adsThe Nigerian National Petroleum Company Limited is fighting to preserve fuel import rights for rival marketers, warning the Federal High Court in Lagos, that handing effective market control to Dangote Petroleum Refinery would expose Africa’s most populous nation to supply shocks, volatile pump prices, and risks to national energy security.
The state firm’s own refineries at Port Harcourt and Warri have collectively consumed more than $2.4 billion in public funds without producing a meaningful drop of refined fuel output.
Now, the same institution is in a Federal High Court in Lagos, arguing that a privately built, fully operational 650,000-barrel-per-day refinery should not be allowed to use the law to shut out foreign competition.
According to court documents seen by Reuters, NNPC accused Dangote Petroleum Refinery of seeking to restrict competition and expose the country’s fuel market to monopoly control by challenging import licences issued to rival marketers.
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