In what could become a major turning point for Nigeria’s fuel market, the Dangote Refinery has announced that it will suspend the sale of petrol in Naira starting tomorrow, September 28, 2025.
According to the refinery, the decision comes after it exhausted all crude oil allocations priced in Naira, leaving it with no option but to peg future transactions in foreign currency. This means that from tomorrow, petrol sales will no longer be carried out in Nigeria’s local currency, a move that is already raising heated debates nationwide.
The Dangote Refinery, Africa’s largest, has been seen as Nigeria’s hope for stabilizing fuel supply and cutting down reliance on imports. However, this latest development is likely to spark ripple effects across the economy, especially as ordinary Nigerians already grapple with rising pump prices, inflation, and the weakening Naira.
Analysts warn that if petrol sales are strictly dollar-denominated, marketers will struggle to access enough foreign exchange, which could lead to higher fuel prices at filling stations. On the other hand, supporters of the move argue that it may force Nigeria to face the realities of its oil sector and strengthen calls for economic reforms.
For now, one thing is clear: from September 28, Nigerians will be buying petrol under a new reality.
Do you think this move by Dangote is justified, or will it only worsen the suffering of the common man? Let’s hear your thoughts in the comments!
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