Oil & Gas - Abia ThinkTank News

Dec

2025

NMDPRA Boss, Farouk Ahmed, NUPRC Chief, Komolafe Resigns Amid Face-Off With Dangote

NMDPRA Boss, Farouk Ahmed, NUPRC Chief, Komolafe Resign Amid Face-off With Dangote Farouk Ahmed has resigned as Chief Executive of the NMDPRA. Also, Gbenga Komolafe has stepped down from his position as Chief Executive of the NUPRC. Both officials were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act. The development was disclosed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. STATE PRESS RELEASEEngineers Farouk Ahmed, Gbenga Komolafe resign, President Tinubu nominates successors to the Senate for approval. President Bola Ahmed Tinubu has asked the Senate…

Dec

2025

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By Abia ThinkTank

NMDPRA Boss, Farouk Ahmed, Finally Responds To Dangote’s Allegation

Columns/Opinions/Letters, Human Rights, News Flash, Oil & Gas

NMDPRA Boss, Farouk Ahmed, Finally Responds To Dangote’s Allegation The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has responded to recent claims regarding the financing of his children’s education and his integrity in office, insisting that the allegations are misleading and ill-timed. In a detailed statement, Ahmed said the allegations “necessitated this response, not because I fear scrutiny of my finances, which I welcome, but because the timing and nature of these claims demand context that only three decades of public service can provide.” Ahmed highlighted his career in Nigeria’s petroleum…

Dec

2025

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By Abia ThinkTank

Filling Stations To Sell Petrol At N739 From Tuesday – Dangote

News Flash, Economy, Oil & Gas

Filling Stations To Sale Petrol At N739 From Tuesday – Dangote Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at N739 per litre. This comes two days after the refinery slashed its petrol gantry price from N828 to N699 per litre. Speaking at a press briefing at the Lekki refinery on Sunday, the President of the Dangote Group, Alhaji Aliko Dangote, said he was aware that despite lower gantry prices, some filling stations often choose to keep pump prices high, thereby sabotaging his efforts. According to him, MRS would…

Dec

2025

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By Abia ThinkTank

Petrol Price War Turns Dirty As Dangote Attacks NMDPRA Boss

News Flash, Oil & Gas

Petrol Price War Turns Dirty As Dangote Attacks NMDPRA Boss The President of the Dangote Group, Alhaji Aliko Dangote, on Sunday alleged that the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, paid about $5m for the secondary school education of his four children in Switzerland, calling for a full investigation and public explanation. Dangote said Ahmed must appear before the Code of Conduct Tribunal to explain to Nigerians how he was allegedly able to raise $5m for his children’s school fees, accusing him of economic sabotage. Our correspondent reports that the NMDPRA dismissed a…

Nov

2025

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By Abia ThinkTank

Dangote Refinery Slashes Ex-Depot Petrol Price

Economy, News Flash, Oil & Gas

Dangote Refinery Slashes Ex-depot Petrol Price The Dangote Petroleum Refinery has slashed its ex-gantry petrol price to N828 per litre. According to sources at the refinery, the price of the product was reduced by N49 from the prior price of N877 per litre. “The refinery reduced its petrol price to N828 per litre,” a source said. The development comes amid plans by the refinery to increase its output to 1.4 million barrels per day (bpd), a scale that would surpass the world’s largest 1.36 million bpd refinery in Jamnagar, India. On November 1, the Dangote refinery said the supply of…

Oct

2025

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By Abia ThinkTank

Tinubu Approves 15% Import Duty On Petrol, Diesel

FGN, News Flash, Oil & Gas

Tinubu Approves 15% Import Duty On Petrol, Diesel President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), commonly known as petrol. The approval was contained in a letter dated October 21, 2025, where Damilotun Aderemi, the Private Secretary to the President, conveyed the directive to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). According to the letter, the decision followed a request by the FIRS seeking the president’s consent to apply a 15 percent duty on the cost, insurance, and freight (CIF) value…

Oct

2025

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By Abia ThinkTank

PENGASSAN Crisis: Dangote Refinery Redeploys Sacked Workers To Borno, Zamfara

Labour, News Flash, Oil & Gas

PENGASSAN Crisis: Dangote Refinery Redeploys Sacked Workers To Borno, Zamfara The Dangote refinery has re-employed the engineers sacked last month during the crisis between it and the Petroleum and Natural Gas Senior Staff Association of Nigeria. Our correspondent reliably gathered that the engineers were now being posted to Borno, Zamfara, Benue and others. The engineers, some of whom were still graduate trainees during their sack, were invited to pick up their re-employment/redeployment letters. The workers, who did not want to be mentioned because of how sensitive the matter is, told our correspondent that some were sent to a coal mine…

Oct

2025

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By Abia ThinkTank

President Tinubu To Commission Nigeria’s First $400m Crude Export Terminal In 50 Years

Economy, News Flash, Oil & Gas

Tinubu To Commission Nigeria’s First $400m Crude Export Terminal In 50 Years President Bola Tinubu is expected to commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, 2025. It is the first new crude export facility to be built in Nigeria in more than 50 years. The Executive Director of Legal and Corporate Services of Green Energy International Limited, GEIL, Olusegun Ilori, disclosed this in a statement on Thursday. The facility, built by GEIL, operators of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area of Rivers State, will become…

Sep

2025

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By Abia ThinkTank

Nigeria’s Dangote Refinery Petrol Lands In US For The First Time

Business, Economy, FGN, News Flash, Oil & Gas

Nigeria’s Dangote Refinery Petrol Lands In US For The First Time Nigeria’s Dangote Refinery’s premium motor spirit, PMS, has arrived in New York, United States, for the first time. According to Reuters, Sunoco and Vitol organised the shipment on Monday. The delivery on the tanker, Gemini Pearl, marks a major milestone for the 650,000-barrel-per-day Dangote refinery. Reuters reported that an additional shipment of Dangote petrol, which Glencore sold to Shell, is planned to reach New York on September 19. The deliveries represent an important achievement for the $20 billion Ibeju Lekki-based refinery. Aliko Dangote, the President of Dangote Refinery, at…

Sep

2025

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By Abia ThinkTank

NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery

Business, News Flash, Oil & Gas

NUPENG Suspends Strike As Union Reach Agreement With Dangote Refinery The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its strike following an agreement with the management of Dangote Refinery to recognise workers’ rights to unionise. The deal was reached at a closed-door meeting convened by the Department of State Services (DSS) and attended by the Minister of Finance, Wale Edun and representatives of the Nigeria Labour Congress. Acting NLC General Secretary, Benson Upah, confirmed the outcome, while the Ministry of Labour said it would issue a formal statement soon. The resolution followed a conciliation meeting convened…