Brief: Dangote Refinery Drops ₦100bn Lawsuit Against NNPCL, Others
Dangote Petroleum Refinery has withdrawn its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), NNPC Limited, and five other oil firms.
The case, filed at the Federal High Court in Abuja, challenged the issuance of fuel import licenses, which Dangote claimed violated the Petroleum Industry Act and undermined local refining. The refinery had sought damages and a declaration that NMDPRA failed to protect domestic producers.
However, a formal notice of discontinuance was submitted, with no stated reason or indication of an out-of-court settlement.
The defendants, including Matrix, AYM Shafa, and A.A. Rano, had argued the case was an attempt by Dangote to monopolise the market. NMDPRA maintained it acted lawfully to meet national fuel demand.#DangoteRefinery #NNPCL #NMDPRA #OilAndGas #PetroleumIndustryAct #FuelImportation
Dangote Petroleum Refinery has withdrawn its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), NNPC Limited, and five other oil firms.
The case, filed at the Federal High Court in Abuja, challenged the issuance of fuel import licenses, which Dangote claimed violated the Petroleum Industry Act and undermined local refining. The refinery had sought damages and a declaration that NMDPRA failed to protect domestic producers.
However, a formal notice of discontinuance was submitted, with no stated reason or indication of an out-of-court settlement.
The defendants, including Matrix, AYM Shafa, and A.A. Rano, had argued the case was an attempt by Dangote to monopolise the market. NMDPRA maintained it acted lawfully to meet national fuel demand.#DangoteRefinery #NNPCL #NMDPRA #OilAndGas #PetroleumIndustryAct #FuelImportation
Brief: Dangote Refinery Drops ₦100bn Lawsuit Against NNPCL, Others
Dangote Petroleum Refinery has withdrawn its ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), NNPC Limited, and five other oil firms.
The case, filed at the Federal High Court in Abuja, challenged the issuance of fuel import licenses, which Dangote claimed violated the Petroleum Industry Act and undermined local refining. The refinery had sought damages and a declaration that NMDPRA failed to protect domestic producers.
However, a formal notice of discontinuance was submitted, with no stated reason or indication of an out-of-court settlement.
The defendants, including Matrix, AYM Shafa, and A.A. Rano, had argued the case was an attempt by Dangote to monopolise the market. NMDPRA maintained it acted lawfully to meet national fuel demand.#DangoteRefinery #NNPCL #NMDPRA #OilAndGas #PetroleumIndustryAct #FuelImportation
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