Few months after appointment, Tinubu sacks NMDPRA boss, picks new CEO
President Bola Tinubu has removed Mr Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in what the Presidency described as a decision taken…
FG panel proposes adding aviation fuel to naira-for-crude scheme
A federal government technical committee has recommended the inclusion of aviation fuel, also known as Jet A1, in the naira-for-crude initiative as part of efforts to stabilise supply and reduce…
FG defends OPL 245 resolution, accuses Atiku of self-interest
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has defended the Federal Government’s resolution of the long-standing dispute over OPL 245, describing it as a landmark…
Tinubu sets up task force to drive petroleum sector reforms
President Bola Tinubu has approved the establishment of a Presidential Petroleum Reform and Value Optimisation Taskforce to design and coordinate the next phase of structural reforms in Nigeria’s petroleum sector.…
Electricity supply may worsen as gas firms warn of shutdown over ₦6trn debt
Nigeria’s power situation may deteriorate further as gas suppliers threaten to halt supply to thermal power plants over mounting debts owed by power generation companies (GenCos). A source at the…
FG won’t fix petrol prices despite Middle East oil shock — Edun
The federal government has ruled out intervening to regulate petrol prices despite rising volatility in global oil markets triggered by the ongoing Middle East conflict. The Minister of Finance and…
Dangote Refinery: 47 government agencies add costs to petrol price
The managing director of the Dangote Refinery, David Bird, says the facility incurs charges from 47 government agencies, which contribute to the final pump price of petrol in Nigeria. Speaking…
Petrol price set to rise as Dangote Refinery increases gantry price to ₦1,175/litre
The cost of goods and services across Nigeria is expected to rise further following a fresh increase in petrol prices after the Dangote Petroleum Refinery raised the gantry price of…
FG resolves OPL 245 dispute with Eni, AGF says deal will strengthen Nigeria’s economy
The federal government says the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245 will strengthen Nigeria’s fiscal position and reposition the country’s economy. Lateef Fagbemi, attorney-general of…
Tinubu resolves OPL 245 dispute, paving way for 150,000 BPD deepwater project
President Bola Tinubu has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245, describing it as a historic milestone that unlocks significant deepwater investment and…
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