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Petrol price to rise as NNPC halts naira-for-crude deal with local refineries

Nigerians could be on the verge of paying more for Premium Motor Spirit (PMS) as the Nigerian National Petroleum Company (NNPC) Limited has stopped its naira-for-crude deal with Dangote Petroleum Refinery and other local refineries. With this latest development, local refineries will now have to buy crude oil from international suppliers, paying in dollars instead […]

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