Dangote Refinery Halts Petrol Sale in Naira, Cites Mismatch with Dollar-denominated Crude Purchase Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
Dangote Refinery has suspended the sale of its petroleum products in naira, explaining that the decision was necessary to avoid a mismatch
between its sales proceeds and crude oil purchase obligations, which are currently denominated in United States dollars. The refinery announced the suspension in a circular sent to its customers yesterday, which was
obtained by THISDAY. To date, Dangote Refinery said its sales of petroleum products in Naira had exceeded the value of Naira-denominated crude it had received, compelling it to temporarily adjust its sales currency to align
with its crude procurement currency. The Aliko Dangote-owned company said it remained committed to serving the Nigerian market efficiently and sustainably, adding that as soon as it receives an allocation of Naira-denominated
crude cargoes from the Nigerian National Petroleum Company Limited (NNPC), it would promptly resume petroleum product sales in Naira. Dangote Refinery equally debunked reports circulating on
the internet, claiming that it was stopping product loading due to an incident of ticketing fraud, describing the reports as malicious falsehoods. The statement read, “Dear valued Continued on page 9
Many Die in CNG-laden Truck Explosion in Abuja... Page 6 Thursday 20 March, 2025 Vol 30. No 10938. Price: N400
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Court Sets Aside Order Voiding Akpoti-Uduaghan's Suspension... Page 8
Presidency: Rivers Gov, Fubara, Teleguided Militants to Blow Up Pipelines in the State Consideration for emergency rule suffers setback as N/Assembly fails to meet 2/3 requirement, to reconvene today
Deji Elumoye, Sunday Aborisade and Linus Aleke in Abuja
The Presidency, yesterday, to justify its action and the need to secure the National Assembly approval,
accused Governor Siminalayi Fubara of allegedly teleguiding, or failed to stop or condemn militants, who blew
up pipelines in the state. Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi
(SAN), who made the allegation however warned other states not to dare the federal government.
Also, yesterday, the Senate and Continued on page 9
Despite Outrage, FG Says Fubara Saved from Impeachment, Ibas Sworn In Amaechi, Falana, Obi, others decry action Say Tinubu doesn’t have such powers PDP govs, party insist order won’t stand NLC, TUC demand immediate reversal of declaration, situation room declares it’s unconstitutional NNPC denies explosion at Port Harcourt refinery Deji Elumoye, Chuks Okocha, Michael Olugbode, Onyebuchi Ezigbo in Abuja, Yinka Kolawole in Osogbo, Wale Igbintade, Peter Uzoho in Lagos, David-Chyddy Eleke in Awka and Blessing Ibunge in Port Harcourt
President Bola Tinubu’s declaration of a State of Emergency in Rivers State and the suspension of Governor Siminalayi Fubara and his deputy, Ngozi Odu, have continued to attract opprobrium from many Nigerians, all of whom Continued on page 9
SOLE ADMINISTRATOR OF RIVERS STATE SWORN IN...
President Bola Ahmed Tinubu (left) congratulating the newly appointed Sole Administrator of Rivers State, Vice Admiral Ibok Ekwe Ibas (Rtd), after his swearing-in ceremony at the Presidential Villa, Abuja, yesterday