Tag: NMDPRA

‘Resource-Rich, Serious Investment Destination,’ NGA Flaunts Nigeria’s Profiles For WGC 2025

Ganiyu Amodu

The Nigerian Gas Association (NGA) has confirmed its strategic participation at the 29th World Gas Conference (WGC2025), set to take place in Beijing, China. Speaking during a media engagement in Lagos, NGA President, Akachukwu Nwokedi revealed that the Association would host a Nigeria Pavilion at the prestigious triennial event, organized by the International Gas Union (IGU). The Pavilion will spotlight Nigeria’s gas sector progress, highlight investment-ready opportunities, and promote strategic interests under the “Decade of Gas” initiative. “This platform is not just symbolic. It is strategic. It signals Nigeria’s readiness…

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Dangote, Marketers In War of Words As Petrol Price Politics Degenerates

Aliyu Aliyu

. You’re unfair to Nigerians, Imported petrol Cheaper than your N990/litre, Marketers bomb Dangote . Any imported petrol cheaper than ours substandard, says Dangote   The petrol price politics rocking Nigeria has degenerated with Dangote Refinery and marketers embroiled in unprecedented war of words. Platforms Africa reports that after two months of petrol production, Dangote Refinery on Sunday disclosed its price for the product, a move that has stirred reactions from stakeholders including marketers. Rising under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the…

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‘Fired 2 Weeks After Inauguration,’ Why Ugochinyere-led Oil Sector Probe committe Was Disolved

Aliyu Aliyu

  The panel was set up to look into Dangote Refinery, NMDPRA’s substandard diesel allegation, counter allegation among others     The Speaker of the House of Representatives, Abbas Tajuddeen, has given reason for dissolving the Honourable Ikenga Ugochinyere-led ad-hoc Joint Downstream and Midstream Committee investigating the importation of adulterated petroleum products, the non-availability of crude oil for domestic refineries, and other energy security issues. Recall that the oil sector regulatory body, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, had accused Dangote Refinery of refining petroleum products with high…

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Nigeria Hikes Gas Price, Electricity Tariff Increase Imminent

Abibat Babalola

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise in the cost of the commodity may lead to a hike in the tariff payable by power consumers once the Nigerian Electricity Regulatory Commission carries out another tariff review. The Nigerian Midstream and Downstream Petroleum Regulatory…

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Accept Bank Transfers, PoS Transactions, Govt Orders Oil Marketers

Ganiyu Amodu

The Federal Government, on Thursday, commenced the deployment of security agencies to filling stations across the country to enforce the use of Point of Sale machines and the acceptance of bank transfers at the various outlets. It said the move became vital following reports that some filling stations were rejecting POS machines and bank transfers from customers despite the severe cash crunch currently nationwide. The government disclosed this through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement issued in Abuja by the agency’s General Manager, Corporate Communications…

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NMDPRA Unveils Regulations On Petroleum Measurement, Industry Safety

Ganiyu Amodu

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Wednesday, began stakeholders consultation on draft regulations on the measurement of petroleum products and safety in the industry with a call on stakeholders to make major contributions to the rule. The Petroleum Measurement Regulations seek to regulate and ensure accurate measurement and allocation of petroleum, petroleum liquids, natural gas and their derivates. The regulations will determine the basis for calculating revenue accruing to the government, licenses, contractors and other parties and also provide sanctions and penalties for failure to comply with…

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Petrol Sells for N250 per litre As Scarcity bites Harder

ADEOLA YUSUF

. Succor Underway as 300 million litre petrol-laden Vessels commence product’s discharging in Lagos . Black marketers record business booms while filling stations ‘run out of fuel”   Two vessels laden with 300 million litres of Premium Motor Spirit (PMS), known as petrol, which arrived at Lagos ports, have started to discharge the product, Platforms Africa reports, just as hardship caused by off-spec product supply bite harder. The vessels, Platforms Africa gathered, arrived on Tuesday at ASPM jetty Ijora and Wednesday at Pinnacle jetty, Apapa, area of Lagos, Nigeria’s commercial capital.…

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