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2 clusters · 7 sources · 6 days · First seen · Last updated

Nigerian petroleum regulatory and import oversight

Overview

The Nigerian Senate Committee on Public Accounts rejected fuel import records for 2022 and 2023 provided by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The committee cited significant discrepancies between NMDPRA figures and those reported by the Nigerian National Petroleum Company Ltd. (NNPCL), with some differences exceeding 50 per cent. The committee has summoned heads of the NMDPRA, NNPCL, and the Nigeria Extractive Industries Transparency Initiative (NEITI) to reconcile the data.

Concurrently, the NMDPRA introduced Revision II of the Nigerian Gas Transportation Network Code (NGTNC) to improve market efficiency and infrastructure access. The authority also established new merit-based criteria for petrol import licences. According to NMDPRA Chief Executive Mallam Rabiu Abdullahi Umar, domestic refineries now provide approximately 75 per cent of Nigeria’s petrol supply, which has reduced imports by more than half within a year.

Entities

Nigeria · Nigerian Midstream and Downstream Petroleum Regulatory Authority · Nigerian National Petroleum Company Ltd. · Senate Committee on Public Accounts · Nigeria Extractive Industries Transparency Initiative

Timeline

  1. [BUSINESS] 3 sources
    NMDPRA updates gas transportation code and petrol import rules

    Nigeria's NMDPRA has launched a revised gas transportation code and implemented new merit-based criteria for petrol import licences to support growing domestic refining capacity.

  2. [POLITICS] 4 sources
    Nigerian Senate rejects NMDPRA fuel import records

    The Nigerian Senate has rejected NMDPRA fuel import records for 2022 and 2023 due to major discrepancies with NNPCL data, summoning agency heads to address potential fraud or errors.

Sources

ait.live · blueprint.ng · businesselitesafrica.com · energytimesng.com · nannews.ng · punchng.com · thisdaylive.com