Clarification On The Naira Crude Contract Between NNPC Limited And Dangote - Politics

Clarification On The Naira Crude Contract Between NNPC Limited And Dangote - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Clarification On The Naira Crude Contract Between NNPC Limited And Dangote (15475 Views)

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Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by naptu2(op): 8:38pm On Mar 10, 2025

NNPC Limited @nnpclimited

PRESS RELEASE

Re: Clarification on the Naira Crude Contract Between NNPC Limited and Dangote Refinery

NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery.

To clarify, the contract for the sale of crude oil in Naira was structured as a six-month agreement, subject to availability, and expires at the end of March 2025. Discussions are currently ongoing towards emplacing a new contract.

Under this arrangement, NNPC Ltd. has made over 48 million barrels of crude oil available to Dangote Refinery since October 2024. In aggregate, NNPC Ltd. has made over 84 million barrels of crude oil available to the Refinery since its commencement of operations in 2023.

NNPC Limited remains committed to supplying crude oil for local refining based on mutually agreed terms and conditions.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

10th March, 2025

https://x.com/nnpclimited/status/1899160683977035906?t=4GjyZA8it0bJQ2M2L6r_FQ&s=19

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by naptu2(op): 8:38pm On Mar 10, 2025

Previous thread:

Petrol Price Hike Looms As NNPC Halts Naira-for-crude Deal With Local Refineries
https://www.nairaland.com/8364293/petrol-price-hike-looms-nnpc

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Kingpele(m): 9:04pm On Mar 10, 2025

Thieves...that Nigerians are yet to hit the street in protest against this wicked people in this regime is a miracle....when it's comes to what will reduce the suffering of citizens this government will be docile but when it comes to making life difficult for citizens, they will suddenly get the courage to do it, telling us is a bold step that have futuristic benefits... when stop this wicked government from prioritising local refineries that have direct impact on citizens instead of focusing on international trade...why not have this contact extended for another six months or indefinitely if Tpain main well for citizens....criminal state capture is evolving into what we might call state collapse

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by bamac(m): 9:04pm On Mar 10, 2025

So many hidden info. May God help us.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by osuofia2(m): 9:04pm On Mar 10, 2025

Nothing clarified here, more confused. NNPC are demons possessed agency

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by koko3: 9:05pm On Mar 10, 2025

Kudos

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Tjra: 9:06pm On Mar 10, 2025

the contract for the sale of crude oil in Naira was structured as a six-month agreement, subject to availability, and expires at the end of March 2025.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Princeton92(m): 9:07pm On Mar 10, 2025

Can someone speak English, please?

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by fmlala: 9:07pm On Mar 10, 2025

Alright

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Ndenomy: 9:07pm On Mar 10, 2025

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by kaludestiny10(m): 9:07pm On Mar 10, 2025

Dangote refinery dey spoil market for Tinubu led NNPC reason why they are terminating the deal. Tinubu and NNPC are hell bent on killing Nigerians.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by fmlala: 9:09pm On Mar 10, 2025

kaludestiny10:
Dangote refinery dey spoil market for Tinubu led NNPC reason why they are terminating the deal. Tinubu and NNPC are hell bent on killing Nigerians.

Must you dish out lies ni

12 Likes 1 Share

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by datola: 9:09pm On Mar 10, 2025

NNPC

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Lovelyflower(f): 9:10pm On Mar 10, 2025

This folks should stop playing with 200+milion people.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by JASONjnr(m): 9:10pm On Mar 10, 2025

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by ambale(m): 9:10pm On Mar 10, 2025

These demons keep growing wings daily

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by erniok(m): 9:11pm On Mar 10, 2025

kaludestiny10:
Dangote refinery dey spoil market for Tinubu led NNPC reason why they are terminating the deal. Tinubu and NNPC are hell bent on killing Nigerians.

No be everything be propaganda boy.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by EpicDude123: 9:11pm On Mar 10, 2025

Bulanomics on the Beatz grin

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by arsenal33: 9:13pm On Mar 10, 2025

kaludestiny10:
Dangote refinery dey spoil market for Tinubu led NNPC reason why they are terminating the deal. Tinubu and NNPC are hell bent on killing Nigerians.

APC helped Dangote to get the refinery built. People like you complained and now you want to claim Dangote's friend. Stay with your PDP fuel importers who have been Importing for almost 30 years

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by gateleo(m): 9:13pm On Mar 10, 2025

fmlala:
Must you dish out lies ni

It's inside their blood...nothing more...

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Gadafii: 9:15pm On Mar 10, 2025

If not for corruption why would nnpc want to sell the crude gotten in Nigeria to Nigerian refiners in dollars, absolute corruption

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by oka4ugoo: 9:16pm On Mar 10, 2025*

Section 20(1) of the Central Bank of Nigeria Act provides that the currency notes issued by the bank shall be the legal tender in Nigeria for all transactions.

What the hell is going on about this Naira for crude contract between Dangote and NNPC?

This country is Bleep mehn

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by naptu2(op): 9:16pm On Mar 10, 2025

Princeton92:
Can someone speak English, please?

The contract was for 6 months and it expires at the end of March. They are currently negotiating a new contract.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Judolisco(m): 9:19pm On Mar 10, 2025

All dis ones no concern us.. Reduce fuel price... Nigerians strong oh... Dis stunt dis government is playing plunged alot of countries into civil war

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by SanctifiedSista(f): 9:20pm On Mar 10, 2025

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1 Like

Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Mrexcell(m): 9:21pm On Mar 10, 2025

This means we likely to see a price increase in fuel in the coming days.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by Jagaban212(m): 9:21pm On Mar 10, 2025

What they push out to the media is always different from what is going on underground. Naija my country

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by shedy03(m): 9:22pm On Mar 10, 2025

Tjra:
the contract for the sale of crude oil in Naira was structured as a six-month agreement, subject to availability, and expires at the end of March 2025.

Well stated, contract expires end of march 2025. And no mention of renewal.

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Re: Clarification On The Naira Crude Contract Between NNPC Limited And Dangote by bdon12: 9:24pm On Mar 10, 2025

naptu2:
NNPC Limited @nnpclimited

https://x.com/nnpclimited/status/1899160683977035906?t=4GjyZA8it0bJQ2M2L6r_FQ&s=19[/quote]One year contract....are they ok?Are u selling crude in naira to dangote or not?not all this long stories

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