NGN
NGN
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The move raises questions about the stability of the crude-for-refined-product swap deal designed to ease pressure on the USD/NGN exchange rate, potentially increasing foreign-currency demand in both official and parallel markets in the near term.
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@bloomberg-markets · 07/14, 07:26 PM
Event soonDangote Refinery has halted the sale of petroleum products in naira in Nigeria due to failings in a 2024 crude supply plan.
The move raises questions about the stability of the crude-for-refined-product swap deal designed to ease pressure on the USD/NGN exchange rate, potentially increasing foreign-currency demand in both official and parallel markets in the near term.
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