Nigeria spent $10 billion on petrol imports in 2025, a 28.88 per cent drop from the $14.06 billion recorded the previous year, according to the Central Bank of Nigeria's 2025 balance of payments report — a decline the bank attributes largely to the start of domestic fuel production at the Dangote
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Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
