FEATURES: Naira-For-Crude And Matters Arising(AFRICAN EXAMINER) – Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy, introduced in 2024, entails the sale of crude oil to domestic refineries– Dangote Refinery and others in naira instead of U.S. dollars. Sen. Ned Nwoko (APC Delta-North) had been vocal in advocating the Naira-for-Crude policy and harped on the need to create consistent, structural demand for the naira. Nwoko, who is the Senate Ad-hoc Committee Chairman on Crude Oil Theft, said there was need to replicate the policy across other sectors. “So, anything that is supposed to be purchased in Nigeria must be done in the local currency.