NewStats: 3,263,762 , 8,181,317 topics. Date: Saturday, 07 June 2025 at 07:20 PM 6a515b

TEMPORARY SUSPENSION OF SALES OF PETROLEUM PRODUCTS IN NAIRA

Dear Valued Customers,

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 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

That is a major blow for the Naira

Nlfpmod, is fuel going to go up again, let them pity us!

Omoh

Dollars rate to skyrocket again

Ok

Not sustainable...the more you look, the less you understand

9ja 9ja

🤣

Can we just dismantle this British experiment for the good of our kids and the generation unborn?

365 days of battling with one problem or the other.

I'm very sure God himself is tired of Nigeria's problems!

Sincerely Nigeria don tire me

When will #1 = $1 again?

When you bought in naira and sell some in naira and others to international market in dollardollar we didn't here any sulking

Clown motherfuckers...

Criminal bastards playing politics with everything in the country...

Can someone explain how Dangote isn't synonymous with monopoly. Nigerians always suffering and smiling, and hailing their slavemasters. Una never see anything. Me, I bolted away over 3 decades ago. The recent Babangida event was the perfect opportunity to icenerate those thieves.

Hmm. This country ehh. .

Too many demons trying to just milk off the masses by force. It's a shame.

Nigeria an expired country. The problems keep lingering on

treesun:
Nlfpmod, is fuel going to go up again, let them pity us!

Definitely, it's because of this rivers issue. Trans Amadi pipeline carries %20 of daily production which has been blown and that's more than the daily supply to local refineries. Federal government will continue exporting to service crude for loan exchange. Dangote will ramp up import of crude from other countries to continue production.
Tinubu messed up by not calling Wike to order and that uncalled for state of emergency

This Man.
I swear Nigeria is the most misgoverned country on Earth.
Everyday comes with it's challenge. If you're not courageous enough, you can't survive as a Nigerian living in Nigeria

I hope they suspend the sales of crude to him in naira too.

This is why I laughed at those who wanted importation banned because of dangote.

oluwaseyi0:
You want to buy crude in naira but don't want to sell pms in naira

Wetin dem write for that press release no too hard to read oooo.

Na you no just wan read.

This what I keep talking about
This guy only care what there number are on richest list

oluwaseyi0:
You want to buy crude in naira but don't want to sell pms in naira

Obviously you did not read the article

Importers of fuel are fighting Dangote because his fuel is cheaper and they are making loss.

The only way to hit Dangote is to stop the crude for naira deal with Dangote refinery so that his cost of production will go up, thereby increasing Dangote fuel price so that importers too will make money when they import fuel because price difference with Dangote refinery will not be much.

This is corrupt importers at NNPCL fighting back

Everything is coming out gradually.
Until NNPC step up their game and start true refining of petroleum products, dangote will keep dribbling them.

Dangote has no Care for anyone or the economy just like the government has no Care for the well-being of the masses. This government is the worst of it.

The government should as a matter of urgency suspend dangote refining and sales licenses while NNPC is given the government ahead to import petroleum products to mitigate any shortage in supply that could occur as a result of suspending dangote. It will be worth the sacrifice.

All dangote want is to spend the naira and keep the dollar. That can not benefit the economy. Importers and manufacturers doesn't charge Nigerians in dollars for their goods and services. Electronics and gadgets are not sold in dollars since dollar was expended to get them in. But dangote is issuing threats because government suspended the sale of it crude in naira temporarily so as to make use of it foreign exchange to stimulate the economy. How can such an individual the economy.

It is always in the favour of the masses to align with the government but this government is proving everyone wrong by their selfish attitudes.

The pressure is getting worser!

A long walk to freedom, that's the story of the Nigerian energy sector.

Na man kill man

Sad

Sure that is the only way to go, he's out for business if the wicked cabals refuse to sale for them in naira you don't expect them to sale in naira, they cabals we carry out this wickedness and turn back and blackmail Dangote for everything, this Man strong head if not he for don back out and pack his thing to another country.

Jangolova policy..

oluwaseyi0:
You want to buy crude in naira but don't want to sell pms in naira

Not exactly. Did you even read the OP? What they're claiming is that they've bought crude in dollars so selling PMS in naira is no longer sustainable, and that they'll promptly resume selling in naira as soon as NNPC supplies them crude in naira.