Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Constitution Review: We ‘ll Meet Needs of Nigerians – Deputy Speaker, Kalu Assures

    October 10, 2025

    Truth Beyond Sentiment: Tinubu’s Fiscal Revolution, Ben Kalu’s Courage and the Mirage of Otti’s Performance

    October 10, 2025

    Deputy Speaker, Kalu Commends President Tinubu for Establishment of Police Detective College in Abia

    October 10, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Drum Africa News
    Subscribe
    • Home
    • Uncategorized

      Anger, Hunger and Frustration Plague Abia LGAs Due to Insufficient Funding — Hon. Victor Ngwakwe Cries Out

      October 10, 2025

      Benjamin Kalu as Headache to the Greedy: ‘Yesterday Men’ and the Search for Continued Relevance

      June 13, 2025

      President Tinubu in UAE for Abu Dhabi Sustainability Week

      January 12, 2025

      Tax reform bill, product of 14-month work, Presidency replies critics

      December 2, 2024

      Security Agencies in Abia State Brace for IPOB’s Two-Day Sit-at-Home

      October 21, 2024
    • Politics
    • Technology
      1. Tech News
      2. Gaming
      3. Gadgets
      4. View All

      Peter Obi Urges FG To Resolve Power Crisis Challenges

      November 6, 2024

      FULL LIST: Nigeria Ranks Fifth Globally In Daily Social Media Usage

      November 4, 2024

      Fire: Deputy Speaker Sympathizes with Owners of Radio Stations in Abia

      November 4, 2024

      TCN Promises Backup System To Avert Frequent Grid Collapses

      October 21, 2024

      HTC Launches a Vive VR Headset Into Space for Astronaut Mental Health

      March 10, 2022

      Hologate Announces New Plans for First Large Format World VR Arcade

      January 16, 2021
      8.5

      Pico 4 Review: Should You Actually Buy One Instead Of Quest 2?

      January 15, 2021

      DualSense Edge Wireless Controller for PS5 Launches Globally

      January 14, 2021

      The Best Early Black Friday Deals on Gadgets, Laptops and Accessories

      March 10, 2022
      8.3

      DJI Avata Review: Immersive FPV Flying For Drone Enthusiasts

      January 15, 2021
      8.9

      Bose QuietComfort Earbuds II: Noise-Cancellation Kings Reviewed

      January 15, 2021

      Thousands Of PC Games Discounted In New Black Friday Sale

      January 15, 2021

      FULL LIST: Nigeria Ranks Fifth Globally In Daily Social Media Usage

      November 4, 2024

      Here’s What Apple Really Means When It Says “Shot On iPhone”

      November 19, 2022

      Samsung is Developing Bright MicroLED on Displays for AR Headsets

      March 10, 2022

      The Best Wireless Earbuds for the Samsung Galaxy S25 & Other Models in 2024

      January 16, 2021
    • Editor’s Picks
    Drum Africa News
    Home»News»Fuel Crisis Looms as Dangote Refinery Suspends Naira Transactions
    News

    Fuel Crisis Looms as Dangote Refinery Suspends Naira Transactions

    Drum Africa CorrespondentBy Drum Africa CorrespondentSeptember 27, 20250122 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link

    The Dangote Petroleum Refinery has again suspended the sale of petrol in naira, a move that has unsettled fuel marketers and heightened concerns of another spike in pump prices.

    In an email sent to customers on Friday evening, the refinery announced that the suspension would take effect from Sunday, September 28, 2025, blaming it on the depletion of its crude-for-naira allocation.

    The statement, titled “Suspension of DPRP PMS Naira Sales – Effective 28th September 2025”, advised customers with pending naira transactions to request refunds.

    “We have been selling petroleum products in excess of our Naira-Crude allocations and, consequently, we are unable to sustain PMS sales in Naira going forward,” the company explained.

    Fuel marketers fear that the suspension could pile fresh pressure on pump prices and the already volatile foreign exchange market. Nigerians are still grappling with high living costs following subsidy removal, with petrol prices swinging between ₦850 and ₦1,000 per litre in recent months.

    This is not the first time the refinery has pulled back on naira transactions. In March 2025, a similar suspension led to fears of dollarisation in the fuel market, and petrol briefly sold for nearly ₦1,000 per litre nationwide.

    Industry experts warn that unless a sustainable crude-for-naira allocation system is put in place, more disruptions in petrol sales could worsen inflation and fuel scarcity.

    Dangote Refinery FOREX PRESSURE FUEL MARKETERS NAIRA TRANSACTIONS PETROL PRICE NIGERIA
    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link
    Drum Africa Correspondent

    Related Posts

    Constitution Review: We ‘ll Meet Needs of Nigerians – Deputy Speaker, Kalu Assures

    October 10, 2025

    Truth Beyond Sentiment: Tinubu’s Fiscal Revolution, Ben Kalu’s Courage and the Mirage of Otti’s Performance

    October 10, 2025

    Deputy Speaker, Kalu Commends President Tinubu for Establishment of Police Detective College in Abia

    October 10, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    Rep. Benjamin Kalu congratulates new NECO Registrar Prof. Godswill Obioma

    May 26, 20204,494 Views

    BREAKING NEWS: Chima Anyaso faces possible jail time, charged with N2.1 billion forgery and fraud

    January 16, 20194,328 Views

    Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

    January 14, 20193,889 Views
    Latest Reviews
    8.5

    Pico 4 Review: Should You Actually Buy One Instead Of Quest 2?

    Drum Africa NewsJanuary 15, 2021
    8.1

    A Review of the Venus Optics Argus 18mm f/0.95 MFT APO Lens

    Drum Africa NewsJanuary 15, 2021
    8.3

    DJI Avata Review: Immersive FPV Flying For Drone Enthusiasts

    Drum Africa NewsJanuary 15, 2021
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Demo
    Most Popular

    Rep. Benjamin Kalu congratulates new NECO Registrar Prof. Godswill Obioma

    May 26, 20204,494 Views

    BREAKING NEWS: Chima Anyaso faces possible jail time, charged with N2.1 billion forgery and fraud

    January 16, 20194,328 Views

    Developing Scandal: Chima Anyaso in court, alleged to have forged OUK’s signature to divert N7bn

    January 14, 20193,889 Views
    Our Picks

    Constitution Review: We ‘ll Meet Needs of Nigerians – Deputy Speaker, Kalu Assures

    October 10, 2025

    Truth Beyond Sentiment: Tinubu’s Fiscal Revolution, Ben Kalu’s Courage and the Mirage of Otti’s Performance

    October 10, 2025

    Deputy Speaker, Kalu Commends President Tinubu for Establishment of Police Detective College in Abia

    October 10, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Technology
    • Gaming
    • Phones
    • Buy Now
    © 2025 Drum Africa News.

    Type above and press Enter to search. Press Esc to cancel.