Naira-for-Crude Collapse: Nigeria’s Petrol Prices Set to Soar!

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Nigeria’s downstream oil sector faces turmoil as the naira-for-crude deal between NNPC and Dangote Refinery collapses, causing petrol prices to spike from ₦860 to over ₦930 per litre. Stakeholders demand urgent government action to prevent further destabilisation, highlighting the deal’s role in stabilising domestic fuel pricing and energy security.

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