Business
Dangote Refinery temporarily suspends sale of petroleum products in Naira
The Dangote Petroleum Refinery has announced a temporary halt in the sale of petroleum products in Naira. The decision, according to the company’s management, is aimed at addressing a currency mismatch between its sales proceeds and crude oil procurement obligations, which are currently settled in US dollars.
In a statement released on 19th March 2025, Dangote Refinery explained that its sales of petroleum products in Naira had exceeded the available supply of Naira-denominated crude. To maintain operational balance, the company stated that it was necessary to align its sales currency with that used for crude oil purchases.
Addressing recent online claims regarding alleged ticketing fraud leading to a suspension of loading activities, Dangote Refinery dismissed these reports as false. The company assured the public that its systems remain robust and have not experienced any fraudulent issues.
Despite the temporary suspension, the refinery reaffirmed its commitment to serving the Nigerian market efficiently. It assured customers that once an allocation of Naira-denominated crude from the Nigerian National Petroleum Company (NNPC) is received, sales in Naira would promptly resume.
Odigie Ehidiamen Kelvin
Seven Inmates escape from Osun Correctional Facility, FG launches manhunt
Manny Pacquiao announces boxing comeback at 46
APC releases timetable, schedule for 2026 FCT Area Council Elections
Stray bullet kills WAEC candidate in Ibadan as Police chase turns fatal
Tinubu returns to Abuja After attending Pope Leo’s Inauguration in Rome
JAMB to release rescheduled 2025 UTME results on Wednesday
Tinubu didn’t create Nigeria’s economic challenges — Gov Umo Eno
Lagos Govt shuts four orphanages over child trafficking, illegal adoptions
FG takes over, set to sell 753-Unit Estate forfeited by Ex-CBN Governor Emefiele
Minister of State for Health urges doctors to take the lead in Nigeria’s healthcare system
Bayelsa’s ₦95bn modern stadium to be ready in 20 Months, says Igali
FG grants China approval to establish electric vehicle factories
Boko Haram invade Adamawa community, kill 17
Bandits abduct eight worshippers in Kebbi State
NSCDC trains over 50 officers in sign Language to promote inclusive security
Bildup launches ‘AI in Every Classroom’ initiative to revolutionise learning in Nigeria
PETROAN urges FG to set timelines for Refinery completion, calls for Tinubu’s intervention
Tragedy strikes again as multiple fatal accidents rock Karu Bridge in Abuja
NFF Chief Ibrahim Gusau becomes new WAFU Zone B President
NAFDAC clarifies sachet alcohol ban timeline
-
Sports1 day agoBayelsa’s ₦95bn modern stadium to be ready in 20 Months, says Igali
-
National News2 days agoFG grants China approval to establish electric vehicle factories
-
Metro2 days agoBoko Haram invade Adamawa community, kill 17
-
News1 day agoBandits abduct eight worshippers in Kebbi State
-
National News1 day agoNSCDC trains over 50 officers in sign Language to promote inclusive security
-
News1 day agoBildup launches ‘AI in Every Classroom’ initiative to revolutionise learning in Nigeria
-
News2 days agoPETROAN urges FG to set timelines for Refinery completion, calls for Tinubu’s intervention
-
News2 days agoTragedy strikes again as multiple fatal accidents rock Karu Bridge in Abuja