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Just2Trade Review Unveils Key Pros and Cons for Today’s Traders and Investors

By
TI Partners
-
0

Selecting the right broker can make a significant difference in your trading success. Our comprehensive just2trade review examines whether this broker offers the right balance of features, costs, and security for your individual trading needs. We’ve analyzed numerous aspects of their service offering to help you determine if Just2Trade aligns with your investment goals and trading style.

This review is based on thorough research and testing, evaluating Just2Trade across multiple criteria to help you make an educated decision about whether this broker is suitable for your specific requirements.

Broker Overview: Key Features and Expert Verdict

Just2Trade positions itself as an online discount broker serving clients in over 130 countries since 2016. The broker offers a combination of competitive pricing and diverse platform options designed to accommodate various trading approaches.

What distinguishes Just2Trade from many competitors is its account structure organized by asset class rather than the typical tiered approach. This organization makes it easier to identify the most suitable account based on your preferred markets.

For pragmatic traders seeking simplicity and efficiency, Just2Trade delivers a straightforward trading environment backed by regulatory protection. However, traders requiring advanced analytical capabilities may find the offerings somewhat limited compared to premium brokers.

Pros and Cons at a Glance

Pros:

  • Access to over 30,000 tradable assets across multiple markets
  • Three specialized account types tailored to different trading objectives
  • Proprietary trading platform alongside industry-standard options
  • Diverse instrument selection including forex, stocks, futures, and CFDs

Cons:

  • $100 minimum deposit requirement (higher than some competitors)
  • Limited cryptocurrency selection compared to specialized exchanges
  • Research tools less comprehensive than those of premium brokers
  • Educational resources suitable for basics but lacking advanced content

Regulation and Security: How Safe is Your Money?

Just2Trade operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) under license number

281/15 and complies with MiFID II directives, creating a strong framework for client protection.

The broker implements robust security measures to safeguard both your funds and personal information:

  • Advanced encryption technology protects data and financial transactions
  • Multi-factor authentication prevents unauthorized account access
  • Client funds are held in segregated accounts separate from company operational funds
  • Membership in the Investor Compensation Fund provides protection up to €20,000

For traders concerned with regulatory compliance and fund security, Just2Trade offers a satisfactory level of protection aligned with European regulatory standards.

Trading Platforms and Technology

Just2Trade provides multiple platform options:

MetaTrader 4 (MT4): Industry-standard platform with extensive charting capabilities, automated trading through Expert Advisors, and a user-friendly interface.

MetaTrader 5 (MT5): Enhanced version with additional timeframes, improved depth of market visibility, and native support for a wider range of assets.

Proprietary Platform: Just2Trade’s own trading solution designed to address specific client needs.

All platforms are available across desktop applications (Windows and Mac), web-based trading, and mobile applications (Android and iOS) enabling on-the-go trading with comprehensive functionality rather than limited features.

Account Options and Minimum Requirements

Just2Trade structures its accounts to accommodate different experience levels:

Basic Account: Designed for beginning traders with simplified features and lower costs.

Pro Account: Offers advanced features, potentially lower spreads, and enhanced execution for more experienced traders.

A comprehensive demo environment realistically simulates market conditions for practice and strategy testing. Islamic (swap-free) accounts are available for traders adhering to Sharia principles.

The minimum deposit requirement starts at $100, though this may vary depending on account type and location. Managed accounts are no longer offered as the broker has shifted focus to self-directed trading services.

Commission Structure and Trading Costs

Just2Trade maintains competitive and transparent fee structures:

  • Standard minimum deposit of $100 (may vary by account type/location)
  • Competitive spreads that generally align with or beat industry averages
  • CFD and Forex fees primarily based on spreads without additional commissions
  • No regular account maintenance fees
  • Inactivity charges may apply after extended periods without trading
  • Generally no fees for deposits or withdrawals from the broker side

Actual trading costs vary by account type, instrument selection, and trading volume, with discounts typically available for higher-volume traders.

Investment Products and Market Access

Just2Trade offers access to diverse markets through a single account:

  • Forex: Extensive selection of currency pairs
  • Commodities: Agricultural and non-agricultural products
  • Equities: Direct access to stocks across multiple global exchanges
  • ETFs: Exchange-traded funds covering various sectors and indices
  • Futures: Contracts on indices, currencies, and commodities
  • Indices: Major global market benchmarks

The broker does not offer bonds or options trading, and its cryptocurrency selection is relatively limited compared to specialized exchanges.

