ActionAid Nigeria has called on President Bola Ahmed Tinubu to intervene urgently and order a public investigation into allegations of financial misconduct against Mr Farouk Ahmed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The allegations surfaced following media reports and whistleblower revelations by business mogul Alhaji Aliko Dangote. It is …
President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, has said the newly unveiled digital platform for Gas Trading Licence, and the Clearing House & Settlement Authorisation will enhance transparency of Nigeria’s gas market and offer a framework that aligns with global best practices. Ekperikpo stated this during the official unveiling of the GTL platform on Thursday, …
Stakeholders in the Nigerian petroleum sector have charted a clearer roadmap for enhancing legislative oversight in the upstream. At a one-day workshop held on Monday, December 1, in Abuja, themed 'Legislative–Stakeholders Synergy for a Transparent and Accountable Upstream Petroleum Sector', stakeholders highlighted ways to ensure transparency and accountability in the Nigerian petroleum sector. It was …
Financial expert Funsho Doherty has slammed the recently approved 15% import duty on petrol and diesel, warning that it could further strain Nigerian households already grappling with high fuel costs. In an open letter to Senate President Godswill Akpabio, Doherty, who previously worked with Goldman Sachs & Co., PNC Advisors, Arthur Andersen, and served as …
Nigerians may soon benefit from lower petrol and food prices as 22 ships carrying petroleum products, frozen fish, and other essential commodities berth at Lagos ports, the Nigerian Ports Authority (NPA) has revealed. The NPA’s latest Shipping Position report shows that the vessels are currently discharging cargo at Apapa, Tincan, and Lekki ports, signalling a …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria National Petroleum Company Limited (NNPCL) have pledged to continue taking practical steps towards overhauling downstream infrastructure to boost energy sector growth. The agencies made the pledge at the ongoing 2025 Oil Trading and Logistics (OTL) Africa Downstream Energy Week in Lagos. Delivering his …
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has assured Nigerians that the recent surge in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, is temporary and will soon stabilise as domestic supply improves. In recent weeks, LPG prices have risen sharply from between ₦1,000 and ₦1,100 per kilogram …
By Esther Ososanya The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed its support for suppliers and distributors in the petroleum sector, describing their role as vital to Nigeria’s energy security and economic development. Speaking at the Annual General Meeting of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) in …
