The Nigerian National Petroleum Company Limited (NNPCL) has signed a fresh two-year crude supply deal with the Dangote Petroleum Refinery, which was disclosed by Andy Odeh, NNPCL’s Chief Corporate Communications Officer.
He said, “In line with the FGN Crude for Naira Initiative, NNPC Limited has continued to allocate crude to Dangote refinery in naira for the sale of products in the domestic market.
“On the basis of the above, NNPC Limited, DPRP (Dangote Petroleum Refinery and Petrochemical), and NMDPRA periodically reconcile the volume and cost of product supplied in naira commensurate with the crude delivered.
“NNPC and DPRP have negotiated and in August signed a new Sales and Purchase Agreement for a tenure of two years.”
According to data, between October 2024 and September 2025, 82 million barrels of crude were allocated to the Dangote refinery, with 49.3 million barrels, or 60 percent, supplied in Naira under the crude-for-Naira payment scheme.
