The refinery announced that local currency sales would restart immediately, following the intervention of the chairman of the Naira for Crude Technical Committee.
General view of the newly-commissioned Dangote petroleum refinery in Ibeju-Lekki, Lagos, Nigeria, May 22, 2023. REUTERS/Temilade Adelaja/File Photo.The move reverses an earlier decision to pause naira-denominated sales, which had sparked concerns over fuel availability and pricing in Nigeria — Africa’s largest economy.
Despite commencing domestic petrol supply earlier this year, the Dangote refinery — the largest in Africa — has grappled with difficulties in securing adequate crude oil feedstock, a reflection of broader production challenges within Nigeria’s oil sector.