The Federal Government has halted the issuance of import licenses for gasoline, a major win for billionaire Aliko Dangote, who controls Africa’s largest refinery and has long called for the move. This decision is coming on the heels of data supplied by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) which stated that Dangote…
Dangote Petroleum Refinery has announced a major reduction in the prices of Premium Motor Spirit (PMS), known as petrol and Automotive Gas Oil (AGO), also known as diesel. Under the new pricing regime, the gantry price of PMS has been lowered from ₦1,175 to ₦1,075 per litre—a reduction of ₦100. The coastal price has also…
Indigenous oil and gas downstream company MEA Energy, said it has adopted the revolutionary SmartPump technology to automate its filling stations across Nigeria, giving customers the hope of fast and easier self-service satisfaction. SmartPump technology is the product of Petrosoft, a global provider of end-to-end retail technology solutions. It offers specialized automation for fuel stations,…
Desirous of enhancing energy security and economic growth, the Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Saidu Aliyu Mohammed, alongside members of his management team, has paid a courtesy visit to the Nigerian Electricity Regulatory Commission (NERC) in Abuja. According to a post on the X, formerly Twitter, handle of the…
The House of Representatives Joint Committee on Petroleum Resources (Downstream and Midstream) stepped into the crisis between Dangote Refinery Group founder, Alhaji Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The joint committee has invited both parties to present the grievances before the joint committee for immediate resolution and appealed to…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that the proposed implementation of the 15 per cent of valorem import duty on imported petroleum products (petrol and diesel) is no longer going to be implemented. The regulator advised members of the public to eschew panic-buying as the nation had enough petrol in…
Dangote Petroleum Refinery and Petrochemicals has withdrawn its lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), and five other petroleum companies. The case, filed at the Federal High Court Abuja, was formally withdrawn by the plaintiff’s legal team. According to a notice of discontinuance filed…
The West African region has unveiled the timeline for accomplishing its refinery hub goals. Countries in the subregion are to sign harmonized refinery regulatory agreements in the fourth quarter (Q4) of 2025. The timeline was part of the highlights from the two-day Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)/ S&P Global Commodity Insights Conference…
The global crude oil market continues its turbulent descent, driven largely by the unpredictable tariff regime of United States (U.S) President Donald Trump, with rippling effects now hammering Nigeria’s oil-dependent economy, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Speaking at the State House yesterday during the Meet-the-Press series organised by the…
