Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in naira due to a currency mismatch between its revenue and crude oil purchase obligations, which are denominated in US dollars.

The refinery explained that its sales of petroleum products in naira have exceeded the value of naira-denominated crude oil it has received.

To address this issue, the company will adjust its sales currency to align with its crude procurement currency.

Dangote Refinery assured its customers that it will promptly resume sales in naira once it receives an allocation of naira-denominated crude cargoes from the Nigerian National Petroleum Company Limited (NNPC).