Research, Education and Trading Tools

Just2Trade provides resources to support informed trading decisions:

The broker maintains a learning center with articles, videos, and interactive content covering trading basics and market analysis techniques. While these resources have improved recently, they remain less comprehensive than some premium competitors.

For market analysis, Just2Trade offers specialized tools including real-time notifications, trend exploration features, and instrument-specific insights. A standout feature is the comparative analysis tool that allows traders to benchmark their performance against the broader community.

These resources provide sufficient support for basic to intermediate trading approaches, though advanced traders may need external research sources.

Customer Service and Support Quality

Just2Trade offers support during standard hours (9AM-6PM EST) through live representatives, with extended hours assistance for urgent matters. Contact channels include live chat, email, and phone support.

Comprehensive self-service resources include detailed FAQs covering common platform questions and trading procedures. Support quality generally meets industry standards, with responsive representatives knowledgeable about the platform and trading mechanics.

Account Funding and Withdrawal Efficiency

Just2Trade supports multiple funding options including credit/debit cards, bank wire transfers, and e-wallets (PayPal, Skrill, Neteller). Withdrawal requests typically process within 1-3 business days, returning funds to the original deposit method.

No deposit or withdrawal fees are charged by the broker itself, though third-party payment providers may apply their own charges. This transparent approach eliminates hidden costs that can erode trading profits.

Final Verdict: Who Should Choose Just2Trade?

Just2Trade best serves traders seeking a balance of affordability and functional tools without requiring cutting-edge features. Its competitive pricing, diverse platforms, and broad market access make it suitable for intermediate traders who know what they need.

Beginners can benefit from the straightforward interface and demo environment, though they may want more comprehensive educational resources. Advanced traders will appreciate the efficiency and competitive costs, though some may find the research tools somewhat limited.

For traders prioritizing regulatory protection, platform diversity, and multi-asset access from a single account, Just2Trade offers a compelling package. Those requiring specialized features for advanced strategies might consider more focused alternatives.

The final decision should align with your individual trading objectives, capital availability, and preferred markets. Consider testing the demo account before committing real capital.

Media Contact

Content person: David

Company: J2t

Email: 24_support@j2t.com

Website: https://j2t.com/

Address: Lime Trading (CY) Ltd

Magnum Business Center, Office 4B, Spyrou Kyprianou Avenue 78

Limassol 3076, Cyprus

EU Approves First Round of 10% & 25% Retaliatory Tariffs Against U.S., Sparking Concerns of Further Tariffs From Trump

By
Samuel Nwite
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0

The European Union has moved ahead with the first phase of its retaliatory tariffs against the United States, marking a critical point in an escalating trade standoff that is sending tremors through global markets.

The European Commission announced Wednesday that the bloc will begin collecting duties from April 15 in response to Washington’s 25% tariffs on EU steel and aluminum exports. The duties range between 10% and 25% and affect $25 billion worth of U.S. goods.

While the EU has not yet released a final list of affected goods, a draft seen last month suggests the tariffs will hit a wide swath of American exports—ranging from poultry and grains to metals and clothing. A second phase of retaliatory duties is expected to follow on May 15.

The EU’s executive arm called the U.S. tariffs “unjustified and damaging,” noting they are harmful not only to both sides but to the global economy as a whole.

“The EU has stated its clear preference to find negotiated outcomes with the U.S., which would be balanced and mutually beneficial,” the Commission said.

But the EU’s preference for diplomacy may not be enough to stave off further escalation from Washington, especially as tensions between the U.S. and China have already shown how far President Donald Trump is willing to go in this latest round of economic warfare.

Trump’s Pattern of Retaliation Raises EU Concerns

So far, it remains unclear how the Trump administration will respond to the EU’s move. The White House has yet to issue an official statement following Wednesday’s announcement. However, last month, Trump warned that any country imposing retaliatory tariffs on the U.S. would face more severe duties in response.

During a rally in Pennsylvania and later on his social media platform, Trump threatened a 200% tariff on European alcohol imports if the EU went ahead with retaliatory measures. While that specific threat hasn’t materialized—yet—officials in Brussels are bracing for a possible follow-through, especially in light of the President’s swift action against China earlier this week.

On Monday, Trump lashed out at Beijing for raising tariffs on U.S. imports from 34% to 84%, calling China’s action a “direct affront” to prior warnings.

