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Featured: Latest Nigerian News
naira-for-crude deal
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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...- Nigeria News
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- 1 min read
- crude oil sales dangote refinery local refining naira-for-crude deal nnpc
- Category: Business
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Nigeria Petrol Prices at Risk of Rising as NNPC Ends Naira-for-Crude Supply to Refineries
The Nigerian National Petroleum Company (NNPC) has ended its naira-for-crude deal with local refineries, including Dangote Petroleum Refinery. This decision could lead to higher petrol prices as refineries will now source crude oil from international markets, potentially impacting Nigeria's...- Nigeria News
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- 2 min read
- dangote petroleum refinery local refineries naira-for-crude deal nigeria petrol prices nnpc
- Category: Business
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Nigeria Fuel Prices May Drop as Nigeria Starts Naira-for-Crude Agreement
As Nigeria marks its 64th Independence Day, the Naira-for-crude deal between the Federal Government and Dangote Refinery is set to reduce fuel prices. Industry leaders expect the agreement to boost the Naira and lower transportation costs, though Nigerians continue to grapple with economic...- Nigeria News
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- 2 min read
- dangote refinery fuel prices naira-for-crude deal nigeria independence day petrol price reduction
- Category: Business
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Nigeria Naira-for-Crude Deal Begins at Dangote Refinery, Fuel Price Reductions Expected
The Dangote Refinery will begin receiving crude oil in naira from the NNPC starting October 1, 2024. This initiative aims to ease pressure on the naira and ensure a steady petroleum product supply. Modular refineries call for inclusion in the scheme, as Nigerians anticipate potential reductions...- Nigeria News
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- 1 min read
- dangote refinery crude supply naira-for-crude deal nigerian fuel prices 2024 nnpc naira crude oil
- Category: Business
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