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BREAKING: FEC approves sale of Crude oil to Dangote, others in Naira

The Federal Executive Council (FEC) has approved the sale of Crude oil to Dangote Refinery and other local Refineries in naira instead of dollars.

This was disclosed to State House Reporters by the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, after the Federal Executive Council (FEC) meeting of Monday.

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The FIRS boss, while addressing state House Reporters said, by the approval, refined products of the refineries will be sold to marketers for local consumption.

Details later…

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