In a swift move considered as a measure to avoid a conflict of interest, the newly appointed Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Saidu Aliyu Mohammed, has withdrawn his acceptance of a board seat at Seplat Energy Plc. Pinnacle Daily had reported that President Bola Tinubu, last …
President Bola Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the sudden resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials …
Esther Ososanya ActionAid Nigeria has urged the Federal Government to suspend its proposed 5% surcharge on fossil fuel transactions, warning that the policy could damage the country's fragile economic recovery and worsen inequality. The new levy, introduced in Section 158 of the recently gazetted Nigeria Tax Act, is scheduled to take effect in 2026. It …
