NMDPRA, Oil Producers Disagree on Petroleum Levy Collection   Oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday expressed diverse opinions over who should collect the 0.5 per cent wholesale price levy imposed on petroleum products by the Petroleum Industry Act. While...

FG Approves Licence for Construction of 27,000bpd Refinery The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development...

Customs Impounds 67,000 Litres of PMS Worth N84m   Amid the fuel hike in fuel price in Nigeria, Operation Whirlwind of the Nigeria Customs Service (NCS) has intercepted 67,000 litres of Premium Motor Spirit (PMS) otherwise known as petrol, valued at N84, 870,000,000 from smugglers. In a...

Nigeria Expands Local Refining With Four Modular Refineries, New Licenses   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday gave an update on Nigeria’s local refining capacity, saying there is an expansion with the issuance of nine Licenses to Establish (LTEs), seven Licenses to...

Nigeria Loses 362.28m Barrels of Crude to Sabotage — NEITI   A new report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has indicated that Nigeria lost 362.28 million barrels of crude oil due to measurement errors, sabotage, and production adjustments between 2014 and 2023. This implies...

NNPC: Transparency and Open Communication Imperative By Umar Farouk Bala After months of denying responsibility, the Nigerian National Petroleum Company (NNPC) finally acknowledged that it had accumulated significant debts to its international fuel suppliers amidst prolonged petrol shortages and skyrocketing prices of Premium Motor Spirit (PMS). The...