Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse (397 Views)
| Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by danteweb(op): 4:16pm On Mar 19, 2025 |
Dangote Refinery has stopped supplying fuel to the Nigerian market after its naira-for-crude agreement with the Nigerian National Petroleum Company (NNPC) ended. This deal had allowed the refinery to buy crude oil in naira and sell fuel locally in the same currency. Now, without this arrangement, Dangote Refinery is purchasing crude in U.S. dollars and focusing on exporting its products.https://nigeriagateway.com/dangote-refinery-halts-fuel-supply-to-nigeria-amid-naira-for-crude-deal-collapse/ 1 Like 1 Share
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| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by VnAhunnaPl: 4:19pm On Mar 19, 2025 |
Make we manage the situation small. |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by Melonsmasher: 4:22pm On Mar 19, 2025 |
Ok |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by Inege: 4:28pm On Mar 19, 2025 |
Nigeria |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by Zionmdde: 4:29pm On Mar 19, 2025 |
Lol It's not even been up to 1month I specifically mentioned how dangerous it will be for dangote to achieve his goal of putting his competitors out of business. He wants to hold this country by its throat so that he can easily threaten the country with fuel scarcity if things don't go his way. It's people that don't know dangote or that choose to be blind because of politics that won't come to terms that dangote is a greedy selfish business man |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by danteweb(op): 4:31pm On Mar 19, 2025 |
Looks like the fuel queues might be coming back and above 1k prices. 1 Like 1 Share |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by SalamRushdie: 4:33pm On Mar 19, 2025 |
Just see how the govt is deliberately sabotaging Nigerians just because they want their friends to keep importing Petro 2 Likes 1 Share |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by SalamRushdie: 4:34pm On Mar 19, 2025 |
Zionmdde:If your IQ pass 62 I will be surprised 2 Likes 1 Share |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by Salewa97: 4:36pm On Mar 19, 2025 |
They will soon start crying for Dangote to come back and save them. 1 Like 1 Share |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by Zionmdde: 4:43pm On Mar 19, 2025 |
SalamRushdie:I have decided to change so as you can argue your case sensibly I will let it slide |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by yang(m): 4:50pm On Mar 19, 2025 |
x This statement from Dangote Petroleum is illegal For recall Naira is the only Legal Tender in Nigeria Dangote cannot price sales of products to Local retailers in USD, that is a brazen illegality. where is EFCC and zoo CBN? Sleeping on duty as usual For recall all export proceeeds must be sold on the CBN FX market window in order to obtain a certificate for next batch of export They cannot force Diaspora to import USD and sell to banks and allow Dangote to keep pricing local sales in USD while refusing to report FX proceeds This man used USD from other market participants to build his refinery and is now hoarding the same USD But Nigeria is a zoo where anything goes |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by chicfarmer: 4:51pm On Mar 19, 2025 |
Strange. You dont have to halt sales. Simply calculate your cost in dollars and convert to naira，then set your price，cikenan. So without naira for crude you no go sell your fuel？No cause unnecessary scarcity, abeg。 |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by olatade(m): 4:52pm On Mar 19, 2025 |
The FG has asked businesses to stop charging in dollars, yet they are selling petroleum in dollars instead of naira. Now, Dangote will have to source dollars to buy from the FG, increasing FX demand again. Aren't we back to square one? 1 Like |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by Gajagojo: 4:53pm On Mar 19, 2025 |
Tariffs |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by tundegan: 4:53pm On Mar 19, 2025 |
This is a big win for Dangote. NNPC should quickly find a way to make this work. |
| Re: Dangote Refinery Halts Fuel Supply To Nigeria Amid Naira-for-crude Deal Collapse by adecz: 4:54pm On Mar 19, 2025 |
 The oil cabal of Tinubu's government nor wan 'gree for Dangote... Is this how over 200 million Nigerians will be held in perpetual bondage by a handful of rapacious economic saboteurs, who then use their ill-gotten money to control the Democratic & security structures of this once great country.. With Buhari government, we enter one chance, now na 2 chance we can🤔🤔🤔 |
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