Tag: Crude for Naira deal

Petrol Prices Set To Go Up As FG / Dangote Crude For Naira Deal Crashes

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Petrol Prices Set To Go Up As FG / Dangote Crude For Naira Deal Crashes

The Federal Government’s failure to renew the Crude for Naira agreement between NNPC Limited and Dangote Refinery, along with rising global crude oil prices, is set to push petrol pump prices higher across Nigeria in April and beyond. The six-month agreement, which expired in March, was initially brokered by the government last year. It allowed…

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Petroleum, Trade and Commerce

Dangote Refinery Suspends Sale of Petrol in Naira

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Dangote Refinery Suspends Sale of Petrol in Naira

The Dangote Refinery has suspended the sale of petroleum products to domestic market in Naira following the failure of the Federal Government to renew the crude-for-Naira deal the company had with Nigerian National Petroleum Company Limited (NNPCL) The refinery, in a statement yesterday, said: “Dangote Petroleum Refinery has temporarily halted the sale of petroleum products…

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Finance and Economy