The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has commenced moves to strengthen competition in Nigeria’s petroleum industry with a new regulatory framework targeting cartels, market dominance and other anti-competitive practices. The Authority disclosed this at a stakeholders’ consultation on the draft Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026, …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to sanction fuel stations found to be cheating consumers by under-dispensing petroleum products. NMDPRA said the sanctions will include revocation of licences of retail outlet operators found to be under-dispensing petroleum products to consumers. The Authority, in an industry circular released on Tuesday, said …
President of Dangote Group, Aliko Dangote, has announced plans to invest over $10 billion in Africa's power sector over the next three or four years to address the continent's electricity crisis and drive industrialisation. Dangote stated this in an interview with Al Jazeera, where he highlighted the impact of poor access to electricity on industrial …
The Nigeria Sovereign Investment Authority (NSIA) has launched a $300 million Nigeria Distributed Renewable Energy (DRE) Fund to accelerate off-grid electricity investment and expand power access to underserved communities across Nigeria. The fund was launched in partnership with Africa50, the International Solar Alliance (ISA) and Sustainable Energy for All (SEforALL). The DRE Fund was commercially …
The Federal Government is set to launch a major overhaul of Nigeria’s electricity infrastructure, with a Transmission Super Grid and fresh Chinese investment partnerships at the centre of the next phase of its power-sector reforms. Minister of Power, Joseph Tegbe, disclosed this on Monday in Abuja while marking his first 100 days in office. In …
The Nigeria Civil Aviation Authority (NCAA) has ordered Air Peace to compensate passengers affected by a delay on a scheduled flight from Lagos to Enugu on Monday, September 21. NCAA stated this through its Director, Public Affairs and Consumer Protection, Michael Achimugu. Achimugu made the disclosure while responding to human rights lawyer, Inibehe Effiong, who …
“No property is worth your life,” Environment Commissioner tells residents of Lagos flood-prone communities ahead of expected flooding Lagos State Commissioner for the Environment and Water Resources, Tokunbo Wahab, has urged residents of flood-prone communities to evacuate early to safer locations after the Nigerian Hydrological Services Agency (NiHSA) issued a seven-day flood alert. Wahab, …
Sahara Group has called for increased mobilisation of global capital, sustainable investment and climate finance to close Africa’s infrastructure gap, strengthen economic resilience and accelerate long-term development across the continent. The call was made by Dr Kola Adesina, Group Managing Director, Sahara Power Enterprise Group, at a United Nations General Assembly (UNGA) roundtable on Sustainable …
Nigeria and Indonesia are deepening cooperation in the energy sector, with Indonesia’s state-owned oil company, Pertamina, signalling interest in investment opportunities under Nigeria’s 2026 upstream licensing round. The development followed discussions between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Mrs. Oritsemeyiwa Eyesan; Indonesia’s Vice Minister of Foreign Affairs, Arif Havas Oegroseno; and Pertamina’s …
The downstream regulator says it does not fix prices of petroleum products under the Petroleum Industry Act The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has intensified surveillance along Nigeria’s border corridors to curb petrol smuggling and illegal cross-border diversion as rising Premium Motor Spirit (petrol) prices deepen pressure on households, transport operators …
