Because of the stalling negotiations over the naira-for-crude agreement, Dangote Refinery is going to stop supplying petroleum products to the Nigerian market.
TheCable was informed by people with knowledge of the situation that the refinery will keep loading goods for export because it currently purchases all of its crude oil in dollars from foreign markets.
By using a crude supply agreement with the Nigerian National Petroleum Company (NNPC) Ltd., the refinery was able to buy crude in local currency and sell it to Nigerian marketers in naira.
Read Also: Breaking: PDP Governors Speak Out on Fubara’s Suspension, Rivers Crisis
Since there are no new conditions in the agreement, the refinery’s supply to the domestic market will be suspended.
Stay tuned for further developments.
Get every Post-UTM, Admission, List, JAMB, WAEC, NECO, and Schools Resumption Date, Breaking News on your WhatsApp Status Now - To join, click the links below.
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
