Naira-For-Crude Deal Archives

BREAKING: FG Orders Full Implementation Of Naira-For-Crude Deal

GISTSMATE 012 months ago15 mins

The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this on its official X handle titled “Update on the Crude and Refined Product Sales in Naira Initiative,” on Wednesday. Recall that the first phase of the six-month deal involving the Federal…

‘It Could Deplete Foreign Reserves’ – Oil Marketers Speak Against Naira-For-Crude Policy

GISTSMATE 013 months ago3 months ago16 mins

Oil marketers under the aegis of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) have raised alarm about potential risks linked to the naira-for-crude oil policy. On March 10, TheCable reported that the Nigerian National Petroleum Company (NNPC) Limited had reportedly suspended the naira-for-crude deal until 2030, as the government-owned company has forward-sold…

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Naira-For-Crude Deal

BREAKING: FG Orders Full Implementation Of Naira-For-Crude Deal

‘It Could Deplete Foreign Reserves’ – Oil Marketers Speak Against Naira-For-Crude Policy