- Government targets reduced forex pressure with naira-based crude oil transactions
- Dangote Refinery set as the pilot for naira-denominated crude sales
Lagos, Nigeria – Nigeria will commence the sale of crude oil in its local currency, the naira, to the Dangote Refinery and other domestic refineries starting on October 1, 2024, the government announced Monday. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, disclosed the plan during a meeting with the implementing committee in Abuja.
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