The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the daily domestic supply of petrol or Premium Motor Spirit (PMS) rose to 74.2 million litres/day (ml/d) in December 2025.
https://dmarketforces.com/petrol-daily-supply-hits-74-2m-litres-in-december-nmdpra/
The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, through his legal representative, has filed a formal corruption petition against....
https://dmarketforces.com/faroukgate-dangote-takes-petition-against-ex-nmdpra-boss-to-efcc/
President Bola Tinubu has written to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (#NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (#NUPRC)
https://dmarketforces.com/tinubu-seeks-senate-confirmation-for-nmdpra-nuprc-board-nominees,/
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has asked Aliko Dangote to appear before its panel of crack investigators on Monday in Abuja over a petition written by him.
https://dmarketforces.com/icpc-invites-dangote-over-petition-against-ex-nmdpra-ceo/
Oshiomhole praises Farouk Ahmed exit and urges job creation over imports
Key Points
The Senate screened President Tinubu’s petroleum nominees on Thursday. Two agency chiefs resigned after pressure and public dispute. Senator Adams Oshiomhole praised their exits and urged action.
Image Credit: Instagram (@adamsoshiomhole) and NMDPRA Official Source.President Tinubu named Oritsemeyiwa Eyesan and Saidu Mohammed. ValidUpdates reported the Tinubu nominates new oil regulators yesterday. Oshiomhole said jobs must beat import preference in Nigeria.
Oshiomhole’s case for jobs and local refining
Oshiomhole blamed past leaders for favouring importation instead. He argued local refineries make more jobs than imports. Senators asked nominees to outline clear priorities today.
Nominees must show plans for refinery support now. Eyesan has long oil sector experience at NNPC. Mohammed brings engineering skill and board experience too.
Refinery operators warned against sudden policy shifts today. They said steady rules are vital for planning. Workers fear job losses if imports stay preferred.
Aliko Dangote filed a formal petition over licences. ValidUpdates reported the Dangote files petition prompts ICPC probe. That filing pushed lawmakers to seek more documents.
What senators pressed the nominees to explain
Senators pressed nominees on policy and past choices. They asked about refinery support and job plans. Nominees promised to prioritise national interest and workers.
Senator Jimkuta backed the call for clear plans. He said voters need proof of reform intent. The hearing will test nominees’ policy commitments soon.
Observers said a fair probe may calm market fears. Refinery owners want steady rules and more support. A clear plan could restore jobs and investor trust.
Next steps and wider impact
The Senate will vote after the screening hearings. Committees will seek documents and witness statements too. ICPC actions may follow if claims hold weight.
Industry groups urged calm and patience from all sides. They hope policy shifts protect jobs and refineries. The nominees’ records will shape market confidence ahead.
ValidUpdates will follow hearings and publish updates daily. Read our report on Dangote refinery cuts petrol price. More news will show who prioritises local jobs.
Share to friends #Dangote #NigerianJobs #NMDPRA #NUPRC #Oshiomhole #petroleumSector #Tinubu #ValidUpdates
Tinubu nominates new oil regulators after NMDPRA chief steps down
Key Points
President Bola Tinubu asked the Senate to confirm nominees. Two agency heads resigned amid a public dispute. The resignations follow broad claims and a formal petition.
Image Credit: Official State House / Nigerian Presidency (for Tinubu), NMDPRA Official Source (for Ahmed), and Dangote Group Media (for Dangote).Farouk Ahmed left his post at NMDPRA on Tuesday. Dangote filed a detailed claim with the ICPC today. More details appear in Dangote files petition prompts ICPC probe.
Why the resignations matter
The shake up raises investor concern in the oil sector. Agency change can shift licence rules and market trust. Analysts say a fair probe could restore market calm.
Lawmakers demanded documents and hearings to get answers. The House called both sides to calm things down. Committees will seek records about licences and imports.
Market players worry about sudden shifts in supply chains. Refinery operators said stable rules support long term plans. A clear probe may calm investors and traders.
Who the nominees are
Tinubu nominated Oritsemeyiwa Amanorisewo Eyesan to NUPRC as new CEO. Eyesan spent nearly thirty three years at NNPC. She led upstream operations and planning roles there.
Tinubu also named Engineer Saidu Aliyu Mohammed to lead NMDPRA. Mohammed is a chemical engineer with decades of experience. The president urged speedy Senate confirmation for both nominees.
Industry watchers said both choices bring steady work records. ValidUpdates noted recent refinery price moves and market shifts. More details appear in Dangote refinery cuts petrol price.
Both nominees have held senior posts in state firms. Eyesan retired as EVP and led upstream operations. Mohammed served on boards and advised gas projects recently.
Observers say continuity matters while probes run in parallel. The Senate will now review each nominee’s record and fitness. A quick vetting may reassure investors and workers alike.
What happens next
The ICPC confirmed it received Dangote’s formal filing today. Investigators will examine records and money flows in due course. Legal steps may follow if evidence supports the claim.
The House committees have set a hearing this week. Lawmakers will call parties to give clear info and answers. Public interest groups urged calm things down and patience.
Market reaction could ease if probes seem fair and quick. Investors watch licences and import rules for policy signals. Stable policy will help refineries and supply planning recover.
The presidency stressed smooth transitions and continuity in reforms. Officials said a fair probe can restore public trust. The president asked the Senate to act without undue delay.
Readers can follow updates on the NMDPRA Archives tag page. ValidUpdates will publish new documents and hearing notes. More reporting will track outcomes for regulators and markets.
