In a major shift for Nigeria’s oil market, Devakumar Edwin, Vice President of Dangote Industries Limited, revealed that discussions with the government are nearing completion on the much-anticipated Naira-for-crude policy.
“We’re still in talks, but once we buy crude with Naira, the NNPC will take back fuel from us in Naira,” Edwin said.
He hinted that the deal could be finalized as early as next week, marking a new era in Nigeria’s oil trade that could boost local currency strength and reshape the fuel supply chain.
About The Author
