The Nigerian National Petroleum Company Limited (NNPC) has supplied four cargoes of crude oil to Dangote Refinery under the naira-for-crude sale agreement. Additional deliveries are expected in the coming weeks.
A source from Dangote Refinery disclosed that the first phase of this naira-for-crude sale agreement is set for six months. The government will review the agreement at the end of this period and may decide to renew it or not.
A total of 30,281 units valued at N30.936 million were traded this week in 19 deals compared with a total of 189,346 units valued at N187.047 million transacted last week in 28 deals. Source: NGX and Fundvine Research
The Central Bank of Nigeria (CBN) in an effort to address efficient and optimal circulation of currency circulation in the economy has directed Deposit Money Banks to ensure availability of cash to customers Over-the-Counter and through ATMs. The apex bank said it will intensify its oversight roles to enforce this new directive and ensure compliance. Members of[…]
