NewsArena
Newsarena.ng is an online news media established to disseminate up-to-date and unbiased reportage of issues of public concern, with high level of professionalism, based on truth.

FEC Approves Sale Of Crude Oil To Dangote, Others In Naira

The Federal Executive Council, FEC has mandated the Nigerian National Petroleum Corporation, NNPC to immediately begin the sale of crude oil to local refineries, including the Dangote Refinery in local currency.

Federal Inland Revenue Service (FIRS) boss Zack Adedeji disclosed after a FEC meeting chaired by President Bola Tinubu in Abuja on Monday.

He said the measure would reduce the strain on the country’s foreign spendings and stabilise the pump price of petrol, diesel and other products in Nigeria.

Adedeji said FEC ordered that the state-owned NNPCL immediately begin the full implementation of the directive to boost local production of refined petroleum products in Nigeria.



...To get more news updates, Join our WhatsApp Group (Click Here) and Telegram Group(Click Here)
Also Read:  Cholera Update: Lagos Fatalities Increase As New Suspected Cases Emerge
Leave A Reply

Your email address will not be published.