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Dangote Refinery resumes petrol sales in naira after govt intervention

The Dangote Petroleum Refinery has announced the resumption of petrol sales in naira, barely a day after suspending the arrangement due to allocation concerns. In a circular sent to oil marketers on Saturday, the company said the reversal followed the intervention of the Naira-for-Crude Technical Committee set up by the Federal Government. “Following the intervention […]

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Naira-for-crude policy still in effect, FG tells Dangote, others

The Federal Government has emphasized that its naira-for-crude initiative with local refineries is not a temporary solution but a strategic policy aimed at promoting sustainable domestic refining. The Nigerian government has confirmed that the naira-for-crude initiative remains in effect, overriding the decision made by the NNPC under former CEO Mele Kyari to terminate it. During […]

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Naira-for-crude: Three refineries set to begin petrol production

The Nigerian National Petroleum Company Limited is set to begin supplying crude oil in naira to the Dangote Petroleum Refinery this week, as part of the Federal Government’s naira-for-crude initiative. Also, three more refineries are preparing to start producing petrol: the Aradel refinery in Rivers State (11,000 barrels per day), the Clairgold refinery in Delta […]