Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to reducing the cost of Premium Motor Spirit (PMS), commonly known as petrol, in Nigeria—despite ongoing volatility in global crude oil markets over the past year. In a statement signed by…
Naira-for-Crude and Matters Arising
Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy, introduced in 2024, entails the sale of crude oil to domestic refineries– Dangote Refinery and others in naira instead of…
NNPC Limited and Dangote Refinery: Discussions on New Naira Crude Contract Currently Ongoing
…Agreement was for six months and ends in March 2025 The NNPC limited have come out to clarify recent reports circulating on social media which suggested the company had unilaterally terminated its crude oil sales agreement with Dangote Refinery. According…