Crude oil policy

The House of Representatives has inaugurated a special committee to examine the federal government’s Naira-for-Crude Oil policy, a plan intended to reduce pressure on foreign reserves by conducting oil transactions in the local currency instead of the U.S. dollar. Inaugurating the adhoc Committee on the implementation and oversight of the policy, in Abuja, the Speaker of the House, Dr Abbas Tajudeen said the committee would evaluate the policy’s effectiveness, identify […]