KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has proposed sweeping new regulations aimed at strengthening Fuel Competition and preventing petroleum companies from manipulating prices, restricting supply …
fuel
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Energy TransitionIn the NewsMarketsOil & Gas
Nigeria Saves N10 Trillion Annually After Fuel Subsidy Removal
KEY POINTS Nigeria is saving more than N10 trillion every year following the removal of fuel subsidy, according to Senator Olamilekan Adeola, representing Ogun West Senatorial District. Speaking on Saturday …
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KEY POINTS Fuel queues have returned to Nigeria’s biggest cities, Lagos and Abuja, ending months of relative stability in the country’s volatile downstream market. Motorists spent hours searching for petrol …
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Nigeria is set to produce cleaner and cheaper fuel from corn and sugarcane, thanks to a landmark partnership between the state-owned oil company and a local government. The project aims …