Key points:
- Dangote Refinery pauses naira petrol sales for a short time. Dollar sales run now to match crude buys.
- Current naira sales surpass naira crude got from NNPC. New cargoes will arrive soon, so naira sales restart.
- Refinery rejects ticketing fraud talk as false. It says systems stay robust with strict checks.
Dangote Refinery has paused petrol sales in naira today. It now sells in dollars to match crude buys. The firm says the step will be short and clear. It will switch back once naira crude arrives.
A note went to buyers on Friday with details. Sales in naira already pass crude paid in naira. That gap can hurt cash flow and supply plans. Dollar sales help keep books clean for now.
Why the naira pause matters
The plant buys crude with dollar terms from suppliers. Naira sales with dollar buys strain cash. Switching to dollars stops that mismatch at once. The firm calls it a planned, short step.
NNPC can supply crude priced in naira soon. After new supply, naira sales restart fast. The firm says it wants smooth trade for all. “We will resume naira sales once naira crude arrives,” it says. Earlier this month, we covered a price change. Please read our petrol price cut update for more context.
Naira buyers may need to hold on for now. Teams will share clear guidance on payment and billing. Current orders will now bill and settle in dollars. Meanwhile, talks stay open with NNPC on supply.
Firm rejects fraud rumours
Online posts claim ticketing fraud hit the plant. The firm says those posts tell a false story. It calls the tales “malicious falsehood” in strong words. It also says its systems stay robust and secure.
Leaders add that staff track and check flows daily. They say no fraud has hit their books. The company still vows to serve the home market. It promises fair prices and smooth drops to buyers. Labour news around the plant also made waves this week. Read our mass sack claim story for full details.
The refinery ends with a calm pledge to users. It says service will stay steady during this change. It also thanks buyers for trust and patience. Clear updates will follow as plans move on
