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October 29, 2025
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Petroleum Imports

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CBN refutes claims of $1.259bn disbursement for petroleum imports

wasiu ayanwola20 hours ago20 hours ago02 mins

The Central Bank of Nigeria (CBN) has refuted media reports alleging that it disbursed $1.259 billion to major oil sector operators for the importation of refined petroleum products and related items, describing such claims as inaccurate and misleading. In a statement on Tuesday, the Bank clarified that the figure cited in its Q1 2025 Sectoral…

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