The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has taken custody of five tankers seized by the Nigeria Customs Service, NCS, over the alleged diversion of Automotive Gas Oil, AGO, commonly known as diesel.The spokesperson for the NCS’s Operation Whirlwind, Hussaini Abdullahi disclosed thi…

…was working with the Ministries of Environment and Health, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Department of Geology at Olabisi Onabanjo University to establish the cause of the emissions. Abiodun said gas analysers had been installed in affected schools after the first inciden…

…resolution, the House directed the Federal Road Safety Corps, the Nigerian Midstream and Downstream Petroleum Regulatory Authority and other relevant agencies to investigate the circumstances surrounding the tanker accident, fuel spillage, evacuation efforts and subsequent fire outbreak. The agencies were also asked to…

…is also reflected in Nigeria’s LPG market. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Nigeria imported about 500,000 metric tonnes (MT) of LPG in 2021 and 800,000 MT in 2022, while total consumption stood at about 800,000 MT and 1.4 million MT respectively. In 2023, impor…

…that a short-term price reduction may not address the underlying challenges in the downstream petroleum sector. We don’t have enough crude oil for Dangote – Oyedele

…to strengthen monitoring of consumer-protection and competition concerns in the downstream petroleum market, investigate credible complaints and enforce relevant laws where violations were established. NANS acknowledged that the FCCPC did not directly set petrol prices in a deregulated market but maintained that its co…

…of crude oil per day, according to available industry data. The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said the country consumes roughly 60.2 million litres of petrol daily.Duke said the pricing model would ease the financial pressure fuel costs place on Nigerians and form a central part o…

…have reduced their petrol pump prices as competition intensifies in the country's downstream petroleum market.Checks by Legit.ng showed that MRS and Ardova filling stations in Lagos have reduced their petrol prices to N1,355 per litre.Petrol prices drop again as MRS and Ardova cut pump prices Photo: BloombergImagesThe…

…significantly during the period, according to an analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s monthly fact sheet. The data analysed on Friday showed that domestic aviation turbine kerosene receipts averaged about 3.1 million litres daily over the eight months, with supplies falling…

…market trends.The Federal High Court in Abuja has ruled that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) must continue issuing petroleum products import licences to Matrix Energy, A.A. Rano and AYM Shafa.Justice Inyang Ekwo delivered the judgment on Monday in a suit brought by the thre…

…ownership of all three aircraft to the government.Dantata founded MRS Holdings, the downstream petroleum group with fuel stations across Nigeria, and belongs to the Kano-based Dantata business family. Customs seeks ownership and disposal powersThe motion, dated June 2026, seeks final seizure, condemnation and forfeitur…

…marketing arrangement.The move is expected to reshape competition in Nigeria's downstream petroleum sector.All qualified marketers can now purchase products directly from its loading gantry, widening access to locally refined petrol.

…energy, stocks, investment, and the economy for over a decade.The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed new rules to tackle price fixing, abuse of market dominance and other practices that undermine competition in Nigeria’s petroleum industry.The draft regulations would…

…b/d supplied to domestic refineries in July, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).Nigeria Gets More Petrol From Dangote Refinery as Crude Supply to Local Refineries Surges>PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The regulator…

…from 585,000b/d in July, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The Authority revealed this in its August 2026 Midstream and Downstream Sector Factsheet released yesterday which showed that crude supply to domestic refineries increased by 16.75 p…

…nor economically prudent."The appropriate policy direction is to preserve the downstream petroleum reforms while aggressively mitigating their social and economic costs."He argued that the debate should shift from whether to restore subsidies to how governments at all levels are deploying the revenues freed by their re…

…of governance,” he said. He also expressed concerns about the structure of Nigeria’s downstream petroleum market, noting that it had elements of oligopoly and monopoly that could make it easier for major players to influence prices. According to him, regulatory agencies must prevent any individual or group from having…

…pump prices nationwide. According to him, the Federal Government’s intervention in the downstream petroleum sector should not be seen as a fuel subsidy. “We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices. “The government should intervene with Nigerian refiners, and…

…specifications of products entering the Nigerian market. The concerns come as Nigeria’s downstream petroleum sector undergoes a structural transition from longstanding import dependence towards greater domestic refining. With a capacity of 700,000 barrels per day, Dangote Petroleum Refinery has emerged as a major suppl…

…have accused Ikenga Ugochinyere, Chairman of the House of Representatives Committee on Downstream Petroleum, of turning Nigeria's refinery rehabilitation programme into a political instrument ahead of the 2027 general elections.TMA President Mustapha Mohammed made the accusation in a statement on Sunday, August 30, res…

…Dare further cautioned that preferential crude pricing could distort competition in the downstream petroleum sector, adding that such an arrangement could risk creating artificial monopolies, destabilising smaller indigenous modular refiners and conflict with the deregulatory provisions of the Petroleum Industry Act. H…

…comes as motorists continue to monitor petrol prices amid fluctuations in the downstream petroleum market.For independent marketers, reducing the amount of money spent on logistics could provide additional room to compete on retail prices while maintaining their businesses.IPMAN wants northern states includedDespite ap…

…petrol at the same price.Still, the expansion marks another major shift in Nigeria’s downstream petroleum market as Dangote Refinery seeks to move more locally refined petrol directly to marketers while cutting the costs associated with distribution.Landing cost: Dangote's new petrol price N53 lower Legit.ng earlier re…

…consequently putting pressure on depot operators and could intensify competition in the downstream petroleum market.Depots hike petrol pricesLegit.ng earlier reported that petrol depot prices rose across Nigeria's key petroleum hubs on Tuesday, August 11, 2026, as global crude oil prices pushed towards $90 per barrel,…

…on NNPC's pricing strategy as competition intensifies across Nigeria's deregulated downstream petroleum market.Analysts rule out fresh petrol subsidyFinancial analyst Osas Igho said NNPC's lower price should not automatically be interpreted as a return of petrol subsidy.According to him, NNPC also sources petrol from t…