Dangote Petroleum Refinery and Petrochemicals has suspended the sale of petrol and other products to marketers in Naira.
The management of the company made the announcement in a statement issued on Wednesday, March 19, 2025, and made available to EnviroNews.
It said the development was as a result of the fact that it no longer receives crude from the Nigerian National Petroleum Corporation (NNPC) in Naira.
It said: “We wish to inform you that Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira.
“This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars.
“To date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received. As a result, we must temporarily adjust our sales currency to align with our crude procurement currency.
“Our attention has also been drawn to reports on the internet claiming that we are stopping loading due to an incident of ticketing fraud.
“This is a malicious falsehood. Our systems are robust, and we have had no fraud issues.
“We remain committed to serving the Nigerian market efficiently and sustainably. As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira.
“We appreciate your understanding and cooperation during this period.”