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Senator Adams Oshiomhole celebrates the exits of Farouk Ahmed and Gbenga Komolafe and demands new leaders protect Nigerian refinery jobs and stop import-first policies Read full story below, Read more below. #ValidUpdates #Nigeria #OilSector #JobsFirst #R
Farouk Ahmed resigns after Dangote's explosive claim. Read full story below. #ValidUpdates #NMDPRA #Dangote #Tinubu #Oil.
Farouk Ahmed, Gbenga Komolafe resign as Tinubu nominates NMDPRA, NUPRC successors
The Chief Executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, have resigned from their positions. Following their resignations, President Bola Ahmed Tinubu has written to the Senate, requesting approval for the nominations of new heads for both…
$185m, N14.9b approved for NNPC, Says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed claims that it is withholding the Frontier Exploration Fund (FEF) from the Nigerian National Petroleum Company Limited (NNPCL). Head of Media and Strategic Communication, Eniola Akinkuotu, said a total of $185.1 million and N14.9 billion had already been approved. She clarified that the FEF is not held by the Commission…
Africa: Nuprc Leads Push for Unified Oil Regulations in Africa
·Nigeria, 7 others sign AFRIPERF charter Emmanuel Addeh in Abuja Nigeria and seven other African countries yesterday signed a charter to birth the African Petroleum Regulators Forum (AFRIPERF), a demonstration of the country’s leadership in Africa’s oil and gas sector. The charter seeks to enhance cooperation and collaboration among African petroleum regulators, to ensure a safe, efficient,…
House of Reps Secure $37.4 Million Debt Repayment from Seven Oil Companies
…Payment Deadline Set for August 2025 The House of Representatives Committee on Public Accounts has successfully secured a commitment from seven leading oil and gas companies in Nigeria to remit a total sum of $37,435,094.52 (approximately ₦58 billion) to the Federation Account before August 2025. This resolution follows an in-depth financial audit by the Nigerian Upstream Petroleum Regulatory…
Oil Companies Acknowledge $5.5M Debt to Federal Government
Three oil companies, Chorus Energy, Dubri Oil Company Limited, and Belema Oil, have publicly acknowledged owing the Nigerian federal government a combined sum of $5,543,491.45. This admission occurred during an ongoing investigation by the Public Accounts Committee of the House of Representatives, which was initiated following a report by the Auditor General. The Nigerian Upstream Petroleum…
Oando, Eni-AGIP, Seplat, Mobil: NUPRC replies Alhaji Abubakar Atiku