“China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long-term Currency Manipulation,” he said.

Trump made clear that such retaliation would not go unanswered: “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he said.

He has since stayed true to that threat. On Tuesday, the U.S. confirmed that it had raised the total tariff burden on Chinese imports to 104%, making it one of the most aggressive tariff regimes in modern trade history.

This development has left EU officials on edge. The fear is that Europe may now be in line for similar treatment, particularly as its own retaliatory duties take effect.

“We are prepared to respond,” said European Commission President Ursula von der Leyen earlier this month, emphasizing that the EU was still open to dialogue. “It’s not too late to address concerns through negotiations.” But her appeal for calm may not hold much sway in Washington.

€380 Billion in Exports Hit, More at Stake

According to the European Commission, the U.S. tariffs have impacted €380 billion ($420.45 billion) worth of the bloc’s exports—roughly 70% of Europe’s total exports to the U.S. Trade Commissioner Maros Sefcovic warned that the new U.S. duties would bring the total value of duties on European goods to €80 billion, a drastic increase from the €7 billion collected just a few years ago.

The full scope of the economic damage remains unclear, but industries across Europe are already bracing for higher costs, disrupted supply chains, and declining competitiveness in the U.S. market.

Adding to the uncertainty is the possibility that Washington may unleash targeted tariffs on specific European industries as retaliation. With past grievances, including disputes over aircraft subsidies, digital services taxes, and agricultural standards—still unresolved, there is no shortage of friction points that could serve as a pretext for further escalation.

Global Markets Rattled

The unfolding trade fight between the U.S., the EU, and China has already triggered a spike in market volatility. Investors are increasingly skittish, fearing that a prolonged tariff war will dampen global growth, drive up consumer prices, and destabilize already fragile supply chains.

Analysts say that without a shift in tone from either Washington or Brussels, the risk of a full-scale transatlantic trade war is now greater than at any point in the last decade.

For the EU, the immediate focus is to protect its economic interests while avoiding a tit-for-tat spiral. For the Trump administration, however, the approach remains rooted in brinkmanship, using tariffs as leverage to extract concessions and shift trade balances by force. Whether that strategy succeeds or backfires may soon hinge on how Washington responds to the EU’s opening salvo.

Forget Saylor’s Prediction of Bitcoin (BTC) Reaching $13M in 20 Years, Here Are 4 Coins to Build a $13M Portfolio in Just 2 Years 

By
TI Partners
-
0

Bitcoin’s hypothetical climb to $13 million per coin over two decades has sparked debates, but waiting 20 years feels impractical for investors chasing rapid growth. Instead, four cryptocurrencies—PEPE, DOGE, XRP, and Rexas Finance (RXS)—are gaining attention as potential shortcuts to million-dollar portfolios. While meme coins like PEPE and DOGE ride market volatility, and XRP banks on legal clarity, RXS stands apart by merging blockchain innovation with real-world asset tokenization. Rexas Finance has already surged 580% during its presale, raising over $47.6 million ahead of its 2025 launch. Here’s why RXS is eclipsing traditional predictions and reshaping crypto investment strategies.

Pepe Coin’s Volatile Momentum

Pepe Coin is making waves with a 5% weekly gain, defying broader market slumps. Analysts highlight PEPE’s resilience, noting its bounce from critical support levels while Bitcoin struggles near $84K. Technical indicators like the MACD hint at upward momentum, with experts predicting a 100% surge if PEPE breaks the $0.000008 resistance. Despite bullish charts, PEPE remains a high-risk bet, tethered to meme coin trends and speculative trading. Its lack of tangible utility leaves long-term viability in question, especially as investors seek assets anchored to real-world value.

Dogecoin’s Cyclical Hopes

Dogecoin mirrors its 2017 price pattern, fueling speculation of a June breakout toward $1. Analysts point to a 119-day consolidation phase, aligning with historical cycles that preceded past rallies. Technical tools like the RSI and MACD signal growing bullish momentum, yet DOGE’s reliance on social sentiment and celebrity endorsements casts doubt. While its community-driven appeal persists, Dogecoin’s absence of functional use cases limits its appeal next to projects solving real-world financial challenges.

XRP’s Legal Liftoff 

XRP is buzzing as the SEC-Ripple lawsuit nears its end, with analysts like Egrag Crypto forecasting a $5–$6 surge. A resolution could validate XRP’s legitimacy, attracting institutional interest and ETF possibilities. However, regulatory gray areas linger, and the altcoin’s 3-year stagnation tests investor patience. Even a rally to $10—as some predict—may not offset the risks tied to prolonged legal uncertainties, making XRP a cautious play in a market craving stability.

