Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing the need to align its sales currency with its crude oil procurement obligations, which are currently denominated in U.S. dollars.
In a statement issued on March 19, 2025, the refinery explained that its Naira sales had exceeded the value of Naira-denominated crude received, necessitating a temporary shift in sales currency.
The company assured customers that once it receives an allocation of Naira-denominated crude cargoes from the Nigerian National Petroleum Company (NNPC) Ltd., it will promptly resume fuel sales in the local currency.
Addressing circulating rumors, Dangote Refinery dismissed reports that it had halted loading due to an alleged ticketing fraud incident. The management described such claims as “malicious falsehood” and reaffirmed the integrity of its operational systems, stating that no fraud-related issues had occurred.
“We remain committed to serving the Nigerian market efficiently and sustainably,” the statement emphasized.
The company called for customers’ understanding during the transition, reiterating its dedication to stabilizing petroleum supply in the country.
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