Tag: Oil & Gas sector

Tinubu reconstitutes oil & gas regulators’ Boards

Aminu Imam
Tinubu reconstitutes

…Seeks Senate approval President Bola Tinubu has written two letters to the 10th Senate, seeking confirmation of 21 nominees for the Board of Directors of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), and the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC). In the first letter, President Tinubu nominated Senator Magnus Abe to serve as the NUPRC board chair. Abe, who represented Rivers South-East in the Senate for two terms, is a former NNPC Board member and current chairman of the National Agency of the Great Green Wall. Other nominees…

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Oil & Gas Corruption: Coalition alleges $20bn revenue diversion as Komolafe exits NUPRC

Aminu Imam
Coalition alleges revenue diversion

Fresh details have emerged over the resignation of  the immediate-past Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, following allegations of large-scale corruption and revenue concealment. Recall that President Bola Ahmed Tinubu last week accepted the resignations of Komolafe and Engr. Farouk Ahmed, former head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Recall that both men were appointed in 2021 under former President Muhammadu Buhari after the enactment of the Petroleum Industry Act, (PIA). While Farouk Ahmed has faced public corruption allegations…

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Ramalan, NBMOA BoT Chairman welcomes oil & gas shipping sector reforms

Aminu Imam
Ramalan welcomes NMDPRA Boss

…Calls for stricter reforms in embattled solid minerals sector to curb illegal mining   The Chairman, Board of Trustees (BoT), Northern Broadcast Media Owners Association (NBMOA),  has welcomed recent reforms in Nigeria’s oil and gas sector, describing them as timely and significant steps toward strengthening the industry, and repositioning the country within the global energy landscape.  The Chairman expressed appreciation for changes in the leadership of key regulatory agencies, noting that the reforms have generated optimism across the oil & gas shipping sector. In a statement issued yesterday from Cairo, Egypt,…

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‘No subsidy in oil, gas sector’ — NMDPRA

Aminu Imam
NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA ), has said there are no subsidies in the oil and gas sector, as Nigeria operates a completely deregulated market. The NMDPRA Director, Public Affairs Department, George Ene-Italy, who made this known to newsmen in Abuja yesterday, was reacting to the recent reports that the Federal Government has removed subsidies or increased the price of Compressed Natural Gas, (CNG). Recall that CNG refilling stations in the Federal Capital Territory (FCT) had, early this week, increased the product from ₦230 to ₦380…

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