- Nigeria will use the local currency exchange rate in its external market to fix crude sales to the Dangote refinery in Africa
- According to sources, Aliko Dangote’s large oil refinery will employ the Nafem window’s closing rate set by the central bank
- The goal of the crude for naira initiative is to increase gasoline supply to the domestic market while easing pressure on the local currency
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Nigeria has decided to fix crude sales to Africa’s largest and newest oil refinery using the local currency’s rate in its external market.
