Dangote Refinery has resumed selling petrol in naira, barely 24 hours after suspending the scheme, following intervention by the Nigerian government.
In an email to clients on Saturday, the refinery confirmed that the decision came after talks with the Naira-for-Crude Technical Committee.
“Following the intervention of the Naira for Crude Technical Committee chairman, we are pleased to inform you of the resumption of PMS sales in Naira commencing immediately,” the email stated.
“You may kindly proceed to place your orders in Naira for both self-collection and free delivery of PMS to the earlier advised locations across the country.”
The refinery had suspended the initiative on Friday, blaming the halt on the depletion of its crude-for-naira allocation.
Nigeria introduced the crude-for-naira scheme on October 1, 2024, to strengthen local refinery supply, cut petroleum imports, and reduce pump prices. But the arrangement has faced setbacks.
In March 2025, the Nigerian National Petroleum Company (NNPC) Limited said it had halted the deal until 2030 after forward-selling all its crude. Days later, Dangote Refinery also suspended naira sales.
The federal government later clarified in April that the programme would continue beyond the first phase, which ended March 31, while Finance Minister Wale Edun assured in May that updates would follow.
The latest resumption is expected to calm concerns among marketers and consumers, who had feared renewed pressure on pump prices and the foreign exchange market.
