Nigeria court orders regulator to keep issuing fuel import licences to marketers
A Nigerian court ordered the country’s downstream petroleum regulator to continue issuing fuel import licences and related permits to three oil marketing firms, saying any refusal would be inconsistent with provisions of the Petroleum Industry Act (PIA), court documents showed on Monday. “The consequences of non-compliance with the PIA and relevant laws make any exercise … The post Nigeria court…
In a recent ruling, a Nigerian court has instructed the country's petroleum regulator to persist in granting fuel import licenses and associated permits to three oil marketing companies. The court's decision, made by Judge Inyang Ekwo of the federal high court in Abuja, was based on the Petroleum Industry Act (PIA) and other relevant laws.
Matrix Energy, AA Rano, and AYM Shafa had filed a lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority in June. The plaintiffs challenged the regulator's approach to fuel import licenses.
The marketers informed the court that they had invested over $20 billion in infrastructure, logistics, and retail networks to support their licensed fuel distribution businesses throughout Nigeria.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
