NMDPRA Issues New Import Permits

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued new petrol import licences to six firms, authorising the importation of 720,000 metric tonnes. This move, confirmed on May 6, 2026, signals a pivot in the federal government’s downstream strategy, which had recently prioritised domestic refining. The licensed companies Matrix, AA Rano, AYM Shafa, Nipco, Pinnacle, and Bono are now permitted to bring in volumes ranging from 60,000 to 150,000 metric tonnes each to ensure national energy security.

The policy shift follows a significant leadership change at the NMDPRA. President Bola Tinubu recently removed Saidu Mohammed and appointed Rabiu Umar, a former executive at Dangote Group, as the new Chief Executive. While the Senate confirmed Umar on May 7, the industry is closely watching how his experience with the country’s largest private refinery will influence future import quotas. Supporters of the new permits argue they are necessary to prevent a domestic monopoly and protect against supply gaps, even as the Dangote refinery ramps up production.

The Battle for Market Dominance

The decision to resume imports comes despite the Dangote Refinery operating at roughly 94% capacity in March 2026. Data shows the facility produced 1.49 billion litres of petrol that month, significantly exceeding Nigeria’s domestic consumption and making the country a net exporter of petrol for the first time in decades.

However, tension remains between the regulator and the refinery. Dangote’s CEO, David Bird, warned that the market could be undercut by “inferior or sanctioned” imported products, while some market sources suggest the refinery may resort to exporting more of its output if local import permits continue to flood the market.

While the “Iran war” has pushed international oil prices higher, providing a budget windfall for the government, it also threatens to spike local fertiliser and food costs.