crude oil sales

  1. Naira-for-Crude: FG Dismisses Rumors, Assures Policy Continuation

    Nigeria Naira-for-Crude: FG Dismisses Rumors, Assures Policy Continuation

    The Nigerian government has reaffirmed its commitment to the Naira-for-Crude policy, ensuring local refineries continue buying crude oil in naira. Officials dismissed speculation of discontinuation, confirming ongoing discussions for a renewed agreement. The policy aims to boost local refining...
  2. NNPC Denies Terminating Naira-for-Crude Deal, Says It Was a Six-Month Agreement

    Nigeria NNPC Denies Terminating Naira-for-Crude Deal, Says It Was a Six-Month Agreement

    The NNPC has clarified that its crude-for-naira deal was a temporary six-month agreement set to expire in March 2025. The company stated that discussions are ongoing for a new contract while reaffirming its commitment to supplying crude for local refining under mutually agreed terms. The...
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