SAMUEL MOBOLAJI Nigeria’s oil and gas sector has entered a new commercial era under the Petroleum Industry Act (PIA), with investors eyeing opportunities as the country targets crude production of 2.5 million barrels per day (bpd) by the end of 2026. Current output averages between 1.7 million and 1.83 million bpd, leaving a significant gap […]
The Dangote Petroleum Refinery has accused the former leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA) of approving petrol import licences that exceeded domestic demand in November 2025. The refinery’s response follows reports claiming that petrol imports surged during the period due to a pricing dispute between petroleum marketers and the […]
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has intervened in the escalating conflict between the Dangote Group and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), warning that the country must prioritize building strong regulatory institutions over pandering to powerful individuals. The President of PENGASSAN, Festus Osifo, gave this charge […]
The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has firmly rejected recent allegations that he funded his children’s multimillion-dollar Swiss education through corrupt means, describing the claims as timed smears amid his agency’s regulatory reforms. In a detailed personal statement released Tuesday, Ahmed attributed the accusations—centering on $5 […]
Aliko Dangote, chairman of the Dangote Group, has alleged that Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his children in Switzerland. In a paid newspaper advert on Tuesday, the billionaire said the amount was paid for four […]
The house of representatives has raised concerns over the federal government’s proposed sale of Nigeria’s refineries and vowed to uncover the circumstances surrounding the decision. As a first step, the house committee on Petroleum Resources (Downstream) has begun investigating the massive investments in the Turn Around Maintenance (TAM) of the country’s major refineries, which have […]