Share to friends #AlikoDangote #FaroukAhmed #ICPC #NMDPRA #NUPRC #oilSector #Tinubu #ValidUpdates
President Bola Ahmed Tinubu has forwarded the names of two nominees to the Senate for confirmation as chief executive officers of the Nigerian Midstream and Downstream Petroleum Regulatory Authority
https://dmarketforces.com/nigerias-oil-regulators-chiefs-resign-tinubu-nominates-new-ceos/
Dangote files petition, prompts ICPC probe into NMDPRA boss
Key Points
Aliko Dangote submitted a formal petition to the ICPC today. The filing names NMDPRA head Farouk Ahmed for claims of misuse. The petition asks for arrest, investigation and prosecution.
Image Credit: Official Dangote Group source (and) Official Government source/NNPCLDangote says the regulator issued import licences that harm local refining. See recent market moves including Dangote refinery cuts petrol price. He argues these moves lower refinery viability and jobs.
What the petition alleges
The petition lists specific school fees and foreign payments. Dangote’s lawyers gave named details and payment figures. The filing estimates over seven million dollars spent overseas.
ICPC confirmed receipt and said it will review the petition. The commission’s spokesperson said standard steps will follow investigation. This includes evidence checks and interviews of named parties.
The filing links licence grants to wider market effects. It points to price and supply moves seen last week. Related reporting includes Dangote credits Ooni for clearing.
Farouk Ahmed has denied wrongdoing and called claims false. The NMDPRA boss gave a short statement through aides. He said scholarships, family funds and savings paid for schooling.
Lawmakers have asked both sides to calm public comments. The House requested documents and set a hearing this week. That move aims to seek clear info and legal steps.
Industry groups noted the case raises trust questions for investors. They worry licence rules might favour imports over local output. The debate follows recent market shifts and refinery price moves.
Analysts say a clear probe could restore market confidence. A quick, fair review would help calm industry nerves. Businesses and workers have a stake in stable policy.
The story is evolving with new filings and replies. See background in the Dangote Group archives page. Readers should expect more documents and public hearings soon.
The petition also names exact school fees and dates. Dangote’s team says the payments cannot match public wages. They request forensic checks of bank records and transfers.
NMDPRA has said it will cooperate with any lawful probe. The agency also called for due process and fair review. Officials asked public and media to avoid grand claims.
Some civil groups urged quick answers to restore trust. They pressed for open records and timely court steps. The goal is clearer rules and fair enforcement across Nigeria.
Market watchers said fuel prices reacted to recent statements. Some depots adjusted supply and dealers revised margins. That shows policy shifts can affect everyday pump costs.
Legal experts said the ICPC has clear powers to probe. They noted evidence rules and suspects’ rights must be upheld. Courts will decide outcomes after full investigation and filings.
The public reaction has been swift across social platforms. People debate fairness, policy and the future of refining. Many ask for clear info and less politicised claims.
For now, markets and lawmakers will watch ICPC actions closely. Any arrests or charges would shape public trust and policy. The case highlights tensions between private industry and regulators.
ValidUpdates will follow filings, hearings and ICPC notices. We will update this story as new material appears. Read more for background and related reporting below.
Share to friends#Dangote #FaroukAhmed #ICPC #NigeriaNews #NMDPRA #oilSector #refinery #ValidUpdates
Dangote asks ICPC to probe the NMDPRA boss Farouk Ahmed and urges arrest and prosecution. Read full story below, Read more below. #Dangote #ICPC #NMDPRA #NigeriaNews #ValidUpdates
https://validupdates.com/2025/12/dangote-files-petition-prompts-icpc-probe-into-nmdpra-boss/
Recent allegations regarding the financing of my children’s education have necessitated this response—not because I fear scrutiny of my finances, which I welcome...
https://dmarketforces.com/petrol-regulator-chief-farouk-responds-to-aliko-dangote-allegation/
The House of Representatives Joint Committee on Petroleum Resources has invited Dangote Refinery and the NMDPRA to resolve disagreements threatening the downstream petroleum sector.
https://dmarketforces.com/reps-summon-dangote-refinery-nmdpra-over-downstream-tensions/
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has called for an investigation and prosecution of...
https://dmarketforces.com/petrol-import-licences-dangote-accuses-regulator-of-sabotage/
FG Halts Implementation of 15% Import Duty on Petrol and Diesel — NMDPRA: The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the earlier proposed 15 per cent ad-valorem import duty on imported Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) is no longer in view. This was disclosed in a statement posted on the Authority’s official X (formerly Twitter) handle on Thursday by […] http://dlvr.it/TPF0vG #News #NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on investors in the oil and gas industry to diversify operations and expand beyond the South-South and South-West regions of the country.
https://dmarketforces.com/nmdpra-urges-investors-to-decentralise-nigerias-downstream-market/
The Federal Government has mandated the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify Liquefied Petroleum Gas (LPG) depots monitoring, to prevent product hoarding following ...
https://dmarketforces.com/lpg-hoarding-fg-directs-nmdpra-to-intensify-depots-monitoring/
Mr Farouk Ahmed, Authority Chief Executive, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says the authority has created Nigeria’s most transparent and predictable petroleum regulatory framework.
https://dmarketforces.com/nmdpra-boasts-of-transparent-petroleum-regulatory-framework/
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says there are no subsidies in the oil and gas sector as Nigeria operates a completely deregulated market
https://dmarketforces.com/no-subsidy-in-oil-gas-sector-nmdpra/
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported a significant decline in fuel consumption for June 2025, with total fuel evacuation falling to 1.44 billion litres.
https://dmarketforces.com/fuel-consumption-drops-16-to-1-44bn-litres-in-june-2025-nmdpra/
