The Federal Government’s failure to renew the Crude for Naira agreement between NNPC Limited and Dangote Refinery, along with rising global crude oil prices, is set to push petrol pump prices higher across Nigeria in April and beyond. The six-month agreement, which expired in March, was initially brokered by the government last year. It allowed the national oil company to supply crude oil to the 650,000-barrel-per-day Dangote Refinery, with payments made in Naira. Despite initial challenges, the deal gradually reduced petrol prices from over N1,000 per litre to around N820,…
Read MoreNigerians To Pay More For Petrol Amid Domestic Dispute, Crude Price Hike
