Naira-for-crude: LCCI urges govt to peg exchange at $/N1,000

The Lagos Chamber of Commerce and Industry urges the Federal Government to provide crude oil to local refiners at a $/N1,000 exchange rate, to tackle the rising petrol prices. In a statement, the LCCI President, Gabriel Idahosa, argued pegging the exchange rate for crude sales to local refineries would lower the cost of fuel production,

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