Nigerian govt to commence crude oil sale to Dangote, others in Naira from October

The Federal Government has announced that it will begin selling crude oil to local refineries, including the Dangote Refinery, in naira starting from October 1, 2024.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the Implementation Committee on Monday in Abuja.

According to a post on the official X (formerly Twitter) page of the finance ministry, the meeting was to review progress on key initiatives.