Industry

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has directed petroleum retail outlet operators nationwide to immediately calibrate and verify their dispensers and totalisers to stop under-dispensing of…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is aware of the financial pressure caused by the recent increase in petrol prices, but maintains that it does not fix pump prices under Nigeria's…
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According to a report by Vanguard Newspaper on Wednesday, September 23, the price of petrol has dropped by as much as N24 per litre at several major depots in Lagos, raising expectations that motorists could begin to see lower pump…
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According to the Punch Newspapers, the Federal Government has moved to strengthen competition in Nigeria’s midstream and downstream petroleum sector, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority proposing…
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Bola Tinubu There is a particular kind of quiet that settles over a shop in Balogun Market when the owner returns from the moneylender. Consider a textile trader who has just closed the best season of her working life.The lace is…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled proposed regulations aimed at curbing monopoly, abuse of market dominance, collusion and other anti-competitive practices in Nigeria’s petroleum…
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Participation of Nigerians in the country’s oil and gas industry and value retention has hit 60 per cent, the Minister of State Petroleum Resources (Oil) Senator Heineken Lokpobiri disclosed in Abuja Monday during a courtesy call by of…
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Aliko Dangote said abandoning his refinery was never a viable option because the project was intended to help Nigeria end fuel-subsidy costs of about $10 billion a year. The Dangote Group president said the facility also had to…
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Top officials of Nigeria’s petroleum industry and their counterparts from the Democratic Republic of Congo (DRC) at Abuja on Monday, during a courtesy call by the Congolese delegation that visited Nigeria to understudy NCDMB’s local…
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Aliko Dangote has recalled how the sale of three Nigerian refineries to his group was cancelled during the administration of the late President Umaru Musa Yar'adua.Speaking during an interview on Al Jazeera English, Dangote said…
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