Tag: Crude Sales

Naira-For-Crude: FG Directs Full Implementation
April 10, 2025 No Responses

Naira-For-Crude: FG Directs Full Implementation

The Federal Executive Council (FEC) has ordered the full implementation of the previously suspended Naira-for-Crude agreement with local refiners. According to the federal government (FG), the initiative is not a temporary measure but a “key policy directive designed to support...
read more
Zacch Adedeji:Naira-For-Crude Policy Remains In Place
March 11, 2025 No Responses

Zacch Adedeji:Naira-For-Crude Policy Remains In Place

Our attention has been drawn to reports suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases.These reports do not reflect the r...
read more
NNPC Reacts To Fresh Controversy On Naira Crude Contract With Dangote Refinery
March 10, 2025 No Responses

NNPC Reacts To Fresh Controversy On Naira Crude Contract With Dangote Refinery

NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery.To clarify, the contract for the sale of crude oil in Naira...
read more
Adedeji Lauds NPA As Sale Of Crude In Naira Attain Success 
December 20, 2024 No Responses

Adedeji Lauds NPA As Sale Of Crude In Naira Attain Success 

The Chairman, Technical Sub-Committee, on the implementation of the Federal Government’s policy on domestic sales of crude oil and refined  products in Naira,Zacch Adedeji, has commended the One-Stop-Shop (OSS) team, led by the Nigerian Ports Authority ...
read more