LeadStory

Africanews

Dangote Refinery drops $66M lawsuit against Nigerian fuel importers

Africanews · Recent
Africanews
Africanews
Recent

It aimed at compelling the Nigerian authorities to nullify fuel import licences issued by the regulatory authority.

Breakdown
  • Dangote Refinery has withdrawn its lawsuit seeking to restrict fuel imports in Nigeria.
  • The lawsuit challenged import licenses issued to NNPC and other importers by the petroleum regulator. 9s
  • Dangote argued that imports were only legal for production shortfalls, which it said no longer applied. 28s
  • The refinery had sought $66 million in damages before withdrawing the case without explanation. 38s
  • The court will still convene to address the formal conclusion of the case. 56s
Court