Echotitbits – Nigeria News

Tag: NMDPRA

  • ICPC summons Dangote as petition over alleged $7m school-fees spending enters probe phase

    ICPC summons Dangote as petition over alleged $7m school-fees spending enters probe phase

    Photo Credit: The Nations
    2025-12-21 08:30:00

    In an update published by The Nation, the ICPC has invited Aliko Dangote in connection with his petition against the immediate past NMDPRA boss over allegations tied to public funds and overseas school fees.

    The report says the invitation is linked to preparations for a formal investigation panel, as the matter fuels debate about accountability in high-value regulatory offices.

    At the center is an allegation that more than $7 million was spent on children’s education abroad, prompting calls for a lifestyle and governance audit around the regulator.

    Premium Times confirmed Dangote “formally submitted a petition,” while ThisDay reported the petition “alleged that Ahmed spent over $7 million” on education-related expenses.

    Echotitbits take:
    High-profile petitions only matter if evidence is traceable. Watch for payment trails, asset declarations, and whether the probe expands into institutional controls that enabled the alleged spending.

    Source: The Nation — December 21, 2025 (https://thenationonlineng.net/icpc-invites-dangote-over-7m-school-fees-claim-against-ex-nmdpra-boss/)
    The Nation 2025-12-21

  • Nigeria’s gas supply rises in November as regulator cites higher plant utilisation

    Nigeria’s gas supply rises in November as regulator cites higher plant utilisation

    Photo Credit: The Punch
    2025-12-14 00:10:00

    According to The Punch, Nigeria’s average daily gas supply climbed to 4.684 billion standard cubic feet per day in November 2025, up from October levels, based on operational data released by the NMDPRA.

    The regulator attributed the improvement to higher utilisation across major processing hubs and steadier volumes, including export supply from Nigeria LNG in Bonny.

    Rising gas supply can support power generation and industrial activity, but sustained gains will depend on infrastructure reliability and getting gas to priority domestic users.

    MoneyCentral reported the factsheet shows domestic gas supply “hit 4.684 billion standard cubic feet per day (Bscf/day).” The Punch similarly stated the figure was “4.684 billion standard cubic feet per day” for November.

    Echotitbits take:
    The next test is whether higher volumes translate into better electricity and industrial output—not just export stability. Watch monthly NMDPRA data, NLNG feedgas stability, and any pipeline constraint updates.

    Source: The Punch — December 14, 2025 (https://punchng.com/gas-supply-improved-in-nov-says-nmdpra/)
    The Punch 2025-12-14

  • Regulators Exit as Dangote–NMDPRA Dispute Rattles Nigeria’s Fuel Market

    Regulators Exit as Dangote–NMDPRA Dispute Rattles Nigeria’s Fuel Market

    2025-12-18 00:00:00

    According to Punch, Nigeria’s petroleum sector was jolted by the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), amid an escalating dispute tied to Dangote Refinery’s allegations and petition.

    The report says the resignations followed weeks of public tension over fuel import licensing, pricing dynamics, and regulatory oversight, with marketers warning that uncertainty could deepen the squeeze on downstream operators.

    Punch notes that Dangote’s petition to the ICPC alleging questionable wealth and conduct by the NMDPRA chief added pressure to an already heated standoff, even as government moved to nominate replacements for both agencies.

    ICPC, in a public notice, confirmed it had received “a formal petition” against the NMDPRA CEO and said “the petition will be duly investigated.” (ICPC)

    Reuters also reported the shake-up as a major signal to investors watching the refining and downstream market, quoting an energy lawyer who said the developments were not expected to “adversely affect investor confidence.” (Reuters)

    Analysis/Echotitbits take: A regulator shake-up in the middle of a pricing war raises fresh questions about policy consistency under the Petroleum Industry Act. Watch for what the Senate confirmation hearings reveal—especially on import licensing, market competition rules, and how government balances energy security with private refining ambitions.

    Source: Punch — December 18, 2025 (https://punchng.com/petrol-war-fallout-nmdpra-nuprc-bosses-resign-as-dangotes-petition-rocks-sector/)

    Photo credit: Punch

  • ICPC confirms receipt of Dangote petition against NMDPRA chief, says it will investigate

    ICPC confirms receipt of Dangote petition against NMDPRA chief, says it will investigate

    NMDPRA (as credited by Punch)
    2025-12-17

    The anti‑corruption agency ICPC says it has received a formal petition from billionaire industrialist Aliko Dangote against the chief executive of Nigeria’s downstream regulator, the NMDPRA, amid an intensifying dispute over fuel imports and regulation.

