NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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NMDPRA halts new petrol import licences as local production meets demand

THE Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has suspended the issuance of new petrol import licences, citing sufficient domestic supply from local production. The regulator disclosed the development in its February 2026 State of the Midstream and Downstream Fact Sheet, which showed that no fresh licences were issued during the month. Data from […]

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