Naira

KEY POINTS The Dangote Petroleum Refinery, Nigeria’s flagship private downstream asset, has suspended sales of petrol in naira, setting the stage for another round of turbulence in the country’s fuel …

Brent crude falls below $70, adding pressure on Nigeria’s economy and currency while raising hopes for lower petrol prices.

Nigeria, Africa’s largest oil producer, has the cheapest petrol price in West Africa, even after the recent devaluation of its currency, the naira, against the US dollar. According to data …