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.

RECOMMENDED FOR YOU  Hackers Hack Phones of Dangote and Otedola, Demand Ransom

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It would be recalled that Dangote Refinery had previously withdrawn a similar lawsuit against the NNPC and other marketers in 2025 following the intervention of the Federal Government.

RECOMMENDED FOR YOU  Naira Bounces Back, Exchanges N973 Per Dollar At Forex Market

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.

RECOMMENDED FOR YOU  BREAKING: NNPC Reduces Petrol Price, See New Prices

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
Advertisement

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

16 year old chartered accountant Osasere Okundaye 16 year old chartered accountant Osasere Okundaye
Education10 minutes ago

Meet 16-Year-Old Osasere Okundaye, Nigeria’s Youngest Chartered Accountant

Sixteen-year-old Osasere Okundaye has made history as Nigeria's youngest chartered accountant.

NYSC members in Lagos camp NYSC members in Lagos camp
Education11 minutes ago

8 Major NYSC Reforms Every Nigerian Graduate Should Know

The Federal Government has unveiled the biggest NYSC reform since 1973, introducing eight major changes, including a new uniform, civilian...

Marcus Rashford 4 Marcus Rashford 4
Sports53 minutes ago

Manchester United Open Door for Rashford Return as Forward Agrees to Start Pre-Season Under Carrick

Marcus Rashford could return to Manchester United after Fabrizio Romano revealed the club has held "amicable talks" with the England...

tems madueke tems madueke
Entertainment1 hour ago

Singer Tems Speaks on Relationship with Super Eagles Goalkeeper Maduka Okoye (Video)

Singer Tems has responded to dating rumours involving Super Eagles goalkeeper Maduka Okoye after being asked about the football star...

Peter Obi Nigeria Facing A Systematic Assault On Democracy Peter Obi Nigeria Facing A Systematic Assault On Democracy
Politics2 hours ago

BREAKING: NDC Uploads Peter Obi, Dickson’s Names After INEC Restores Access to Candidate Nomination Portal

The Nigeria Democratic Congress (NDC) says it has uploaded the names of Peter Obi and Seriake Dickson to INEC's candidate...

GridArt 20260626 055649630 GridArt 20260626 055649630
Entertainment2 hours ago

Babcock University Declares Carter Efe’s Alleged ‘First Class Upper’ Certificate Fake, Threatens Legal Action Over Fake Document

Babcock University has declared a purported "Honorary Certificate" linked to Carter Efe "false" and "unauthorized".

Nigeria's First Lady, Remi Tinubu Advocates Capital Punishment for Kidnappers Nigeria's First Lady, Remi Tinubu Advocates Capital Punishment for Kidnappers
News2 hours ago

‘It’s Not Just Akara’ — Remi Tinubu Clarifies Remarks, Says FG Also Supports Tomato, Pepper Sellers, Boli Vendors

“It’s not only akara,” First Lady Remi Tinubu says as she clarifies her remarks, explaining that the Federal Government's empowerment...

france team france team
Sports2 hours ago

World Cup: France to Test Sweden with Mbappe, Dembele, Olise in Round of 32 Clash

France's deadly attacking trio of Kylian Mbappé, Ousmane Dembélé and Michael Olise headline Tuesday's World Cup Round of 32 action...

germany germany
Sports2 hours ago

Germany Set Unwanted 92-Year Record After Shock World Cup Exit to Paraguay

Germany crashed out of the 2026 FIFA World Cup after a dramatic penalty shootout defeat to Paraguay, setting an unwanted...

big joe big joe
News15 hours ago

‘He Was Shot Down in Front of His Shop’ – Nigerian Businessman ‘Big Joe’ Killed in South Africa as Xenophobia Fears Escalate

A Nigerian businessman popularly known as Big Joe has reportedly been shot dead outside his shop in South Africa.

Advertisement