NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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NNPC moves to secure foreign crude for Dangote Refinery as fuel prices climb

THE Nigerian Government, through the Nigerian National Petroleum Company Limited (NNPC), is exploring the supply of foreign crude oil to the Dangote Petroleum Refinery through international traders to sustain domestic refining. Industry officials, however, say the move may not immediately lower petrol prices, as Nigerians continue to face rising fuel costs following recent price increases […]

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