Dangote Petroleum Refinery has announced a temporary suspension of the sale of petroleum products in Naira, citing the need to align its sales currency with its crude oil purchase obligations, which are denominated in U.S. dollars.
In a statement released on March 19, 2025, the refinery clarified that its sales in Naira have exceeded the value of Naira-denominated crude oil received so far. As a result, the company has decided to adjust its sales currency temporarily to avoid a financial mismatch.
The management also addressed online reports alleging that the refinery had halted loading due to an incident of ticketing fraud, dismissing such claims as malicious falsehoods. The statement reassured the public that the company’s systems remain robust and secure, with no fraud-related disruptions.
Dangote Refinery reiterated its commitment to serving the Nigerian market efficiently and sustainably. The company assured customers that it would resume sales in Naira once it receives an allocation of Naira-denominated crude cargoes from NNPC.
The refinery’s management appreciated customers’ understanding and cooperation during this period and reaffirmed its dedication to ensuring a steady supply of petroleum products.
