Just In: Dangote To Stop Fuel Supply To Nigerian Market As Naira-for-crude Deal Stalls

Dangote Refinery will stop loading petroleum products for Nigerian market as the renegotiation of the naira-for-crude deal is not recording significant progress.

However, sources said the refinery will continue to load for export as it currently sources all its crude stock from the international market in dollars.

The refinery sells to Nigerian marketers in naira because it buys crude in the local currency through the deal with the Nigerian National Petroleum Company (NNPC) Ltd.

The deal has now ended.