• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Thursday, June 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Court Dismisses NNPC’s Objections In Dangote Refinery’s Import Licence Suit

Ojimaojo Abubakar by Ojimaojo Abubakar
March 19, 2025
in Business
0
NNPCL, Dangote Didn’t Fight, Petrol Will Rise Above N1,000 – Alaje
0
SHARES
0
VIEWS
FacebookTwitterWhatsappEmailTelegram

A federal high court has dismissed Nigerian National Petroleum Company (NNPC) Limited’s objection to its inclusion in a lawsuit brought by Dangote Petroleum Refinery over import licences issued to oil marketers.

According to a report by Reuters, Inyang Ekwo, the presiding judge, gave the ruling on Tuesday.

RelatedPosts

Stock Market Rebounds, Appreciates by N404.58bn on Demand for Dangote Cement

Nigerian Stock Market Slightly Slumps after Holiday

Amazon Unveils $20 Billion Pennsylvania Data Centre Investment To Power AI, Cloud Expansion

In an amendment, dated November 25, 2024, Dangote refinery had sought a single relief to correct the name of the second defendant in the lawsuit from ‘Nigeria National Petroleum Corporation Limited’ to ‘Nigeria National Petroleum Company Limited’.

Dangote refinery had filed a suit on September 6, 2024, marked FHC/ABJ/CS/1324/2024, against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPC as first and second defendants.

The refiner had requested the court to nullify the import licences issued to NNPC, Matrix Petroleum Services Limited, A. A. Rano Limited, and four other oil companies.

Dangote refinery asked the court to rule that the NMDPRA violated Sections 317 (8) and (9) of the Petroleum Industry Act (PIA) by granting licences for petroleum product importation, adding that such licences should only be issued in circumstances where there is a petroleum product shortfall.

The refiner urged the court to declare that the NMDPRA is in violation of its statutory responsibilities under the PIA by not encouraging local refineries such as Dangote’s.

The publication said NNPC had objected to the suit that domestic consumption still surpasses the refinery’s production. Hence, imports remain necessary.

ALSO READ:  Forfeited Assets Belongs To My Relative - Emefiele

Also, NNPC argued that the Dangote refinery’s filing cited a non-existent company, Nigeria National Petroleum Corporation, as the national oil company had officially changed its name to Nigeria National Petroleum Company Limited in 2022 when it became a limited liability company.

However, in his ruling, Ekwo dismissed the objections.

The publication said the presiding judge adjourned the case to May 6 to consider the request by NMDPRA and NNPC to dismiss the suit due to a lack of merit and their counter-argument that the refinery is seeking to create a monopoly.

Dangote refinery seeks N100 billion in damages from NMDPRA, NNPC and five oil marketers.

Ojimaojo Abubakar

Ojimaojo Abubakar

Abubakar Ojimaojo is a graduate of Mass Communication, political and football analyst currently work at elanzanews.ng as Editor. He pride himself as skilled wordsmith with a passion for delving into contemporary political issues on both national and international scale.

Related Posts

Stock Market Rebounds, Appreciates by N404.58bn on Demand for Dangote Cement

Stock Market Rebounds, Appreciates by N404.58bn on Demand for Dangote Cement

by Nathaniel Irobi
June 12, 2025
0

The Nigerian stock yesterday staged a rebound, recouping prior session losses as capitalisation gained N404.58 billion on investors’ demand for...

Nigerian Stock Market Slightly Slumps after Holiday

Nigerian Stock Market Slightly Slumps after Holiday

by Nathaniel Irobi
June 11, 2025
0

The stock market opened the week on a downturn Tuesday, with key performance indicators dropping by 0.53 per cent after...

Amazon Unveils $20 Billion Pennsylvania Data Centre Investment To Power AI, Cloud Expansion

Amazon Unveils $20 Billion Pennsylvania Data Centre Investment To Power AI, Cloud Expansion

by Nathaniel Irobi
June 10, 2025
0

Amazon has announced plans to invest a minimum of $20 billion in Pennsylvania to bolster its data centre infrastructure, reinforcing...

Recommended

2027 General Election: Coalition Groups endorse president Tunibu/Uba Sani

2027 General Election: Coalition Groups endorse president Tunibu/Uba Sani

2 days ago
Danfulani Leads NAIC Executive Talks to Advance Tinubu’s Renewed Hope Agenda

Danfulani Leads NAIC Executive Talks to Advance Tinubu’s Renewed Hope Agenda

8 hours ago

Popular News

  • Arewa group hails Tinubu’s inclusive appointments

    NURTW President Hails Tinubu’s Reforms, Urges Greater Support For Transport Sector

    0 shares
    Share 0 Tweet 0
  • Group Warns Against Attempt To Pitch Senator Katung Against Tinubu, Gov Uba Sani

    0 shares
    Share 0 Tweet 0
  • NAHCON Officials Grumble in Saudi Arabia Over Unpaid Allowances

    0 shares
    Share 0 Tweet 0
  • Environment Minister’s Scholarship Beneficiary Tops 2025 UTME In Northern Nigeria With 345 Score

    0 shares
    Share 0 Tweet 0
  • My Office Is Accessible To All, Hon. Bawa Tells Group

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (722)
  • Education (213)
  • Entertainment (308)
  • Health (188)
  • National (2,088)
  • News (7,847)
  • Opinion (286)
  • Politics (1,575)
  • Science (15)
  • Security (404)
  • Sports (422)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform