Reps Probe ₦432bn NMDPRA Debt, Summon Oil Firms
By Oluwakemi Kindness The House of Representatives has launched an investigation into ₦432.07 billion in outstanding obligations owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) by oil companies and other entities. The probe is being conducted by the House Public Accounts Committee (PAC), following concerns raised in the Auditor-General’s annual reports over […]
PENGASSAN Demands Stricter Expatriate Quota Enforcement
By Chinedu Echianu The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for stricter enforcement of expatriate quota requirements in Nigeria’s oil and gas industry to ensure that foreign workers are engaged only where genuine skill gaps exist. The association also demanded measurable knowledge transfer and succession plans to enable qualified […]
PENGASSAN Warns Regulatory Overlaps Threaten Oil Sector
By Chinedu Echianu Confusion and overlaps in the regulatory framework governing Nigeria’s oil and gas industry are threatening investment, efficiency and stability in the sector, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned. PENGASSAN President, Festus Osifo, raised the concern at the fifth edition of the PENGASSAN Energy and Labour […]
NMDPRA Unveils Rules to End Fuel Price Fixing
By Mardiyyah Abubakar The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled draft regulations aimed at ending fuel price fixing, artificial scarcity and other anti-competitive practices in Nigeria’s petroleum sector. The proposed rules would prohibit petroleum companies from coordinating pump prices, restricting fuel supply, sharing markets, rigging bids or exchanging commercially sensitive information […]