Iran & Nigeria — Nigerian Midstream and Downstream Petroleum Regulatory Authority

Iran: Iran's ceasefire agreement with the United States has led to a de-escalation of Middle East tensions and a decline in global crude oil prices, impacting the cost of petroleum products worldwide, including Nigeria.

Nigeria — Nigerian Midstream and Downstream Petroleum Regulatory Authority: The Nigeria — Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is responsible for ensuring that deregulation does not lead to profiteering and that market forces restore price equilibrium, while also promoting regulatory certainty.

Iran: Iran's involvement in the Middle East conflict contributed to the disruptions in global fuel flows, indirectly creating opportunities for Dangote Petroleum Refinery.

Nigeria — Nigerian Midstream and Downstream Petroleum Regulatory Authority: The Nigeria — Nigerian Midstream and Downstream Petroleum Regulatory Authority coordinated government intervention to introduce a price cap and credit window for airlines in Nigeria due to rising aviation fuel costs.