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Finance & Economy - Page 262

President Tinubu
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Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy
December 18, 2025
NNPCL Denies Inflating Fuel Subsidy Payments
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NNPC May Spend N201 Billion To Clean Up Dirty Fuel

To clean up the 170.25 million litres of methanol-laden premium motor spirit (PMS) imported into the country, the Nigerian National Petroleum Company (NNPC) may need as much as N201 billion, an equivalent of some $480.8 million in conservative exchange rate. The Chief
February 11, 2022
Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Adulterated Petrol: 100 Million Litres Affected, Say Marketers

Emerging reports claimed that oil marketers estimated that about 100 million litres of contaminated petrol were imported into Nigeria and had been recalled by the Pipelines Product Marketing Company, a subsidiary of the NNPC. Therefore, federal government is said to overseas supplier,
February 9, 2022

NMDPRA Confirms Supply Of Petrol With Methanol Above Specification

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed petrol, with methanol quantities above Nigeria’s specification. NMDPRA disclosed this in a statement issued on Tuesday confirming concerns by Nigerians and other stakeholders over the importation of crude above Nigeria’s grade to the
February 8, 2022
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