Dangote Refinery dumps Naira sales, Shifts to Dollar-denominated pricing for Fuel
In a major commercial shift, the Dangote Petroleum Refinery has suspended its naira-based transaction model and officially transitioned to a dollar-denominated pricing framework for all refined products. The new policy effectively ends the naira payments initially established under the Federal Government’s naira-for-crude agreement. Under the new structure, all previously issued naira-denominated Proforma Invoices and Deal…