Dangote Refinery Threatens to Halt Petrol Supply in Nigeria
The complexities of international trade and local economics can often brew storms, leaving us to wonder about the wisdom of certain policies. One such focal point right now is the bustling activity surrounding the Dangote Refinery, particularly with its naira-for-crude policy that’s been quite the topic. This policy, orchestrated by the Nigerian National Petroleum Company (NNPC) Limited, dictates that local refiners buy crude oil in naira rather than dollars. At first glance, this sounds like a strategic move to…