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Tag: NMDPRA

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
News

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
featured

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 […]

Court upholds NMDPRA's authority to impose statutory taxes
Oil and Gas

NMDPRA urges companies to drop diesel for gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has urged the country’s companies, particularly those that utilize a lot of petroleum products, to switch from diesel to gas. The Punch reported that the Chief Executive of NMDPRA, Farouk Ahmed, made the call at a one-day stakeholder engagement on gas utilization in Nigeria which was held in Kano […]

A gas plant
Business

NMDPRA urges businesses to adopt gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is urging businesses to consider opportunities in the gas value chain to prevent future uncertainties regarding diesel supply and other challenges. According to The Punch, this was shared on Tuesday by the authority’s Chief Executive, Farouk Ahmed, during the ‘South-West Stakeholders Engagement on Gas Utilisation in Nigeria’ […]

petrol pump
Oil and Gas

FG empowers NMDPRA to tackle petrol price hike

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb fuel overpricing by marketers.   The Guardian reported that the Authority Chief Executive, Farouk Ahmed, issued this warning in Abuja, on Monday, at a stakeholders’ […]

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