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Naija & The News Monday, 19 October 2026
Explained

Oil Sector Utilises $2.15bn In Foreign Exchange

Nigeria's oil sector used $2.15bn in foreign exchange in the first half of 2026. The sector's demand for foreign currency rose sharply in June.

By Naija & The News DeskPublished
Source:PunchRead the original report ↗
Illustration: AI-generated editorial image, not a photograph of the event.

Oil sector workers and businesses may be affected by the changes in foreign exchange utilisation. Has foreign exchange affected your business or job?

This story is based on reporting by Punch, written in our own words and checked against that report before publishing. Spotted an error? Report it.

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