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2025-10-27 05:19:10
CBN Releases $1.26 Billion to Oil Sector Operators to Stabilize Fuel Supply and Support the Naira
The Central Bank of Nigeria (CBN) has disbursed $1.259 billion to major oil sector operators to facilitate the importation of petroleum products and related items, as part of efforts to stabilize fuel supply and strengthen the naira. According to reports confirmed by The Punch and supported by CBN data, the move comes amid rising pressure in Nigeria’s foreign exchange market and concerns...
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