Federal Government, Dangote Refinery in Talks Over Possible Return to Naira Sales of Petroleum Products

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The Federal Government and Dangote Refinery are reportedly in discussions over the sale of petroleum products, with talks focusing on the possibility of transitioning from dollar-denominated transactions back to naira payments.

According to reports, the discussions are aimed at reviewing the current sales framework as part of broader efforts to strengthen the domestic petroleum market and improve access to refined products.

While no official decision has been announced, indications suggest that a return to naira sales is being considered as a potential outcome of the ongoing engagement between both parties.

Industry observers say such a move could reduce pressure on foreign exchange demand, enhance liquidity in the local market and support the Federal Government’s broader economic reforms.

Both the Federal Government and Dangote Refinery are yet to issue an official statement confirming the outcome of the discussions. Further details are expected as consultations continue.