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President Bola Tinubu has asked the Senate to confirm new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission following the resignation of the current heads of the agencies. The President’s request was contained in separate letters to the Senate on Wednesday. Farouk Ahmed resigned as…
By Israel Adebiyi Penkelemesi traces its roots to Adegoke Adelabu, the colourful Nigerian politician of the 1950s renowned for his sharp wit and powerful oratory. During a heated debate in the Western Region House of Assembly, Adelabu reportedly described the political opposition as a “peculiar mess.” To many in his largely non-literate audience, the phrase…
The House of Representatives Joint Committee on Petroleum Resources has invited Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to resolve disagreements threatening the downstream petroleum sector. Chairman Ikenga Ugochinyere said after an emergency Abuja meeting on Monday that rising tensions could undermine the fragile stability recently achieved. He said the…
By Uko Etim Environmental experts have raised serious concerns over the dangers posed by abandoned, non-decommissioned oil wells scattered across the Niger Delta, describing them as “ticking time bombs” capable of triggering large-scale environmental and public health crises. The warning came during a two-day School of Ecology workshop organised by the Health of Mother Earth…
The Presidency is planning to restructure asset ownership in the Nigerian National Petroleum Company Limited amid concerns over what it called its low oil production. The Special Adviser to the President on Energy, Olu Verheijen, made this known on Monday at the ongoing Nigerian Association of Petroleum Explorationists Conference in Lagos. Verheijen outlined a bold…
Following the successful execution of the Memorandum of Understanding (MoU) between Backbone Infrastructure Ltd and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction of a 500,000 barrels-per-day refinery and the development of a 1,471-hectare Sunshine Free Trade Zone in the Ilaje area of Ondo State in July, Backbone…
By Katherine Abayomi The Federal Government’s decision to impose a 15 percent import duty on petrol and diesel has continued to generate mixed reactions across the oil and gas industry. While the policy aims to protect local refineries and promote energy security, stakeholders have warned of potential short-term economic disruptions. National President of the Petroleum…
The Nigeria Labour Congress (NLC) has directed its affiliate unions to begin urgent mobilisation and prepare for a nationwide industrial action against the Dangote Group, accusing the conglomerate of sustained anti-worker practices. This came as the nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday against the…
Labour Party presidential candidate Peter Obi has strongly criticized the federal government over the introduction of a 5% tax on all fossil fuel sales, set to take effect in January 2026. Speaking on his X platform Wednesday evening, Obi condemned the move, asserting that instead of alleviating Nigerians’ suffering, it further burdens them. Under the…
Nigeria’s downstream fuel market is being rocked by a price war, so NNPC lowers the price of gasoline to N880 per liter.