Dangote dumps naira for dollar fuel sales as FX mismatch tests crude policy

Key points Main Story Nigeria’s push to shield domestic fuel prices from foreign exchange pressures is facing a fresh test after Dangote Petroleum Refinery switched major refined product sales from naira to US dollars. The refinery has fixed the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, at $0.779 per litre under … Continue reading Dangote dumps naira for dollar fuel sales as FX mismatch tests crude policy