The Senate on Thursday confirmed the appointment of Rabiu Umar as Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The confirmation followed the presentation and consideration of a report by the Senate joint committees on Downstream Petroleum Sector and Gas during plenary in Abuja. Chairman of the Senate Committee on…
The chairman of Petroleum Technology Association of Nigeria (PETAN), Mr Wole Ogunsanya is opening nearly $7 billion in investment opportunities to global equipment manufacturers. Ogunsanya spoke on Wednesday at the 2026 Original Equipment Manufacturers Investment Forum during the Offshore Technology Conference in Houston, Texas. The forum focused on Nigeria’s investment potential, market entry barriers and…
Aliko Dangote has announced plans to develop a 20,000-megawatt power project, marking a significant expansion of his business empire beyond oil refining, cement, and fertiliser. Dangote disclosed the plan during an interview with Makhtar Diop, where he highlighted energy as one of Africa’s most critical needs. “We are now going into power… 20,000 megawatts,” Dangote…
By Seun Ibiyemi Electricity distribution companies (DisCos) in Nigeria generated a total of N196 billion in revenue in February 2026, according to the Nigerian Electricity Regulatory Commission (NERC), reflecting a decline in both billing and energy supply during the period. The figure was contained in NERC’s latest Commercial Performance of DisCos fact sheet, which showed…
..Move to regulate location of gas stations nationwide By Seun Ibiyemi The House of Representatives has expressed concern over recurring gas explosions in the country following a blast in Apapa, Lagos State, which left five people injured. The resolution followed the adoption of a motion of urgent national importance sponsored by Hon. Adesola Samuel Adedayo,…
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals Limited has clarified that there has been no increase in the price of Premium Motor Spirit (PMS), stressing that its ex-depot price remains unchanged. In a statement issued on Wednesday, the refinery reaffirmed its position, noting that it is committed to maintaining stability in the domestic energy…
By Olakunle Oke Nigeria’s downstream fuel market is bracing for another increase in pump prices following a fresh ₦75 hike in the ex-depot price of petrol, signaling renewed upward pressure across the supply chain. A report by Petroleumprice.ng, citing market sources, confirmed the new pricing template, noting that Proforma Invoice was suspended on Tuesday. This…
By Olakunle Oke Local refineries in Nigeria received just 28.5 million barrels of crude oil in the first quarter of 2026, despite higher volumes offered by producers under the Domestic Crude Supply Obligation (DCSO), data released by the Nigerian Upstream Petroleum Regulatory Commission has shown. The Commission disclosed that while 61.9 million barrels were allocated…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese firms to support the restart and expansion of the Warri and Port Harcourt refineries. The agreement, reached with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, is aimed…
By Olakunle Oke President Bola Ahmed Tinubu has nominated Joseph Olasunkanmi Tegbe as Nigeria’s new Minister of Power, placing a seasoned private-sector expert at the helm of one of the country’s most troubled sectors. His appointment, subject to Senate confirmation, follows the exit of Adebayo Adelabu, who resigned to pursue political ambitions. Tegbe’s emergence comes…
