Full Dangote refinery capacity could drive naira below ₦1,000/$ — Otedola
[NigerianEye - Nigeria] - 12/02/2026
Billionaire businessman, Femi Otedola, has said naira could trade below ₦1,000 to the US dollar before the end of 2026, following the Dangote Petroleum Refinery reaching its full production capacity of 650,000 barrels per day.Otedola made the claim in a post on X on Thursday while congratulating his friend and fellow businessman, Aliko Dangote, on the milestone.The naira, which has strengthened in recent weeks, was trading around ₦1,354 to the dollar at the official foreign exchange market on Thursday and about ₦1,430–₦1,440 on the parallel market — its strongest levels in more than two (…)
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