Suspending Naira-for-Crude Oil Deal Will Deepen Forex Crisis and Fuel Economic Hardship, Group Warns
A storm is brewing over Nigeria’s oil sector as the Conference of Progressive Nigerians (CPN) has issued a stern warning to the Nigerian National Petroleum Company Limited (NNPCL), cautioning against any attempt to halt the naira-for-crude exchange arrangement. The group insists that suspending the policy will not only destabilize the country’s fragile forex reserves but … Read more