Senate Confirms New CEOs for Petroleum Agencies
The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of NMDPRA and NUPRC. Read about their confirmation process and the expectations for Nigeria's oil sector.
Category : Search result: petroleum sector
Ahmed defends $5M education spending, welcomes probe
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
Senators Celebrate Exit of Petroleum Regulators, Demand Change
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
Tinubu Nominates Oritsemeyiwa Eyesan as NUPRC CEO
President Bola Tinubu nominates Oritsemeyiwa Eyesan, an NNPC veteran with 33 years of experience, as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Discover her career journey and strategic impact on Nigeria's oi
Tinubu meets oil regulator chief after Dangote's allegations
President Tinubu held a private meeting with NMDPRA CEO Farouk Ahmed following explosive allegations by Aliko Dangote of corruption and economic sabotage in Nigeria's oil sector.
NMDPRA, NUPRC Chiefs Resign After Dangote's Allegations
President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.
Court dismisses suit challenging PIA host community provisions
A Federal High Court in Warri has dismissed a suit seeking to invalidate key Petroleum Industry Act provisions on host community liability. The court affirmed the Act's validity. Read the full details.
NMDPRA Chief Disowns Viral Statement on Corruption Allegations
NMDPRA boss Engr Farouk Ahmed denies authorising a viral defence against corruption claims. He opts for institutional probe over public brickbat as ICPC reviews Dangote's petition.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Dangote Seeks ICPC Probe of NMDPRA MD Over $7M
Aliko Dangote petitions ICPC, alleging NMDPRA MD Farouk Ahmed misused public funds for children's Swiss tuition. Lawyers group condemns 'media trial'. Full story.
CSOs Defend NMDPRA Against Dangote's Allegations
A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.
NASS Steps into Dangote, NMDPRA Face-Off
The House of Representatives committee has summoned Aliko Dangote and NMDPRA leaders to halt public feuding and resolve sector tensions. Read the full details.
Reps Panel Pushes for Fuel Supply Sufficiency, Downstream Efficiency
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
House of Reps Intervenes in Dangote, NMDPRA Dispute
The House of Representatives has stepped in to mediate the escalating conflict between Dangote Refinery and the NMDPRA. Both parties have been summoned to present their cases. Read the full story.
Komolafe Elected Chairman of African Petroleum Regulators Forum
Gbenga Komolafe, NUPRC CEO, elected AFRIPERF chairman. Nigeria chosen as headquarters, marking a major step for Africa's energy governance and regulatory cooperation.
NCS Seizes N181.6m Petroleum Products in Adamawa
Nigeria Customs Service intercepts smuggled fuel worth N181.6 million near Cameroon border in eight weeks. ACG Kolapo Oladeji warns smugglers face life imprisonment. NNPCL also announces another petrol price cut.
Nigeria's Economy Grows 3.98% in Q3 2025
Nigeria's economy expanded by 3.98% in Q3 2025, with services and agriculture leading growth. The non-oil sector remains a key driver. Discover the full breakdown and what it means for the nation's economic outlook.
Over 200 Players Line Up for Obaseki @ 80 Golf Tourney
More than 200 golfers will compete in the Dr. Jackson Gaius Obaseki @ 80 Golf Tournament in Benin City from December 3-6, 2025. A grand tribute to the former NNPC GMD.
Nigeria's GDP Hits 3.98% in Q3 2025
Nigeria's economy expanded by 3.98% in Q3 2025, fueled by strong performances in Agriculture, ICT, and Finance. Get the full breakdown of the NBS report and what it means for the nation's growth trajectory.
Nigeria's GDP grows 3.98% in Q3 2025, NBS reports
Nigeria's economy expanded by 3.98% year-on-year in Q3 2025, driven by services and agriculture. Get the full breakdown of sectoral performance from the NBS data.
FG Opens 50 Oil, Gas Blocks for Sale, Announces Date
Nigeria launches ambitious 50-block oil and gas licensing round starting December 1. International roadshows planned to attract global investors and boost energy sector growth.
Watchdog Defends PIA Implementation Against ₦1 Trillion Claim
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
Komolafe's Energy Reforms Win Top Commendation
NUPRC's Gbenga Komolafe receives high praise for transforming Nigeria's oil sector through transparency and regulatory reforms that boosted investor confidence.
N1.6trn Niger Delta cleanup funds lost - Reps
House Committee reveals Nigeria lost N1.6 trillion in Niger Delta cleanup funds due to PIA non-implementation. Environmental crisis worsens as communities suffer.
Dangote Refinery Expansion Targets 1.4mbpd by 2028
Dangote Group partners with Honeywell International to expand refinery capacity to 1.4 million barrels daily by 2028, boosting Nigeria's energy security and economic growth.
N850bn PIA Environmental Funds Not Implemented - Reps
House Committee warns of deepening ecological devastation in Niger Delta as Petroleum Industry Act environmental funds remain unimplemented four years after passage. Urgent action needed.
N1.65trn PIA Funds Denied to Niger Delta
House Committee exposes how Niger Delta lost N1.65 trillion in environmental cleanup funds due to PIA implementation failures. Lawmakers demand immediate action.
Reps query non-implementation of PIA environmental funds
House of Representatives committee warns of deepening ecological crisis in Niger Delta as ₦1.65 trillion environmental funds remain unimplemented four years after PIA enactment. Urgent action needed.
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