MARKET NEWS
Nigeria's Dangote refinery says it will suspend fuel sales in local currency - REUTERS
LAGOS, March 19 (Reuters) - Nigeria's huge Dangote Petroleum Refinery announced on Wednesday that it was temporarily suspending fuel sales in the local naira currency to avoid a mismatch between sales in naira and purchases of crude in dollars.
The decision by the 650,000-barrel-per-day Dangote refinery to sell its fuel in dollars could lead to a hike in petrol prices and a weakening of the naira as local fuel traders scramble for greenbacks.
