Nigeria, April 9 -- A meeting between a presidential delegation and officials of the Dangote refinery, NNPC and other parties has agreed to extend the policy of selling Nigerian crude to local refineries in naira.

This was disclosed by the Ministry of Finance in a post on its X handle.

The Tuesday meeting also resolved that the policy, which also includes the sale of the products obtained from such crude in naira, will not have a terminal date.

"The Crude and Refined Product Sales in Naira initiative is not a temporary or time-bound intervention, but a key policy directive designed to support sustainable local refining, bolster energy security, and reduce reliance on foreign exchange in the domestic petroleum market," the finance minis...