The Dangote Refinery has temporarily stopped selling petrol in Naira, a move that has sparked nationwide conversations. Reports suggest the decision was influenced by rising exchange rate pressures and the need to stabilize operations in line with international market realities.
This suspension means fuel buyers will now have to transact in foreign currency, a change that could affect both marketers and end users. Industry experts warn that the shift may put more pressure on fuel prices in Nigeria, especially with the current economic challenges.
Reactions have poured in across the country, with many Nigerians worried about how this development might increase the cost of living. Others believe the refinery is only trying to adjust to the financial realities of running such a massive operation.