The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in two weeks’ time, the Executive Director, Dangote Group, Devakumar Edwin, has revealed.
The naira is gradually gaining momentum against the dollar as the parallel segment of the foreign exchange (FX) market reacted positively to the $3 billion crude oil repayment loan secured by the Nigerian National Petroleum Company Limited (NNPCL) from Africa Import and Export Bank (AFREXIM) to stabilise the local currency. Checks by Daily Trust on…
Naira has recovered massively in both the parallel and official markets after the Bureau de Change operators' message to CBN to sell foreign exchange to them.