Dangote Refinery Halts Naira Sales, Fuel Prices May Rise
By Ayomide Otitoju Nigerians may face higher fuel prices as the Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in naira, citing the need to align its revenue with crude oil purchase obligations, which are denominated in U.S. dollars. “This decision is necessary to avoid a mismatch between our sales proceeds and…