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Tag: NMDPRA

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Petrol imports down 67% in eight months — NMDPRA

Imports of Premium Motor Spirit have dropped sharply from 44.6 million litres per day in August 2024 to 14.7 million litres as of April 13, 2025—a decline of about 30 million litres, or 67 per cent—according to the latest supply tracker from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The Chief Executive Officer of […]

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NMDPRA slashes electricity GenCos gas price amid mounting ₦2trn debt

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has reduced the price of natural gas for power generation companies in a bid to address the sector’s liquidity crisis. This move comes as power generation companies reportedly owe gas suppliers around N2 trillion, largely due to persistent revenue shortfalls in the power sector. According to documents […]

News

NMDPRA awards Falcon 25-year gas distribution licence

The Nigerian Midstream and Downstream Petroleum Regulatory Agency has issued Falcon Corporation Limited a 25-year Gas Distribution Licence. A statement from the firm’s Managing Director, Prof. Joe Ezigbo, noted that the licence grants Falcon Corporation exclusive rights to gas distribution within the Ikorodu Industrial Zone. Ezigbo further stated that the GDL is a key regulatory […]

News

NMDPRA, NNPC seal deal to sell crude oil in Naira

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has reached an agreement with the Nigerian National Petroleum Corporation Limited to conduct transactions with Dangote Refinery using the naira. This was disclosed by NMDPRA in Abuja on Tuesday, aligning with the recent federal executive council’s approval, according to Nairametrics. Under the new arrangement, NNPC will sell […]

News Oil and Gas

FG meets local refiners over pricing, debunks Dangote’s claims

The Federal Government announced on Tuesday that no unclean fuel was imported into Nigeria, contradicting a recent statement made by a Dangote Petroleum Refinery executive. This was disclosed by the federal government during a meeting with the oil marketers and local refiners of crude oil in Abuja, according to The Punch. The meeting’s participants discussed […]

Business News

Stakeholders worry over imposed NMDPRA $2,000 registration fee

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has placed a $2,000 registration fee on indigenous shipowners, raising concerns among maritime stakeholders. The former Director General of the Nigerian Maritime Administration and Safety Agency, Temisan Omatseye, while speaking in Lagos recently at the 2024 Stakeholders Engagement, bemoaned the two license payments that indigenous shipowners imposed […]

Oil and Gas

Electricity tariff hike looms as FG raises gas price

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’s thermal plants fired by gas, generates over 70 per cent of its electricity. Consequently, once the Nigerian Electricity Regulatory Commission has […]

Court upholds NMDPRA's authority to impose statutory taxes
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Court upholds NMDPRA’s authority to impose statutory taxes

The Nigerian Midstream and Downstream Petroleum Regulatory Authority’s authority to levy and collect taxes on petroleum products supplied in Nigeria has been upheld by the Federal High Court in the first significant court ruling concerning the Petroleum Industry Act 2021. The PUNCH reported that NMDPRA said in a statement released in Abuja on Sunday that […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Oil and Gas

Sahara Energy, Ministry of Gas, NMDPRA, partner to develop gas

The Nigerian Midstream Downstream Petroleum Regulatory Authority, Sahara Energy Group, and the Ministry of Petroleum are planning to work together on gas development in the country. According to The Times, this is in line with a statement made by Sahara Energy. According to the statement, the Nigerian Midstream and Downstream Petroleum Regulatory Authority Chief Executive, Engr. Farouk […]

Cooking gas price hits N1,500 per kg
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NMDPRA announces new gas prices

The  Nigerian Midstream and Downstream Regulatory Authority has announced that a new gas pricing pattern will be made public today following a review with President Bola Tinubu’s Energy adviser, Olu Verheijen. The Nation reported that the Authority’s Chief Executive Officer, Engr. Farouk Ahmed announced the information at the Abuja headquarters’ official opening. He stated that the necessary […]

Court upholds NMDPRA's authority to impose statutory taxes
Economy

Subsidy: Why FG won’t fix petrol prices again, NMDPRA reveals

By Wilson Adekumola   The Nigerian Midstream and Downstream Petroleum Regulatory Authority has explained the reasons Federal Government would no longer fix prices or release templates for Premium Motor Spirit popularly known as petrol.   The Authority Chief Executive Mr Farouk Ahmed, made this disclosure while addressing newsmen in Abuja on Friday, noting that in […]

NMDPRA calls for calm amid PMS subsidy removal
Oil and Gas

NMDPRA calls for calm amid PMS subsidy removal

Juliet Buna The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday assured of an adequate supply of PMS to meet the demand of consumers. This is coming after President Bola Tinubu on Monday declared the removal of fuel subsidy. The NMDPRA in a statement signed by its General Manager of corporate communications Kimchi Apollo […]