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In a surprising turn of events, Dangote Refinery has opted to withdraw its lawsuit against Nigeria’s petroleum regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), alongside several key fuel importers, notably the state-owned NNPC Ltd. This unexpected move raises a multitude of questions, especially considering the significant stakes involved in Nigeria’s burgeoning oil sector. Initially, the refinery, hailed as Africa’s largest, had taken legal action to contest the issuance…

The legal community held its breath as Justice Inyang Ekwo, from the Federal High Court, issued a significant ruling that could alter the dynamics within Nigeria's oil industry. This ruling came after deliberating the submissions made by the legal teams representing Dangote Refinery, the NNPCL, and other stakeholders intricately woven into this legal tapestry. Sitting there in the courtroom, amidst the weight of the case files and the occasional shuffling of papers, one could almost touch the air of anticipation.…