Dangote Says NNPCL Delivered 3 of 14 Crude Cargoes Under Naira Deal
Updated
Updated · Tribune Online · Jul 22
Dangote Says NNPCL Delivered 3 of 14 Crude Cargoes Under Naira Deal
2 articles · Updated · Tribune Online · Jul 22
Summary
Dangote Refinery said NNPCL supplied only 3 of 14 crude cargoes due under the federal naira-for-crude programme, calling the volume less than 25% of what it expected.
The statement directly rebutted NNPCL’s claim that it had fully met all available supply obligations and had not withheld feedstock from the refinery.
Insufficient crude deliveries have already pushed Dangote to plan dollar-denominated sales of refined products, citing higher production costs and greater reliance on imported crude.
That shift has raised concerns over pressure on Nigeria’s foreign-exchange market and fuel prices, even as stronger global oil prices could lift export earnings.