Dangote Refinery resumes petrol sales in Naira after temporary suspension
The refinery announced that local currency sales would restart immediately.
Tag: Naira-for-crude
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No going back on Naira-for-crude policy, says FG
This initiative is not a stopgap solution.
Nigerians to pay more for petrol as naira-for-crude talks crumble
Immediately after the announcement, the cost of loading petrol at private depots in Lagos jumped to about N900/litre. It was less than N850/litre before the announcement.
Naira-for-crude policy will affect Nigeria’s foreign exchange stability and FDIs, DAPPMAN cautions
If crude oil transactions are linked to the Naira, these issues will only worsen, potentially triggering capital flight and causing foreign investors to seek alternative markets.