Connect with us

Business

Dangote Refinery Sues FG, NNPC Over Fresh Petrol Import Licences

Dangote Petroleum Refinery has filed a fresh lawsuit against the Federal Government, challenging fuel import licences issued…

Published

on

DangoteRefinery2
VN62

Dangote Petroleum Refinery has filed a fresh lawsuit against Nigeria’s Attorney General in a move aimed at overturning petrol import licences issued to the Nigerian National Petroleum Company Limited and several fuel marketers.

The legal action follows recent approvals granted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to six marketers for the importation of petrol into the country.

According to court documents, the refinery is seeking an order from the Federal High Court in Lagos to nullify the import permits issued or renewed by the NMDPRA.

Dangote Refinery argued that the licences violate an earlier court order directing parties to maintain the status quo.

The refinery also maintained that fuel imports should only be allowed when local supply falls short, insisting that its current production capacity can adequately meet domestic demand.

Advertisement

The NMDPRA had recently approved licences for the importation of 720,000 metric tonnes of Premium Motor Spirit (PMS), commonly known as petrol.

The approved marketers include NIPCO, AA Rano, Matrix, Shafa, Pinnacle, and Bono.

Breakdown of the allocations showed that NIPCO is expected to import 120,000 metric tonnes, AA Rano 150,000MT, Matrix 150,000MT, Shafa 120,000MT, Pinnacle 120,000MT, and Bono 60,000MT.

The development comes despite claims by the NMDPRA that Dangote Refinery currently supplies over 90 per cent of Nigeria’s daily petrol consumption.

Advertisement

Industry regulators and marketers have repeatedly defended fuel importation, arguing that imports remain necessary to ensure stable supply and prevent shortages across the country.

It would be recalled that Dangote Refinery had previously withdrawn a similar lawsuit against the NNPC and other marketers in 2025 following the intervention of the Federal Government.

President of the Dangote Group, Aliko Dangote, has consistently argued against continued petrol importation, insisting that there is no reason to import fuel while his refinery has sufficient production and storage capacity.

Speaking during a recent interview with Norwegian Sovereign Wealth Fund CEO, Nicolai Tangen, Dangote disclosed that the refinery is currently processing about 661,000 barrels of crude oil per day.

Advertisement

“The refinery has been tested. We have now processed even crude at 661,000 barrels a day. So we have demonstrated that capability,” he said.

Dangote also revealed that the refinery sources about 56 per cent of its crude oil from Nigeria, while additional supplies come from Angola, Libya, and the United States.

DON’T MISS: BREAKING: TCN Adds 600MW to National Grid, Boosts Power Supply Nationwide

He further stated that the company plans to expand production capacity to about 1.4 million barrels per day within the next 30 months.

Advertisement

During the interview, Dangote accused certain powerful interests of attempting to sabotage the refinery because of the financial benefits tied to fuel importation and subsidy arrangements.

“The Mafia are the people who are actually benefiting because Nigeria were giving out almost $10bn every year as a subsidy,” he said.

“There are shippers who are making tonnes of money. There are traders who are making a lot of money buying crude and sending us refined products,” he added.

WhatsApp

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

EFCC arraigns Blessing CEO over N36m fraud in Lagos EFCC arraigns Blessing CEO over N36m fraud in Lagos
Entertainment1 hour ago

EFCC Arraigns Blessing CEO Over Alleged N36m Fraud

The Economic and Financial Crimes Commission has arraigned social media influencer and relationship therapist Blessing CEO over alleged fraud involving...

Gunmen Attack 640x381 1 Gunmen Attack 640x381 1
News1 hour ago

Terror in Oyo as Gunmen Invade Oyo Schools, Abduct Pupils, Teachers, Kill Headmaster

The Oyo State Police Command has launched a rescue operation after armed hoodlums attacked schools and surrounding communities in Oriire...

DangoteRefinery2 DangoteRefinery2
Business1 hour ago

Dangote Refinery Sues FG, NNPC Over Fresh Petrol Import Licences

Dangote Petroleum Refinery has filed a fresh lawsuit against the Federal Government, challenging fuel import licences issued...

Transmission Company of Nigeria TCN Transmission Company of Nigeria TCN
News20 hours ago

BREAKING: TCN Adds 600MW to National Grid, Boosts Power Supply Nationwide

The Transmission Company of Nigeria has announced the addition of 600 megawatts to the national grid...

World Bank World Bank
News1 day ago

BREAKING: World Bank Restricts Instagram Comments as Nigerians Protest Tinubu’s Fresh $1.25b Loan

The World Bank has reportedly restricted comments on its Instagram page following backlash from Nigerians over plans by President Bola...

jollof jollof
Entertainment2 days ago

Court Orders VeryDarkMan to Pay Mr Jollof’s Wife ₦30m Over Defamation

A Federal High Court in Effurun, Delta State, has ordered social media personality VeryDarkMan to pay ₦30 million in damages...

leaked leaked
Entertainment2 days ago

‘Let us Do One More, I Am For Real’: Leaked Voice Note of Frank Edoho’s Wife Begging Singer Chike for Intimacy Trends (Listen)

A leaked phone conversation allegedly involving Sandra, the estranged wife of media personality Frank Edoho, and singer Chike has surfaced...

xm xm
News2 days ago

Nigerians Lose Millions as Another Online Investment Platform, ‘XM Future Music,’ Crashes Overnight

Many Nigerians have reportedly lost money after online investment platform “XM Future Music Group” allegedly crashed...

peter obbbbi peter obbbbi
Politics2 days ago

‘Gun to My Head, I Won’t Stay Beyond Four Years — Peter Obi

Former Labour Party presidential candidate Peter Obi has said he would serve only one term of four years if elected...

Oyo State Governor Seyi Makinde Oyo State Governor Seyi Makinde
Politics2 days ago

BREAKING: Seyi Makinde Officially Declares for 2027 Presidential Race

Oyo State Governor, Seyi Makinde, has officially declared his intention to contest the 2027 presidential election under the platform of...

Advertisement