The Dangote and federal government the naira-for-crude deal has now ended as Dangote Refinery will suspend loading petroleum products for Nigerian market amid delays in the naira-for-crude deal.
As the renegotiation of the naira-for-crude deal is not recording significant progress, @thecableng report that, however, sources said the refinery will continue to load for export as it currently sources all its crude stock from the international market in dollars.
The refinery sells to Nigerian marketers in naira because it buys crude in the local currency through the deal with the Nigerian National Petroleum Company (NNPC) Ltd.
