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October 29, 2025 - 6:29 PM

JUST IN: Dangote Refinery Suspends Sale of Petroleum Products in Naira

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Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira due to a mismatch between sales proceeds and crude oil purchase obligations in U.S. dollars.

The company stated that sales in Naira have exceeded the value of Naira-denominated crude received.

It assured that once the Nigerian National Petroleum Corporation (NNPC) allocates Naira-denominated crude, sales in Naira will resume.

The refinery also dismissed rumors of ticketing fraud, emphasizing the robustness of its systems.

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