Nigeria, Sept. 27 -- The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the Dangote Refinery suspension of petrol sales in Naira will lead to a significant increase in petrol prices in Nigeria.

The National President of IPMAN, Abubakar Shettima, who spoke to PREMIUM TIMES in an interview on Saturday morning, assured that the supply of petroleum products will not be affected, given the presence of a refinery in the country.

He, however, noted that if the refinery starts selling petrol in dollars, prices will increase.

"Actually, just the way you see it, we have seen it. Yes, it will definitely affect the price. If he is selling through dollar, there will be an increase in price," Mr Shettima said.

Speaking...