Horllyworld ent.

Three oil marketing firms—AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited—have filed a joint response to a lawsuit by Dangote Petroleum Refinery and Petrochemicals at the Federal High Court in Abuja.  The marketers are urging the court to dismiss Dangote’s suit, which they argue could monopolize the oil industry, posing risks to Nigeria's economy and energy stability. This response, filed as a counter affidavit under reference FHC/ABJ/CS/1324/2024, contests Dangote’s bid to restrict import licenses for petroleum products, which it claims should only be issued when there’s a supply shortfall.  .                    monetag Dangote argues that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Corporation Limited (NNPCL) have violated the Petroleum Industry Act (PIA) by allowing import licenses despite local production capacity.  I'mDa...