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US Emerges Net Exporter of Refined Oil to Nigeria

The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery maintenance, and the Dangote refinery drove up Nigeria’s demand for inputs.

$1trn Economy: Tinubu Sets 2026 for Take-off of National Single Window Project

President Bola Ahmed Tinubu has directed the National Single Window (NSW) Steering Committee to ensure the platform becomes fully operational by the first quarter of 2026.

Senate Approves Tinubu’s $21bn Borrowing Request 

The Senate on Tuesday approved President Bola Ahmed Tinubu’s request for external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle.

Nigeria’s Economy Surpasses IMF Projection by 30% After Rebasing

The Nigerian economy has performed 30% better than projections by the International Monetary Fund (IMF) after the National Bureau of Statistics (NBS) reported figures from the rebasing.

Eight Banks Meet Recapitalisation Requirements – CBN

The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements.

Naira Strengthens Again Against Dollar in Black Market

The Naira extended its gains against the US dollar on Tuesday, July 22, appreciating in the parallel market.