    The petition escalates a broader public battle between Dangote’s refinery interests and the regulator over licensing and market rules, with significant implications for Nigeria’s fuel pricing, import dependence and local refining strategy.

    Regulatory credibility is on the line: allegations of misconduct, if substantiated, could trigger leadership changes and policy shifts; if unproven, the episode could still deepen mistrust in the governance of the downstream sector.

    The coming days will likely feature competing narratives, lobbying from marketers, and calls for transparent disclosure around licences, volumes and pricing benchmarks.

    ICPC: “it received a formal petition… The ICPC wishes to state that the petition will be duly investigated.”

    Reuters: “You don’t use imports to checkmate domestic potential,” Dangote told reporters.

    Analysis/Echotitbits take: This is now bigger than personalities — it’s a test of Nigeria’s downstream reform story. Watch for ICPC’s investigative steps, any interim actions, and whether government moves to calm market nerves around supply and pricing.

    Source: Punch — December 17, 2025 — https://punchng.com/petrol-battlefield-icpc-plans-nmdpra-boss-probe-after-dangote-petition/

     

  • Petrol pricing dispute deepens as Dangote pushes for probe of NMDPRA chief

    Petrol pricing dispute deepens as Dangote pushes for probe of NMDPRA chief

    2025-12-15 01:06:00

    According to The Punch, the petrol market dispute between Dangote and the downstream regulator escalated as Dangote called for a probe of the NMDPRA boss, alleging sabotage and impropriety in the ongoing pricing and supply tensions.

    The story outlines claims and counter-claims around access, pricing, and oversight in Nigeria’s post-subsidy downstream landscape, with stakeholders watching for regulatory response.

    The development comes as consumers and marketers track pump prices amid volatility, while policymakers weigh competition and transparency in the sector.

    Analysis/Echotitbits take: This is a credibility test for downstream regulation. The next signals to watch are any official inquiry, clarifications from NMDPRA, and whether the dispute affects depot-to-retail supply or triggers fresh price adjustments.

    Source: THISDAYLIVE — December 15, 2025 — https://www.thisdaylive.com/2025/12/15/dangote-nmdpra-ceo-must-be-probed-prosecuted-for-graft-economic-sabotage/

    Photo credit: THISDAYLIVE

    THISDAYLIVE https://www.thisdaylive.com/2025/12/15/dangote-nmdpra-ceo-must-be-probed-prosecuted-for-graft-economic-sabotage/ December 15, 2025

  • Dangote partners move to N739/litre petrol as price-cut campaign widens

    Dangote partners move to N739/litre petrol as price-cut campaign widens

    2025-12-15 08:00:00

    According to The Punch, partners of the Dangote Petroleum Refinery including MRS are set to begin retailing petrol around ₦739 per litre, following a reduction in the refinery’s ex-depot price and renewed pressure to reflect lower costs at the pump.

    The report says Aliko Dangote argued that some outlets keep prices elevated even after gantry cuts, and that the refinery will push supply and enforcement—starting with partner stations—to make the new pricing regime visible to consumers.

    Punch also reports Dangote raised concerns about the issuance of import licences and warned that continued large-scale imports could undercut local refining investments, especially as refineries scale output into 2026.

    Analysis/Echotitbits take: If the pump price resets stick, it will test how quickly pricing transmits from depot to retail and how regulators manage imports versus local supply. Watch for independent marketers’ adoption rate, regional pricing gaps, and any policy moves on import licences or crude allocation.

    Source: The Punch — December 15, 2025

    The Punch https://punchng.com/dangote-names-n739-as-new-petrol-pump-price/ December 15, 2025

  • Nigeria Issues First Gas Trading Licence to Deepen Market Liquidity

    Nigeria Issues First Gas Trading Licence to Deepen Market Liquidity

    Photo Credit:Punch Newspapers

    The Federal Government has approved the country’s first gas trading licence aimed at boosting liquidity and transparent pricing in the domestic gas market. The Nigerian Midstream and Downstream Petroleum Regulatory Authority said the new framework will allow licensed entities to aggregate and trade gas volumes across multiple contracts and buyers.

    Officials believe the regime will attract fresh investments into gas infrastructure, enhance market competition and support power generation, industries and household consumption. The step also aligns with Nigeria’s gas‑as‑transition‑fuel strategy and broader plans to diversify revenues away from crude oil.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • NNPCL Imports Lift Petrol Supply to 71.5m Litres Daily

    NNPCL Imports Lift Petrol Supply to 71.5m Litres Daily

    NMDPRA data show national petrol supply rose to 71.5 million litres per day in November 2025, up from 46 million in October, largely due to NNPCL imports. Authorities say the build-up aims to meet festive-season demand.

    The Nation, 11 Dec 2025