10 articles tagged
Electricity Generation Companies (GenCos) are facing increased operational costs as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a rise in gas prices for the domestic market, affecting both the power sector and commercial consumers.
Billionaire Aliko Dangote has accused Nigeria's downstream petroleum regulator of still granting petrol import permits, warning that this practice undermines his refinery's capacity to meet national demand and could jeopardise the country's energy security. The claim contrasts with assurances from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported that Dangote Petroleum Refinery boosted its daily supply of Premium Motor Spirit (PMS) to 40.1 million litres in January, marking an increase from December's figures.
The Dangote Petroleum Refinery is urging fuel marketers to consider coastal loading options to mitigate petroleum imports, although this could result in increased costs of N75 per litre. This warning has been issued despite the refinery's operation and availability of products.
The NMDPRA has expressed serious concerns regarding Nigeria's stagnant power generation of 5,000MW, urging the need for improved gas-to-power infrastructures and domestic gas usage to foster growth.
Nigeria's government is considering reintroducing petrol and diesel import permits by mid-February to mitigate potential supply disruptions. This comes as the Dangote Refinery warns of significantly higher fuel prices if logistical costs are passed on to consumers.
The National Industrial Court of Nigeria (NICN) has ruled in favor of suspended members of PENGASSAN, directing a fresh election to address internal leadership disputes. The court's decision reinforces the significance of democratic practices within labor unions in Nigeria.
Dr. Alim Abubakre, the founder of TEXEM UK, held discussions with Saidu Aliyu Mohammed, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA).
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) highlights the potential for Nigeria to earn between $30 billion and $50 billion daily through a focused investment in the midstream sector, crucial for positioning the country as a global hub in oil and gas.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported that Dangote Refinery supplied 32.02 million litres of Petrol Motor Spirit (PMS) in December, showcasing a significant improvement in capacity utilization.
