Experts predict rise in petrol price as NNPC halts naira-for-crude deal for Dangote, others The Nigerian National Petroleum Company (NNPC) Limited has suspended the naira-for-crude oil swap deal with domestic refiners, including Dangote Refinery and other private operators. The latest decision, which took immediate effect, has sparked discussions about its implications for Nigeria’s energy sector and the broader economy. The naira-for-crude arrangement, introduced on October 1 2024, allowed local refiners to purchase crude oil in naira instead of dollars. The initiative was designed to support domestic refining capacity, reduce reliance on imported...