Trump Tariffs Threaten Nigeria's Economy as Oil Price Slumps - FG The CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, says the ongoing instability in global oil markets is negatively impacting Nigeria’s economy. He said while falling petroleum product prices may benefit...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has slashed the price of natural gas for power generation companies.

Nationwide Petrol Price Drop Predicted as Dangote Switches to Naira Sales   Twenty-two days after suspending the sale of petroleum products in naira, the Dangote Refinery has resumed sales of its refined petroleum products to its partners and marketers in the local currency. The 650,000 barrels facility...

FG Vows to Continue Naira-for-Crude Deal The Federal Government has confirmed that crude and refined product sales in Naira initiative will continue as a national policy. This assurance was contained in the official X (formerly Twitter) handle of the Federal Ministry of Finance on Wednesday morning...

Fuel Importers Hit with N75bn Monthly Loss After Dangote's Price Slash   Importers of Premium Motor Spirit (petrol) may lose an average of N2.5bn daily and N75bn monthly following the latest PMS price reduction announced by the Dangote Petroleum Refinery. Findings revealed that the average landing cost...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay the bridging claims.