Rexas Finance: Bridging Real Assets and Blockchain 

While PEPE, DOGE, and XRP juggle speculation, Rexas Finance (RXS) is redefining crypto utility by tokenizing real-world assets (RWAs). With global markets like real estate and gold exceeding $500 trillion, RXS unlocks fractional ownership—imagine owning a piece of a Paris apartment or a Dubai hotel from your smartphone. Rexas Finance is transforming how assets are owned. By digitizing real estate, commodities, and art, RXS lets users buy, sell, or trade fractions of high-value properties instantly. This isn’t futuristic—it’s operational, with RXS’s Quickmint Bot enabling instant asset tokenization. Coupled with AI-driven tools like GenAI for market predictions and AI Shield for fraud detection, Rexas ensures security and simplicity in every transaction.

The RXS Ecosystem: Beyond Tokenization 

Rexas isn’t stopping at asset digitization. Its Launchpad empowers entrepreneurs to fund projects through token sales, while the Estate platform offers a marketplace for trading RWAs. The Token Builder allows anyone—even non-coders—to create asset-backed tokens in minutes. With staking pools offering 22.5% of the token supply as rewards, RXS incentivizes long-term holding, stabilizing its economy. Already listed on CoinMarketCap and CoinGecko, RXS is eyeing top-tier exchanges post-launch, ensuring liquidity and global reach.

Presale Dominance and $1M Giveaway

Rexas Finance’s presale has become a phenomenon, jumping from $0.03 to $0.20 as Stage 12 nears completion. Over 91.6% of the 500 million presale tokens have sold out, with a confirmed listing price of $0.25. Early buyers could see 50x gains if RXS hits its projected $10+ target. The team’s decision to bypass VCs for a public presale underscores its community focus, further boosted by a live $1 million giveaway. Twenty winners will each claim $50,000 in RXS, amplifying FOMO as the presale’s final stage closes.

Why Rexas Finance Outshines the Rest 

Meme coins and legal-dependent assets pale next to RXS’s concrete solutions. CertiK-audited smart contracts ensure trust, while its real-world integrations offer stability rare in the crypto market. With $47.6 million raised and a 2025 launch pending, Rexas isn’t predicting the future—it’s building it. Analysts peg RXS for a $7–$10 surge post-launch, turning modest presale investments into life-changing returns.

Securing Your Spot in the RWA Frontier 

Bitcoin’s distant predictions fade as Rexas Finance delivers immediate, transformative potential. While PEPE, DOGE, and XRP hinge on hype and hope, RXS anchors gains in the multi-trillion RWA market. The presale’s final stage offers a last-chance entry before exchange listings and price surges. For investors eyeing a $13 million portfolio, RXS isn’t just an option—it’s the blueprint.

 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Trump’s Tariff War Escalates as China Hits Back with 84% Levies on U.S. Imports

By
Samuel Nwite
-
0

The Trump administration’s years-long obsession with forcing American manufacturing to return home, especially its push for a U.S.-made iPhone, is colliding head-on with the hard realities of international trade and global supply chains.

That dream received a symbolic boost this month as President Trump ratcheted up tariffs on Chinese imports, pushing levies above the 100% mark. But just as swiftly, China has responded with its own counterpunch—slapping steep new tariffs on American goods, escalating the trade war into dangerous territory for both countries and the global economy.

According to China’s Office of the Tariff Commission of the State Council, tariffs on U.S. goods will surge to 84%, up from 34%, effective April 10.

The announcement, translated and released Wednesday, comes a day after the U.S. tariff hike took effect, raising import taxes on Chinese goods to 104% following an additional 50% increase ordered by Trump in response to Beijing’s initial retaliatory move on April 2.

China’s foreign ministry over the weekend slammed the Trump administration’s latest tariffs.

“By taking such action, the United States defies the fundamental laws of economics? and market principles, disregards? the balanced outcomes achieved through multilateral trade negotiations, ignores the fact that the U.S. has long benefited?substantially from international trade, and weaponizes tariffs to exert maximum pressure for selfish interests,” it said.

