Chairman of Dangote Industries Limited (DIL), Aliko Dangote, has escalated an alleged corruption case against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission (EFCC). The petition was submitted through Dangote’s legal representative, barely 24 hours after he …
Former lawmaker, Senator Magnus Abe, has applauded President Bola Tinubu for nominating him as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Senator Abe, who expressed profound gratitude to the President for the appointment, said his love and support for Tinubu was not based on expectations of reward, but on the …
One year after the Nigeria National Petroleum Company (NNPC) Limited declared the resumption of the Port Harcourt and Warri refineries, both facilities are currently shut down, fuelling intense public backlash and scrutiny. Despite multi-billion-dollar investments and celebratory commissioning ceremonies held in late 2024, the state-owned refineries have largely failed to sustain operations. Pinnacle Daily recalls …
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of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Saidu Aliyu Mohammed, has withdrawn his acceptance of a board seat at Seplat Energy Plc.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 …
Nigerians have demanded a full probe into allegations of graft levelled against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr Farouk Ahmed, and prosecution if found guilty. They stated that the sudden resignation of Ahmed from his position should not hinder the investigation process. Ahmed, who was …
Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPRA), Engr. Farouk Ahmed, has debunked a viral statement purported to be his response to the recent allegations made against him by the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote. In a terse statement released on Tuesday, December 16, Ahmed clarified …
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 …
