The Nigerian National Petroleum Company Limited has been instructed by President Bola Tinubu to sell crude oil to Dangote Refinery and other forthcoming refineries in Naira.
This was announced in a post on Monday on his official X handle by Bayo Onanuga, the Special Advisor to the President on Information and Strategy.
Onanuga said that the Federal Executive Council took the action today in order to guarantee the stability of the refined gasoline pump price and the dollar-to-Naira exchange rate.
According to PUNCH Online, the Dangote Refinery currently needs 15 cargoes of petroleum at a $13.5 billion annual cost. NNPC has promised to pro
vide four.
According to PUNCH Online, the Dangote Refinery currently needs 15 cargoes of petroleum at a $13.5 billion annual cost. NNPC has promised to provide four.
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