The tit-for-tat escalation is not only threatening to choke trade between two of the world’s biggest economies, but it’s also throwing a wrench into the Trump administration’s push to bring high-tech manufacturing, including the iPhone, back to American soil. As the White House dials up its protectionist policies, Apple is accelerating a quiet exit from China—not to the United States, but to India, where the cost and scale of production still make economic sense.

Still, Trump continues to tout the idea of Apple manufacturing iPhones in the U.S. as a core piece of his “America First” economic platform. Speaking at a rally earlier this week, Trump said: “We’re bringing it all back. Apple, too. We’re not going to rely on China anymore.”

The administration’s narrative has been amplified by aides like Press Secretary Karoline Leavitt, who cited Apple’s $500 billion domestic investment pledge as proof that homegrown iPhone production is within reach.

But industry experts warn that manufacturing iPhones in the United States, far from being a patriotic triumph, would result in disastrous economic consequences for Apple and its customers. Not only would iPhones become dramatically more expensive—possibly over $2,000 apiece according to some analyses—but the U.S. lacks the industrial infrastructure and labor ecosystem required to match the efficiency and scale of Apple’s Chinese operations.

Apple, recognizing that the U.S.–China trade war is unlikely to ease soon, has been quietly shifting more of its supply chain to India. With labor and production costs second only to China, India offers a practical alternative for Apple, which has already begun assembling new iPhone models in the country through contract manufacturers like Foxconn and Pegatron. Analysts say Apple aims to produce as much as 25% of its global iPhone supply in India by 2026.

The economic shockwaves of the escalating trade war are already being felt. The Office of the U.S. Trade Representative noted that the U.S. exported $143.5 billion worth of goods to China in 2024 while importing $438.9 billion—a massive trade imbalance that Trump has long vowed to correct. Yet instead of narrowing the gap, the tariff war appears to be deepening economic uncertainty.

Global markets have not taken kindly to the latest blows. On Tuesday, the S&P 500 slid to its lowest level in over a year, down nearly 20% from its peak and officially entering bear market territory. In Asia, South Korea’s Kospi Index followed suit, while stocks in Shanghai and Hong Kong have plunged since the U.S. unveiled its April 2 tariff offensive.

U.S. Treasury Secretary Scott Bessent, in an interview with Fox Business, remained defiant.

“It’s unfortunate that the Chinese don’t want to negotiate, because they are the worst offenders in the international trading system,” he said. “They have the most imbalanced economy in the history of the modern world. This escalation is a loser for them.”

But for many U.S. industries, especially agriculture and manufacturing, the pain is already tangible. China’s tariffs are expected to hit U.S. farmers and exporters hard, many of whom rely heavily on the Chinese market for sales of soybeans, pork, and machinery. And for companies like Apple, the trade war is further complicating already strained global logistics.

The Trump administration’s earlier tariffs—imposed in part under the banner of stopping fentanyl inflows—had already included countries like Canada and Mexico, creating frictions with even longstanding U.S. allies. But with China now taking an unyielding stance and global markets in freefall, the administration’s economic nationalism is being tested like never before.

Tinubu Overrules NNPCL, Reinstates Naira-for-Crude Policy as Oil Prices Plunge and Economic Fears Deepen

By
Samuel Nwite
-
1

In a strategic reversal of the Nigerian National Petroleum Company Limited’s (NNPCL) decision, President Bola Tinubu’s administration has reinstated the naira-for-crude oil policy, describing it as a cornerstone initiative intended to protect the country’s economy from mounting external shocks.

The federal government’s move comes against the backdrop of tumbling oil prices, now hovering around $60 per barrel—a drop triggered by the escalating global tariff war orchestrated by U.S. President Donald Trump, which has rattled energy markets and worsened fears of a global slowdown.

In a meeting held Tuesday with stakeholders including the Dangote Refinery and top oil and fiscal authorities, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, affirmed that the naira-for-crude scheme “remains in effect” and is “not a temporary measure.” Rather, he emphasized that it is a long-term economic directive of the Tinubu administration aimed at ensuring Nigeria’s energy security, boosting local refining, and insulating the nation from the volatile swings of the international oil market.

A day later, the Ministry of Finance posted an official statement on its X handle reinforcing the government’s position. The post disclosed that the Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative convened to assess progress and address implementation bottlenecks.

The committee is chaired by Edun, with Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji leading the technical sub-group. Also in attendance were NNPCL’s Chief Financial Officer, Dapo Segun; representatives from Dangote Petroleum Refinery; officials from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Central Bank of Nigeria (CBN), the Nigerian Ports Authority (NPA), and the African Export-Import Bank (Afreximbank). The Committee’s Secretary, Hauwa Ibrahim, was also present.

