A controversial naira-for-crude arrangement between the Nigerian government and refiners, including the giant Dangote Refinery, is facing major setbacks due to the impact of oil-backed loans on the country’s crude oil production. The naira-for-crude deal is designed to supply domestic refiners with crude oil in exchange for naira payments. With the deal now stalled, local … Continue reading Oil-Backed Loans Disrupt Nigeria’s Naira-For-Crude Agreement