…Discussions are ongoing, says NNPC

A controversial naira-for-crude association between the Nigerian authorities and refiners, together with the enormous Dangote Refinery, has hit a brick wall as a result of impression of oil-backed loans on the nation’s crude oil manufacturing.

The naira-for-crude deal is designed to provide home refiners with crude oil in trade for naira funds. With the deal now stalled, native refineries will depend on worldwide suppliers for feedstock, gulping big prices in {dollars}.

A number of sou