Home Business Dangote Refinery Seeks Court Ruling to Nullify Competitors’ Import Licenses in N100bn Lawsuit
Business

Dangote Refinery Seeks Court Ruling to Nullify Competitors’ Import Licenses in N100bn Lawsuit

Share
Dangote refinery
Share

Dangote Petroleum Refinery and Petrochemicals FZE has filed a lawsuit at the Federal High Court in Abuja, demanding the annulment of import licenses granted to several companies, including the Nigeria National Petroleum Corporation Limited (NNPCL) and Matrix Petroleum Services Limited.

The refinery claims these licenses undermine its ability to operate effectively, despite its capacity to produce refined petroleum products that meet local demand.

In the suit, numbered FHC/ABJ/CS/1324/2024, Dangote Refinery contends that the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has continued to authorize imports of products such as Automotive Gas Oil (AGO) and Jet Fuel, even though Dangote’s production exceeds Nigeria’s current daily consumption levels.

“The issuance of these import licenses is not only redundant but detrimental to fair competition in the industry.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: NNPCL Maintains Sole Off-Taker Status for Dangote Petrol, Says IPMAN

 

“We are producing sufficient quantities of AGO and Jet-A1, and it is in the interest of the Nigerian economy to support local production,” said a spokesperson for Dangote Refinery

The company is also seeking N100 billion in damages from the NMDPRA, arguing that the continuation of these licenses is unlawful and poses a threat to its operations.

Joining the NMDPRA in the lawsuit are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Court Rules FCCPC Lacks Power to Fix Prices Without Presidential Directive | Daily Report Nigeria
Business

Court Rules FCCPC Lacks Power to Fix Prices Without Presidential Directive

The Federal High Court in Abuja has dismissed a suit filed by...

PETROAN Lauds NMDPRA Over Gas Distribution Licences
Business

Ban on Foreign Goods: PETROAN Warns of Fuel Price Hikes, Shortages

The Petroleum Products Retail Owners Association of Nigeria (PETROAN) has cautioned President...

Dangote refinery
Business

Dangote Reveals True Obstacles to His $20bn Refinery’s Success

Aliko Dangote clarifies that major oil marketers and traders, not the new...

Nigeria Reclaims First Position as Africa’s Top Crude Oil Producer
Business

Nigeria’s Economic Woes Deepen as Oil Prices Plummet to $60

Crude oil prices have fallen below $60 per barrel, raising concerns about...

RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush