More
    HomeNewsDangote Issues Suspension Notice On Sales Of Petroleum Products In Naira

    Dangote Issues Suspension Notice On Sales Of Petroleum Products In Naira

    Published on

     

    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.

    Thank you.

    Management

    19th March, 2025

    Latest articles

    ‘Y’all can’t stand how hard I step’– Cardi B claps back

      BY ODIGIE OKPATAKU Cardi B is fed up with internet trolls. After a viral tweet...

    Lawmaker commissions 12 Classroom blocks in Onitsha

      Delight Chinedum House of Representatives Member for the Onitsha North & South Constituency, Hon Engr...

    Tinubu’s visit: Soludo’s projects’ commissioning, ribbon-cutting distractions – Ozigbo

      Delight Chinedum As President Bola Ahmed Tinubu touched down in Anambra State on Thursday to...

    KWSG Okays Resumption Of Students At KWASU’s Ilesha-Baruba Campus

      ..... Ensures Students' Safety By Olufemi Oni, Ilorin Kwara State Government has stated that necessary measures, including...

    More like this

    ‘Y’all can’t stand how hard I step’– Cardi B claps back

      BY ODIGIE OKPATAKU Cardi B is fed up with internet trolls. After a viral tweet...

    Lawmaker commissions 12 Classroom blocks in Onitsha

      Delight Chinedum House of Representatives Member for the Onitsha North & South Constituency, Hon Engr...

    Tinubu’s visit: Soludo’s projects’ commissioning, ribbon-cutting distractions – Ozigbo

      Delight Chinedum As President Bola Ahmed Tinubu touched down in Anambra State on Thursday to...