FG suspended the petrol import licences of several major fuel marketers

The decision is expected to reduce petrol imports and strengthen local refining, giving a major boost to the Dangote Refinery as Nigeria pushes toward energy self-sufficiency.

Officials say the move is part of efforts to support domestic production and stabilize the country’s fuel supply system. The policy could significantly reshape Nigeria’s downstream petroleum sector in the coming months.

Industry analysts believe the development may shift market dominance toward locally refined fuel, while marketers adjust to the new regulatory direction.