The Dangote Petroleum Refinery has reinstated the sale of petrol in Naira, less than 24 hours after announcing it would suspend local currency transactions.
The sudden reversal followed the intervention of Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS) and head of the Naira-for-Crude Transaction Committee, who waded in to salvage the controversial scheme.
The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL), had introduced the Naira-for-Crude programme to guarantee local refineries access to crude oil.
But the initiative has faced recurring shortfalls in crude allocation, prompting Dangote Refinery to announce on Friday that it would end sales in Naira from Sunday, September 28, 2025.In a follow-up notice issued on Saturday, however, the refinery confirmed that sales in Naira had resumed.
“Following the intervention of the Naira-for-Crude Transaction Committee Chairman, we are pleased to inform you of the resumption of PMS sales in Naira commencing immediately,” the statement read.
Customers were advised to resume placing Naira-based orders for both self-collection and free delivery of petrol to designated depots nationwide.
The abrupt policy swings have raised fresh concerns about the sustainability of the Naira-for-Crude scheme and the stability of Nigeria’s downstream oil market.