluwatosin Racheal Alabi March 24, 2026
    by Oluwatosin Racheal Alabi March 24, 2026

    KEY POINTS Nigeria’s petrol import bill fell to $10 billion in 2025, a 28.88% drop from $14.06 billion in 2024, according to the Central Bank of Nigeria (CBN). The reduction …

  • In the NewsMarkets

    Dangote Refinery Imports $3.74bn Crude Despite Nigeria’s Oil Wealth

    by Ikeoluwa Juliana Ogungbangbe March 20, 2026
    by Ikeoluwa Juliana Ogungbangbe March 20, 2026

    KEY POINTS Nigeria’s external trade profile experienced a significant shift in 2025, as the Dangote Petroleum Refinery imported crude oil worth $3.74 billion, according to the Central Bank of Nigeria …

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Dangote Refinery Again Becomes Europe’s Biggest Jet Fuel Supplier, Surpasses US
Oil Firms Remit $6.7bn, N1.5tn to NDDC in Four Years

Latest Stories

Dangote Refinery Again Becomes Europe’s Biggest Jet Fuel Supplier,...
Oil Firms Remit $6.7bn, N1.5tn to NDDC in Four...
Niger Delta Youth Leaders Back Ojulari, Urge Tinubu to...

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