Author
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Seye Ayinla
Partner
Dangote Refinery and Competition in the Nigerian Midstream Industry
With a refining capacity of 650,000 barrels per day and over $23 billion in investment, the Dangote Refinery is central to Nigeria’s energy security agenda. But as fuel imports continue, the refinery has challenged regulatory approvals for import licences, raising critical questions about dominance, fair competition, and legitimate investor expectations.
In this new publication, we explore whether the Nigerian refinery market is a monopoly or an emerging oligopoly, the relevance of the Abuse of Dominance Regulations, and the delicate balance between supporting national champions and preserving competitive market dynamics.
