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

Lead Investigation

Dangote refinery faults former NMDPRA leadership over excess petrol imports

Dangote Petroleum Refinery has blamed the former management of the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA) for approving petrol import licences that pushed supply beyond Nigeria’s domestic demand in November 2025. The refinery was reacting to claims that petrol imports spiked during the period due to a pricing disagreement between marketers and the […]

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Dec 09, 2025 post

BOI, NAICOM, NBS, 14 other Nigerian MDAs get zero score in efficiency ranking

SEVENTEEN Ministries, Departments and Agencies (MDAs) of the Nigerian government scored zero point in efficiency assessment carried out by the Presidential Enabling Business Environment Council (PEBEC) in its latest Business Facilitation Act (BFA) Performance Report. This implies that the MDAs are inefficient in rendering services to the people. The agencies of the government involved are: […]

Nov 13, 2025 post

Nigerian govt suspends 15% import duty on petrol as citizens heave a sigh of relief

THE Nigerian government will no longer implement the 15 percent import duty on petroleum products earlier proposed. In a statement posted on its X handle on Thursday, Director of Public Affairs Department, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr George Ene-Ita, said: “It should also be noted that the implementation of the 15 […]

Jul 19, 2024 post

Dangote Refinery has no operating license, company only 45% completed – Nigerian Regulator

CHIEF Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, has said that Dangote Petroleum Refinery does not have an operating license and is just 45 percent completed. Ahmed said this in an interview with State House correspondents on Thursday, questioning the quality of Dangote Refinery’s products. He said […]