fuel price hike
Naira-for-crude Crisis: FG Panel to Reconvene on Monday
The Federal Government’s panel on naira-for-crude is set to reconvene on Monday to address the ongoing crisis, which has been exacerbated by the Nigerian National Petroleum Company Limited’s (NNPCL) allocation of large volumes of crude oil to its foreign creditors. The move has sparked fears of a potential fuel price hike, as the Dangote refinery […]
Naira-for-Crude Negotiations Collapse: Fuel Price Hike Looms
The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery have failed to reach an agreement on the naira-for-crude swap deal, a development that may lead to a hike in fuel prices across the country. The naira-for-crude swap deal was initiated to enable the Dangote refinery to exchange naira for crude oil with the […]