Dangote Refinery Denies Shutdown, Sells Fuel at N699

Africa's largest oil refinery has publicly denied rumors it has stopped operations. The Dangote Refinery in Nigeria says it is still producing and distributing fuel. The company also confirmed its official selling price remains 699 Nigerian Naira per litre at its gantry. This is the price at which fuel trucks load directly from the refinery. Data shows strong demand for its product. Last Sunday alone, fuel marketers evacuated more than 48 million litres from the facility. The statement aims to reassure the market and counter reports of a production halt. The refinery is critical to Nigeria's goal of ending its dependence on imported fuel.