FG Appoints Afreximbank as Settlement Bank for Naira-Based Transactions on Crude Oil, Petroleum Sales

With the commencement of PMS production from the Dangote Group’s 650,000-barrel-per-day refinery, the Federal Government of Nigeria has appointed the African Export-Import Bank also known as Afreximbank as the Settlement Bank for naira-based transactions on crude oil and refined petroleum…

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