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Nigeria Halts Gasoline Import Permits in a Win for Dangote

Nduka Orjinmo

1 min read

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⚡ Quantum Brief

Nigeria suspended gasoline import permits in March 2026, handing a major victory to Aliko Dangote, whose refinery now dominates domestic fuel supply. The move aligns with Dangote’s long-standing push to end reliance on foreign imports. Dangote’s $20 billion refinery in Lagos supplied nearly all Nigeria’s gasoline in February, per regulatory data. The facility’s ramp-up reduces dependency on costly imports, bolstering energy independence. Major importers like TotalEnergies, Conoil, and MRS—responsible for 38% of January’s gasoline—lost licenses. The halt disrupts their operations but strengthens Dangote’s market monopoly. The decision reflects Nigeria’s shift toward local refining, cutting foreign exchange drain. Analysts note it may lower pump prices but risks supply shortages if Dangote’s output falters. Critics warn the policy favors a single player, raising antitrust concerns. Yet supporters argue it stabilizes fuel supply and supports Nigeria’s industrial growth.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Dangote Industries Ltd. oil refinery and fertilizer plant site in the Ibeju Lekki district, outside of Lagos, Nigeria.Nigeria halted the issuance of import licenses for gasoline, a major win for billionaire Aliko Dangote, who controls Africa’s largest refinery and has long called for the move. Nearly all gasoline supplied domestically in February came from Dangote’s plant, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority shows. Oil marketing firms including a unit of TotalEnergies SE, Conoil Plc and MRS Nigeria Plc, which imported 38% of the nation’s gasoline in January, had their licenses suspended.

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Source: Bloomberg

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