Fuel import data mirrors domestic market turmoil
Local refiners yet deliver cost benefits to Nigerians Sopuruchi Onwuka The performance of the domestic fuel production industry dominated the latest report by the Central Bank of Nigeria (CBN) on the country’s trade performance in the past two years. Although…
Tinubu nominates 21 board members for NMDPRA, NUPRC
Sopuruchi Onwuka President Bola Tinubu has written to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The nominations were disclosed…
Petroleum regulators sacked over corruption allegations
By Sopuruchi Onwuka President Bola Ahmed Tinubu has removed the heads of Nigeria’s two key petroleum regulators, ordering the immediate exit of Engr Ahmed Farouk, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Engr Gbenga…
Will dom refining boost or burst our struggling economy?
Sopuruchi Onwuka Propositions and actual projects that portend over 3.0 million barrels per day of local refining capacity may raise serious challenges to the nation’s fiscal and economic stability, given that the emerging refining boom may impose acute foreign exchange…
Nigeria’s petrol price in top range among OPEC peers
FG’s import tariff sets new benchmark for Dangote, others Sopuruchi ONWUKA With the 15 percent tariff slammed on imported petrol and diesel, the domestic petroleum market may have lost price stabilizing force; allowing Dangote and other smaller local refiners to…
Govt enjoins lawyers to assist in regulation enforcement in petroleum industry
Sopuruchi Onwuka Federal government is seeking the collaboration of legal practitioners in the country to swift and efficient enforcement of regulations across the country’s petroleum industry where the need for effective compliance has become necessary. The Authority Chief Executive at…
Nigeria’s laying regulatory model for Africa’s petroleum industry _Komolafe
Sopuruchi Onwuka Governments of petroleum producing countries in Africa may need to adopt the well conceived and robustly developed regulatory templates that are already in operation in Nigeria as the continent works towards harmonized standards and cross border infrastructure build…
NMDPRA says govt policies transform Nigeria into regional oil hub
Sopuruchi Onwuka The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured that fiscal and operating strategies guiding then petroleum industry are course to transform the country into continental energy powerhouse. Authority Chief Executive, Engr Ahmed Farouk, who spoke…
Mr. Charles Nwachukwu is alternative dispute coordinator at NMDPRA
The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appointed Mr. Charles Nwachukwu as the Coordinator of the Midstream and Downstream Petroleum Alternative Dispute Resolution Centre (MDPADRC). The MDPADRC was established pursuant to the…
Gas can lift Africa out of poverty __Farouk Ahmed
Sopuruchi Onwuka Inability of Nigeria and other African countries to harness its huge gas resources into abundant energy is responsible for acute poverty in the continent, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),…
