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NMDPRA
The federal government has approved the request of UTM Offshore Limited to build a 2.8 million tonnes floating LNG plant in Akwa-Ibom state.
The Minister of State for Petroleum Resources (oil) Sen. Heineken Lokpobiri has stated that the availability of supply of petrol prices will result in the stability of prices across the country.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalized an agreement with the Nigerian National Petroleum Corporation (NNPC) Limited to sell crude oil to Dangote refinery in local currency, the naira.
The Nigeria National Petroleum Company Ltd (NNPCL) has debunked reports in the media that it owes international oil traders up to $6.8 billion and that it has not remitted any money to the federation account since January of the year.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a stern warning to filling stations and fuel marketers against the unlawful sale of premium motor spirit (PMS), commonly known as petrol, to illegal roadside peddlers.
The energy cost of cement manufacturers listed on the NGX rose by 140.66% in the first half of 2024 compared to the figure for the same period of 2023.
The Crude Oil Refinery-owners Association of Nigeria (CORAN) has said that none of their members have begun receiving the sales of crude oil in the local currency, naira.
The House of Representatives has dissolved the ad-hoc Joint Committee on Downstream and Midstream that was probing the activities of the Nigeria National Petroleum Company Ltd. (NNPCL) and the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) regarding the importation of adulterated petrol and the non-availability of crude oil to local refineries.
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that his company secured a total of $2.7 billion in loans from the Central Bank between 2013 to 2023 to finance the refinery.
Shareholders have strongly defended Africa's foremost industrialist, Aliko Dangote over the on-going petroleum product supply controversies, while criticising the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals
The Manufacturers Association of Nigeria (MAN) has called on federal government regulatory agencies especially those in the oil and gas sector to desist from making statements capable of demarketing local investments in the country.
The Chief Executive Officer of the Dangote Refinery, Aliko Dangote met with the top executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Corporation Limited (NNPC), to brainstorm on solutions to the challenges facing the oil sector in the country.