Dangote and other domestic refiners to buy crude Oil in Dollars following Nigerian National Petroleum Company (NNPC) Limited suspended the naira-for-crude oil swap deal.
The decision, which took immediate effect, has sparked discussions about its implications for Nigeria’s energy sector and the broader economy.
The naira-for-crude arrangement, introduced on October 1 2024, allowed local refiners to purchase crude oil in naira instead of dollars. ….CONTINUE READING
