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.
The FIRS Boss while addressing state House Reporters said, Dangote and other local Refineries have also been mandated by the approval given that the refined products of the refineries will be sold to Marketers for local consumption in Naira.
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