• Latest
  • Trending
Petrol Price soars to N970 per litre at Dangote Refinery

Dangote Refinery suspends sales of Petrol in Naira

AAU ASUU Condemns SIT Over Alleged Activities, Set For Legal Action

ASUU Issues Ultimatum, Threatens Nationwide Strike

Drama as EFCC Boss Orders Arrest of Ex-Staff after Appearing on Matchmaking Show

Drama as EFCC Boss Orders Arrest of Ex-Staff after Appearing on Matchmaking Show

JAMB Takes Over Collection Of Registration Fee From CBT Centres To End Extortion

How to Re—Upload WAEC Results on JAMB Portal

11, 629 Teachers Sit for professional examination

JAMB Orders Re-Upload of WAEC Results

FG Shuts 22 Illegal Territory Institutions

FG Shuts 22 Illegal Territory Institutions

‘Harder, Faster’: How Sex Pills & Aphrodisiacs Are Damaging Bodies

‘Harder, Faster’: How Sex Pills & Aphrodisiacs Are Damaging Bodies

50-Year-Old Widow Fakes Pregnancy to Smuggle Cocaine

50-Year-Old Widow Fakes Pregnancy to Smuggle Cocaine

Monday, August 25, 2025
  • Login
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
iDeemlawful
No Result
View All Result
iDeemlawful
No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • LifeStyle
  • Advertise with Us
  • Opinion
  • Campus
Home Business News

Dangote Refinery suspends sales of Petrol in Naira

by iDeemlawful
March 19, 2025
in Business News
A A
0
Petrol Price soars to N970 per litre at Dangote Refinery

Dangote Petroleum Refinery has announced suspension of sale of petroleum products in naira.

According to Daily Trust, this was announced in a notice sent to petroleum marketers, on Wednesday afternoon.

The company said the decision is temporary, explaining why it took the decision.

“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.”

SeeThese

Why NNPC Refineries May Never Work Again – Dangote

Fuel Marketers Engage Suppliers To Crash Petrol Price To N700/Litre

Tinubu’s Petrol Subsidy Removal Generates $84b, 40 roads – Reports

“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 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.”

Recall that the federal government kicked off the Naira-for-crude deal sale with Dangote Refinery in October 2024.

With the deal, Dangote Refinery sold to Nigerian marketers in naira because it buys crude in the local currency through NNPCL.

In the past few months, the price of premium motor spirit fell to at least N860 per litre as a price war between Dangote Refinery and NNPCL kicked off.

Tags: Dangote refineriesPetrol
Share203Tweet127SendShare
Previous Post

STATE OF EMERGENCY DECLARATION IN RIVERS STATE: MATTERS ARISING

Next Post

AGF Speaks on Why Tinubu declared state of emergency in Rivers [Full Text]

iDeemlawful

iDeemlawful

Next Read

NAFDAC raises concerns as Fake Cowbell Milk Floods Markets
Business News

NAFDAC raises concerns as Fake Cowbell Milk Floods Markets

...

Read more
EFCC detains NAHCON Top Official Over Alleged ₦50bn 2025 Hajj Fraud
Business News

EFCC detains NAHCON Top Official Over Alleged ₦50bn 2025 Hajj Fraud

...

Read more
NCAA orders Phones Off During Flights
Business News

NCAA orders Phones Off During Flights

...

Read more
Nigerian Government Hits Back as US Tighten Visa Rule
Business News

Nigerian Government Hits Back as US Tighten Visa Rule

...

Read more
9mobile Changes Name, Logo
Business News

9mobile Changes Name, Logo

...

Read more
CAC sets Deadline to delist 100,000 Dormant Companies
Business News

CAC sets Deadline to delist 100,000 Dormant Companies

...

Read more
Business News

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

...

Read more
31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST
Business News

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

...

Read more
Next Post
AGF Speaks on Why Tinubu declared state of emergency in Rivers [Full Text]

AGF Speaks on Why Tinubu declared state of emergency in Rivers [Full Text]

“I made interventions for peaceful resolution of Rivers crisis but I was ignored” – Tinubu

"I made interventions for peaceful resolution of Rivers crisis but I was ignored" - Tinubu

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Eid Adha: The presidency felicitates with the Lssites

CORRUPTION IN NIGERIA by TheFace Adegbola

Buhari Okays Establishment Of National Blood Service Commission, replaces NBTS

Most Popular

AAU ASUU Condemns SIT Over Alleged Activities, Set For Legal Action
Breaking News

ASUU Issues Ultimatum, Threatens Nationwide Strike

Drama as EFCC Boss Orders Arrest of Ex-Staff after Appearing on Matchmaking Show
Breaking News

Drama as EFCC Boss Orders Arrest of Ex-Staff after Appearing on Matchmaking Show

JAMB Takes Over Collection Of Registration Fee From CBT Centres To End Extortion
Campus News

How to Re—Upload WAEC Results on JAMB Portal

iDeemlawful

Copyright © 2019 iDeemlawful.

Useful Links

  • About Us
  • Advertise with Us
  • Editorial Policy

Follow Us

Copyright © 2019 iDeemlawful.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In