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Fuel Crisis Looms As Dangote Refinery Writes-off Nigerian Market

Fuel Crisis Looms As Dangote Refinery Writesoff Nigerian Market
Fuel Crisis Looms As Dangote Refinery Writes-off Nigerian Market
Dangote Refinery is set to suspend the supply of petroleum products to the Nigerian market following stalled negotiations over the naira-for-crude agreement

However, sources familiar with the matter informed TheCable that the refinery will endure loading products for export, as it currently procures all its crude oil in dollars from the international market.



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Previously, the refinery sold fuel to Nigerian marketers in naira, leveraging a crude supply deal with the Nigerian National Petroleum Company (NNPC) Ltd., which allowed it to purchase crude in local currency.

With the homology now concluded and no new terms in place, the refinery’s supply to the domestic market will be put on hold.

More updates to follow…
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Category: World-News
Tag: Fuel Crisis Looms As Dangote Refinery Writesoff Nigerian Market
Written by Author
Published 3/19/2025

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