The Federal Government has reaffirmed its commitment to market-based petrol pricing, insisting it will not introduce price controls despite rising geopolitical tensions in the Middle East that have heightened volatility in global oil markets. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this during an interview on Politics Today on…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the strategic implementation of downstream deregulation and foreign exchange reforms resulted in over N6 trillion in savings from fuel import losses during the first nine months of 2025. This disclosure was made by the Chief Executive of the NMDPRA, Mr. Saidu Mohammed, during…
The Federal Government has reiterated its commitment to positioning natural gas as a key driver of Nigeria’s economic growth, energy security, and social development following the unveiling of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Gas Master Plan (GMP) 2026. Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, made the declaration over…
