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NIGERIAN MIDSTREAM AND DOWNSTREAM PETROLEUM REGULATORY AUTHORITY (NMDPRA)
President Muhammadu Buhari has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country.
Kayode Oluwadare believes that removing fuel subsidies without adequate social welfare programs will lead to higher fuel pump prices and inflation
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued six new regulations to guide the oil and gas industry.
Fuel supply dispatch has improved in Abuja after an initial drop between February 25 and March 3, according to latest data by NMDPRA
NNPC Limited announced on Sunday that it had evacuated 404.69 million litres of fuel between February 11 and 17.
The Federal government has assured that the fuel crisis currently experienced across the country will end in a few days, saying that about 1.3 billion litres of petrol have been imported into the country.
The Federal Government has ordered filling station operators of filling stations across the country to start accepting the use of Point of Sales (POS) machines and bank transfers for the purchase of petroleum products, threatening to sanction them for non-compliance.
The Nigerian National Petroleum Company (NNPC) Limited has said that 64.42 million liters of fuel were evacuated on a daily basis between January 28 and February 3.
They said price arbitrage between Nigeria and neighbouring countries has continued to grow due to inflation and the Russian invasion of Ukraine.
President Muhammadu Buhari has moved to find a lasting solution to the disruptions in the supply and distribution of petroleum products with the approval of the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management.
The Federal Government of Nigeria has assured Nigerians that despite the persisting fuel queues in the nation’s capital, it is still subsidizing petrol prices.
The Federal Government announced the inauguration of a new governing board for the Nigerian Upstream Regulatory Commission (NURC)...