The Nigerian National Petroleum Company (NNPC) Limited has formally opposed a lawsuit initiated by Dangote Petroleum Refinery, which seeks to challenge the validity of fuel import licences granted to various marketers. In its argument presented before the Federal High Court in Lagos, NNPC cautioned that limiting fuel imports could lead to significant supply disruptions and create a monopolistic environment in the market. The corporation emphasized the importance of maintaining a competitive landscape to ensure a steady and reliable fuel supply for the nation.
Related Articles
Don't miss out on breaking stories and in-depth articles.