*The Dangote Petroleum Refinery announces the company has 鈥榯emporarily halted the sale of petroleum products in Naira鈥�, to adjust its sales currency to align with the refinery鈥檚 crude procurement currency

Isola Moses | 绿帽献妻

The Dangote Petroleum Refinery, in Lagos, has announced the company 鈥渢emporarily halted the sale of petroleum products in Naira.鈥�

The Management of Dangote Petroleum Refinery in a message to energy consumers Wednesday, March 19, 2025, said the decision 鈥渋s necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in US Dollars.鈥�

The company noted: 鈥淭o date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received. A

鈥淎s a result, we must temporarily adjust our sales currency to align with our crude procurement currency.鈥�

Dangote Refinery further stated that its attention had been drawn to certain online reports claiming that the oil-refining firm is stopping loading due to an incident of ticketing fraud.

Responding to the claim, Dangote stated: 鈥淭his is a malicious falsehood. Our systems are robust and we have had no fraud issues.

鈥淲e remain committed to serving the Nigerian market efficiently and sustainably.鈥�

The statement noted: 鈥淎s soon as we receive an allocation of Naira-denominated crude cargoes from NNPCL, we will promptly resume petroleum product sales in Naira.

鈥淲e appreciate your understanding and cooperation during this period.鈥