naira-for-crude

  1. Fuel Price Relief: Dangote Refinery Cuts Costs to N865 per Litre

    Nigeria Fuel Price Relief: Dangote Refinery Cuts Costs to N865 per Litre

    Dangote Refinery has slashed its petrol price to N865 per litre, marking a significant reduction. The move is expected to impact fuel prices nationwide and offer relief to Nigerians facing high transportation and goods costs. This follows the implementation of the Naira-for-Crude policy aimed at...
  2. Nigerian Government Commits to Long-Term Naira-for-Crude Policy with Dangote Refinery

    Nigeria Nigerian Government Commits to Long-Term Naira-for-Crude Policy with Dangote Refinery

    The Nigerian government has reaffirmed the indefinite continuation of its Naira-for-Crude deal with Dangote Refinery. The policy aims to support local refining, bolster energy security, and reduce reliance on foreign exchange. Despite challenges, the initiative remains a key directive for...
  3. Dangote Shuts Down Fuel Supply to Nigeria as Naira-for-Crude Deal Collapses

    Nigeria Dangote Shuts Down Fuel Supply to Nigeria as Naira-for-Crude Deal Collapses

    Dangote Refinery has halted fuel supply to Nigeria after the collapse of its naira-for-crude deal with NNPC. With crude now purchased in dollars, fuel exports continue, raising concerns over shortages and price hikes. Stakeholders urge a swift resolution to avoid economic disruptions and ensure...
  4. 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...
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