Naira-for-Crude Deal Collapse: Experts Warn of FX Market Pressure, Inflation Risks
The stalled negotiations between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refineries over the naira-for-crude deal have sparked concerns among market analysts, who warn that the collapse of the agreement could threaten liquidity in the foreign exchange market and undermine the country’s efforts to curb inflation. The naira-for-crude contract, which was introduced on