“The stakeholders reaffirmed the government’s continued commitment to the full implementation of this strategic initiative, as directed by the Federal Executive Council (FEC),” the ministry stated. “The Crude and Refined Product Sales in Naira initiative is not a temporary or time-bound intervention, but a key policy directive designed to support sustainable local refining, bolster energy security, and reduce reliance on foreign exchange in the domestic petroleum market.”

Triggered by Oil Crash and Economic Peril

The timing of the government’s announcement is no coincidence. Oil prices, Nigeria’s fiscal lifeline, have dipped to around $60 per barrel in recent weeks due to escalating trade tensions and retaliatory tariffs between the U.S. and China, intensified by Trump’s renewed push for economic confrontation. The decline has sparked alarm in oil-dependent economies like Nigeria, where revenue from crude accounts for over 70% of government earnings and more than 90% of foreign exchange inflows. It also comes against the backdrop of the $75 per barrel oil benchmark for Nigeria’s 2025 budget.

Even more troubling is a stark warning issued by investment bank Goldman Sachs, which cautioned that crude prices could fall below $40 per barrel in the near term if market instability continues. Such a scenario would spell disaster for Nigeria, which is already struggling with a widening budget deficit, soaring inflation, and a currency crisis. Analysts say a further plunge in oil revenue could severely compromise the government’s ability to finance capital projects and maintain critical public services.

“The real panic will start when Brent drops below $60. What has come below $60 so far is Western Texas Intermediate (WTI) — a heavy crude grade that’s $4-5 cheaper than the lighter grade Brent (that Nigeria’s blends are benchmarked with). Also surprised that the $23.1bn net foreign exchange reserves that the CBN claimed it has, is not coming to save the Naira at such critical time,” Kelvin Emmanuel, an energy analyst, said.

Against this backdrop, it is believed that the naira-for-crude policy is being resurrected as a buffer against the looming oil shock. The initiative allows the NNPCL to sell crude oil to local refineries, most notably the $20 billion Dangote Refinery—in naira, rather than in U.S. dollars. Government officials believe this will help conserve foreign reserves, reduce demand for hard currency, and ease pressure on the naira, which has suffered a sharp depreciation in years.

“The initiative remains in effect and will continue for as long as it aligns with the public interest and supports national economic objectives,” the ministry said.

The Fallout, the Reversal, and the New NNPCL Board

The policy was first introduced in July 2024 by the Federal Executive Council as part of broader reforms to localize the petroleum market and reduce Nigeria’s dependency on imported dollar-priced fuel. Under the scheme, NNPCL was directed to sell crude to local refineries in naira, to stabilize fuel prices and prevent imported inflation.

But in March 2025, the NNPCL, under the now-sacked Mele Kyari, abruptly declared the deal a six-month pilot program, stating that it had expired. This triggered an immediate halt in naira-denominated product sales by the Dangote Refinery, which warned that continuing to sell fuel in naira while buying crude in dollars would create an unsustainable mismatch.

Within days, the ripple effects were felt across the country. Petrol pump prices surged from about N860 to N1,000 per liter. Consumers groaned under the weight of the price hike, and economists warned of cascading effects on the transportation, food, and manufacturing sectors.

Some believe that the chaos, among other reasons, prompted swift action from President Tinubu, who fired Kyari along with the entire NNPCL board. In their place, he appointed a new 11-member board, naming Bashir Ojulari as Group Chief Executive Officer and Ahmadu Kida as Non-Executive Chairman. The move was widely interpreted as a signal of the president’s determination to reset the course of Nigeria’s energy policy.

Economic Lifeline or Mere Stopgap?

While the resumption of naira-for-crude sales is expected to bring short-term relief, particularly by keeping pump prices from spiraling further, experts caution that insufficient crude oil supply by the NNPCL remains a challenge that could limit how far the policy can go in addressing the deeper economic issues. The state-owned oil company has struggled to meet its crude supply obligation to Dangote Refinery – a development attributed to poor oil output and too many forward sale agreements.

However, in the face of a possible sub-$40 oil environment and a currency that’s already lost significant value this year, the government sees the initiative as a crucial tool for defending its fragile economy. According to fiscal analysts, the deal could relieve Nigeria’s central bank of significant pressure in managing dollar demand, while offering local refineries a cheaper source of crude.

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