Modular Refineries Decry Exclusion from Naira-for-Crude Initiative   The Crude Oil Refiners Association of Nigeria (CORAN) has faulted the Technical Sub-Committee of the Crude and Refined Product Sales in Naira over the continued exclusion of modular and smaller local refiners from ongoing discussions on the...

FG Lauds Naira-for-Crude Deal Milestones   The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation. This was revealed during a high-level follow-up meeting of the...

Petrol Imports Surge to 154m Litres Weekly Amid Naira-for-Crude Crisis   Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17, and Sunday, March 23. According to a document obtained from the Nigerian...

FG Panel Reconvenes Monday to Address Naira-for-crude Crisis     The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar...

Finance Minister, NNPCL Review Crude Oil Sales Policy The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to assess developments and reaffirm commitments to the policy framework, a senior government official said. The source, who spoke on...