CBN Bets Big On Local Refining To Save FX & Build Reserves
By FIDELUS ZWANSON The Refining Factor: From Inflow Dependency to FX Savings NIGERIA’S path to the projected $51.04 billion reserves in 2026 introduces a strategic shift: reserve growth by lowering FX demand, rather than relying solely on inflows. The CBN ties this to domestic refining expansion, especially the Dangote Refinery, expected to scale to 700,000 […]
