Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in the local currency, citing the need to align its sales currency with its crude oil purchase obligations, which are denominated in US dollars.

In a statement issued on March 19, 2025, Dangote Petroleum Refinery explained that its Naira-based sales have surpassed the value of Naira-denominated crude oil received to date. To prevent a financial imbalance, the company has opted to temporarily adjust its sales currency.

The management also debunked online rumors claiming that the refinery had suspended loading due to a ticketing fraud incident, labeling such allegations as “malicious falsehoods.” The statement reaffirmed that the company’s systems remain secure and robust, with no disruptions resulting from fraudulent activities.

Dangote Refinery reaffirmed its dedication to efficiently and sustainably serving the Nigerian market. The company assured its customers that Naira-based sales would resume once it receives an allocation of Naira-denominated crude oil cargoes from the Nigerian National Petroleum Corporation (NNPC)

The management of Dangote Refinery expressed gratitude for customers’ understanding and cooperation during this temporary adjustment. They reaffirmed their commitment to maintaining a consistent supply of petroleum products.