Nigeria's state oil company NNPC Ltd has begun discussions with the Dangote Oil Refinery to extend its contract for supplying crude oil in the naira currency, the company said. The original six-month agreement,

The Dangote Refinery, Africa’s largest oil refinery, is reportedly considering increasing its crude oil imports as discussions

The Nigerian National Petroleum Company Limited, NNPCL, has been warned against sabotaging the operations of local refineries. A political pressure group,

The Conference of Progressive Nigerians (CPN) has cautioned the Nigerian National Petroleum Company (NNPC) Limited against suspending the naira-for-crude oil swap deal with domestic refiners.

Though the six-month naira for crude deal is soon to come to an end, the policy framework on which it is based is still in place, and supply will continue.

Limited has confirmed ongoing negotiations for a new naira-for-crude deal with Dangote Petroleum Refinery. ・NNPC is negotiating a new naira-for-crude deal with Dangote Petroleum Refinery. ・The initial agreement with Dangote Refinery was a six-month contract set to expire in March 2025.

The Nigerian National Petroleum Company Limited has provided clarification to its naira to crude swap agreement with Dangote refinery and other local refineries.

The Nigerian National Petroleum Company Limited, NNPCL, has denied terminating its naira-for-crude sale deal with Dangote Refinery. The spokesperson for NNPCL, Olufemi Soneye, made this clarification in a statement on Monday.