Oil companies operating in Nigeria risk up to five percent of annual operating turnover in penalties on being found guilty of serious anti-competitive practices if a...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has licensed the Lagos Commodities and Futures Exchange (LCFE) to be facilitating the trading and clearing of...
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has said crises in Western Europe and the Mediterranean should not automatically determine petroleum...
In the bid to resolve the issues surrounding crude oil supply shortages to domestic refineries, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), are poised...
It is apparent that recent developments which threatened supply disruptions and witnessed price hikes have necessitated new policies to ensure energy security and forestall arbitrary price-fixing...
The Nigerian government is shifting focus from exporting crude oil to transform into a major hub for refined petroleum products in Africa. The Chief Executive of...
The Society of Petroleum Engineers (SPE) Nigeria Council is of the view that the country will achieve three million barrels of oil production per day by...
A call has gone to the political leadership across the Economic Community of West African States (ECOWAS) for the institution of a regional pricing benchmark for...
Nigeria’s domestic refineries have completely displaced imported Aviation Turbine Kerosene, commonly known as aviation fuel or Jet A-1, with official industry data showing that local producers...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lamented the recent approval of import licences for petroleum products, because it is worsening price volatility and...
