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Naira-for-crude: FG, Dangote set for talks as refinery imports 12.6m barrels

There are indications that the naira-for-crude policy of the Federal Government may continue, as impeccable insider sources familiar with the development insisted on Monday that all parties involved in the deal would reconvene soon.The first phase of the six-month deal involving the Federal Government, Nigerian National Petroleum Company Limited, and Dangote Petroleum Refinery ended March 31, 2025.It has not been renewed, and the Dangote refinery has since stopped selling refined petroleum products in naira due to the non-renewal of the naira-for-crude deal.This came as a report by S&P Global on Monday stated that the Dangote refinery processed approximately 400,000 barrels per day of crude oil in 2025 so far, with about 35 per cent of this supply being sourced from international imports. This means the plant imported about 140,000 barrels of crude oil per day and a total of 12.6 million barrels in three months.Commenting on the naira-for-crude policy, a senior government official fami…