BREAKING: U.S. Slams Nigeria’s Import Bans On 25 Products Amid Rising Global Trade Tensions

The United States Trade Representative (USTR) has faulted Nigeria’s import ban on 25 items, saying the restrictions limit market access for American exporters. This comes almost a week after President Donald Trump announced sweeping tariffs on goods entering the US, with Nigeria getting 14 percent. In a post on X on Monday, the USTR highlighted…

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Nigeria’s Net Reserve Hits $23bn, Highest In Over Three Years — CBN

Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. A statement by the Central Bank of Nigeria (CBN), the increase marked an increase from $3.99…

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Dangote Refinery: Why Fuel Price May Hit Above N1,000 Per Litre – PETROAN President

The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, in this interview, explains to DAILY POST the reason for the recent hike in petrol prices to between N930 and N960 per litre from N860 and N880 in Dangote Refinery’s partners, MRS filling stations, and others. He also emphasises that Nigerians…

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‘It Could Deplete Foreign Reserves’ – Oil Marketers Speak Against Naira-For-Crude Policy

Oil marketers under the aegis of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) have raised alarm about potential risks linked to the naira-for-crude oil policy. On March 10, TheCable reported that the Nigerian National Petroleum Company (NNPC) Limited had reportedly suspended the naira-for-crude deal until 2030, as the government-owned company has forward-sold…

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Dangote To Stop Fuel Supply To Nigerian Market As Naira-For-Crude Deal Stalls

Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress. However, sources  told TheCable that refinery will continue to load for export as it currently sources all its crude stock from the international market in dollars. The refinery sells to Nigerian marketers in…

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