Crude oil

Naira-For-Crude and issues that arise-BluePrint Newspapers Limited

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Recently, the Federal Executive Council (FEC) has directed the full implementation of the Naira-For-Crude policy for local refineries. The Naira-For-Crude policy, introduced in 2024, involves the sale of crude oil to domestic refineries: the refinery of dangoes and others in Naira instead of US dollars. The resolution of the FEC on politics was broadcast by Wale Edun, Minister of Finance, …

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