The Dangote Petroleum Refinery has reinstated the sale of petrol in the local Nigerian naira, reversing a brief suspension that had sparked concerns over fuel availability and pricing stability in Africa's largest economy.

Abuja

Nigeria's Dangote petroleum refinery, the largest in Africa, has resumed selling petrol in the local currency, the naira, after a brief suspension. The pause in sales had raised concerns about fuel availability and pricing nationwide. The decision to restart sales followed intervention by the chairman of the Naira for Crude Technical Committee, a special government body. The refinery, which began domestic supply earlier this year, has faced challenges in maintaining a steady crude oil feedstock due to broader issues in Nigeria's oil production sector. The resumption of sales is viewed as an important measure to help stabilize Nigeria's fuel market.

Nigeria: Dangote refinery resumes petrol sales in naira

In a significant development for Africa's largest economy, Nigeria's massive Dangote petroleum refinery has resumed sales of petrol in the local currency deniera. The move comes just days after a temporary suspension that has raised concerns over fuel availability and pricing across the nation. In a notice to the customers late Saturday, the refinery announced sales would restart immediately. This reversal follows the intervention of the chairman of the special government body, the Naira for Crude Technical Committee. The Dangote refinery, the largest on the continent, began supplying the domestic market earlier this year. However, it has faced operational challenges, primarily difficulties in securing a steady supply of crude oil feedstock, a symptom of Nigeria's broader oil production issues. This resumption is seen as a critical step towards stabilizing the country's fuel market.

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Washington

Ukraine Invasion

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Middle East Conflict

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Dallas

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Karur

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Toronto

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Breakdown