Posts

West Africa: Nigeria’s Crude Exports Hit N12.8tn, Oil Trade Drives Q3 External Balance/in /by
[This Day] Abuja -- Nigeria's crude oil exports climbed to N12.81 trillion in the third quarter of 2025, reaffirming the commodity's dominance in the country's external trade and anchoring a strong oil-led performance in imports and exports during the period under review.
Nigeria: Senate Endorses $60 Oil Benchmark, Crude Price Falls to $59/Barrel/in /by
[This Day] The Senate yesterday approved some far-reaching recommendations of its Committee on Finance on the 2026-2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), backing a lower and more realistic crude oil benchmark of $60.
Nigeria: Experts Urge TotalEnergies to Settle $285m Tribunal Award to NNPCL/in /by
[Vanguard] Abuja -- Energy law experts have urged TotalEnergies EP Nigeria Limited to comply with a tribunal ruling ordering it to pay the Nigerian National Petroleum Company Limited (NNPCL) $285.2 million, describing the award as a landmark affirmation of Nigeria's legal and contractual framework.
Nigeria: NMDPRA CEO Denies Responding to Dangote’s Fund Mismanagement Claims/in /by
[Leadership] The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed has disowned a statement circulating in the media and on social platforms in which he was quoted as responding to allegations levelled against him by the Chairman of the Dangote Group, Aliko Dangote.
Nigeria: NMDPRA’s CEO Disowns ‘Response’ to Dangote Allegations, Clarifies Position/in /by
[Premium Times] "Thankfully, the person behind the allegations has taken it to a formal investigative institution. I believe that would provide an opportunity to dispassionately distill the issues and to clear my name," Mr Ahmed said.
Nigeria: Buhari Deferred Fuel Subsidy Removal Over Riot, Coup Fears – Book/in /by
[Leadership] Former President Muhammadu Buhari deferred the removal of fuel subsidy in the final months of his administration after security concerns were raised over the potential consequences of such a move.
Nigeria: Senate Slashes Oil Benchmark to $60, Backs N54.46trn 2026 Spending Plan/in /by
[Leadership] The Senate on Tuesday adopted far-reaching recommendations of its Committee on Finance, approving a downward review of Nigeria's crude oil benchmark to $60 per barrel for 2026 and endorsing a N54.46 trillion federal spending framework aimed at insulating the economy from global volatility.
Nigeria: Dangote Seeks Arrest, Trial of Downstream Authority CEO in Petition to Anti-Graft Commission/in /by
[Leadership] The chairman of Dangote Group, Aliko Dangote, has formally submitted his petition against the managing director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), accusing him of corruption and financial impropriety.
Nigeria: ICPC Acknowledges Dangote’s Petition Against NMDPRA Boss, Promises to Probe/in /by
[Vanguard] The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed receipt of a petition filed by industrialist Aliko Dangote against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk.
Nigeria: ICPC Acknowledges Dangote’s Petition Against NMDPRA Boss, Promises to Probe/in /by
[Vanguard] The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed receipt of a petition filed by industrialist Aliko Dangote against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk.