– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Dangote Refinery Plans to Extend IPO by 10 Days to Broaden African Investor Participation
US DFC Plans Equity Investments in Africa as Critical Minerals Gain Strategic Importance
AfDB Targets $800 Million for Mali’s Infrastructure and Economic Transformation
S&P Affirms Egypt’s B/B Credit Rating as Foreign Currency Reserves Strengthen
Kenya’s $13.1 Billion Debt Repayment Burden Revives Debate Over IMF Lending Conditions
World Bank Flags Growing Trade-Off Between Debt Payments and Social Spending in Africa
Fitch Revises Nigeria’s Credit Outlook to Positive as Foreign Reserves Strengthen
Ethiopia Launches Precious Metals Refinery With Capacity to Process 600 Tonnes Annually
IMF Reaches $1.5 Billion Staff-Level Agreement With Zambia on New Three-Year Programme
Kenya Approves $350 Million Financing for Kenya Airways as Restructuring Advances
Ecobank to Join China’s CIPS Payment System as Africa-China Trade Expands
Fitch Affirms Egypt’s Credit Rating as Public Debt and Financing Pressures Ease
Zimbabwe Maintains January 2027 Lithium Concentrate Export Ban
Airtel Money Raises $703 Million in London IPO as Shares Edge Above Offer Price
Moody’s Raises Sub-Saharan Africa’s Outlook to Positive as Debt Pressures Ease
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Energy » Nigeria’s Fuel Marketers Reject Dangote Suit Over Fuel Import Licenses
Energy

Nigeria’s Fuel Marketers Reject Dangote Suit Over Fuel Import Licenses

by Oluebube Elechi May 19, 2026
written by Oluebube Elechi May 19, 2026
FacebookTwitterLinkedinEmail
125

LAGOS, May 19 – Fuel marketers in Nigeria have pushed back against a lawsuit by Dangote Petroleum Refinery seeking to block fuel import licences, warning that the move could destabilise supply and competition in the downstream sector.

The dispute follows a fresh court filing in which Dangote challenged permits issued to fuel traders and the state oil company, NNPC Limited, arguing that continued imports undermine the refinery’s output and conflict with regulations under the Petroleum Industry Act.

The refinery, which began operations in 2024, has argued that Nigeria should rely more on domestic refining capacity and limit imports where local supply is sufficient.

In response, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) said the import licences were lawful tools issued by the regulator to ensure maintain supply security and market stability.

You Might Be Interested In
  • Namibia Removes Ban on Nasan Energies Sourcing Fuel from Vitol After Ministerial Review

The group said the Nigerian Midstream and Downstream Petroleum Regulatory Authority has the legal mandate to issue import permits where needed to maintain supply security, adding that withdrawing them would create uncertainty in a sector that depends on long-term investment.

“These licences exist to protect supply, not to disadvantage any single producer,” DAPPMAN said in a statement, adding that members had invested heavily in storage and distribution infrastructure based on existing approvals.

Marketers also warned that cancelling or reversing existing permits could disrupt operations across the downstream market, where multiple importers currently bridge supply gaps.

The dispute has intensified long-running tensions between the refinery and fuel importers over market structure, pricing power and the pace of Nigeria’s shift toward local refining.

DAPPMAN said it would engage legal counsel and regulators as the case progresses, arguing that the downstream sector must remain open and competitive to avoid concentration in the hands of a single supplier.

Nigeria, Africa’s biggest crude producer, still relies on imported refined fuel despite the start of large-scale domestic refining with the Dangote plant seen as central to reducing that dependence, though pricing and supply control remain contested.

Read Next

  • Moody’s Affirms Egypt Sovereign Credit Rating at Caa1, Outlook Positive

    April 6, 2026
  • Egyptian Pound Slides Past 50 Per Dollar as Middle East Conflict Deepens

    March 3, 2026
  • South African Miners Fastens Shift to Renewable Power to Cut Eskom Reliance

    August 26, 2026
  • India’s HPCL Purchases 2 Million Barrels of Nigerian Crude for Rajasthan Refinery

    August 4, 2026
  • Nigeria’s PEBEC Suspends New MDA Policies to Curb Disruptions to Businesses

    April 7, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy
  • African Economy Inc.