naira transactions

  1. Fuel Prices in Nigeria Could Exceed N1,000 as Dangote Refinery Shifts to Dollar

    Nigeria Fuel Prices in Nigeria Could Exceed N1,000 as Dangote Refinery Shifts to Dollar

    Dangote Refinery has suspended the sale of fuel in Naira due to crude supply challenges, opting for dollar transactions. This shift may push fuel prices above N1,000 per litre. Experts warn of economic strain, urging the government to reinstate the Naira-for-crude policy to stabilize prices and...
  2. President Tinubu's Government Initiates Naira Sales for Oil Products

    Nigeria President Tinubu's Government Initiates Naira Sales for Oil Products

    Nigeria officially commenced the sale of crude oil and refined petroleum products in naira on October 1, 2024. This strategic move by the federal government, led by President Bola Tinubu, aims to boost economic growth and self-sufficiency while reducing reliance on foreign currencies. Nigeria...
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