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OIL AND GAS
FG’s fragile naira-for-crude deal forces Dangote to sell fuel in dollars
BusinessDay
Jul 14, 2026 · 04:00 WAT
The federal government's naira-for-crude arrangement is facing strain, forcing Dangote Refinery to sell fuel in US dollars. This shift is expected to trigger higher domestic fuel pump prices and exert further depreciation pressure on the Nigerian naira, affecting the broader macroeconomic environment.