Sam Ikeotuonye Lagos — The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, says Nigeria’s imports of the Premium Motor Spirit, PMS – more popularly known as petrol – dropped by 67 percent or 30 million litres from 44.6 million litres a day in August 2024 to 14.7 million on April 13 …
adminjagoan Nigeria plans strategic petroleum reserve to counter supply shocks
Abuja — The Nigerian government has announced plans to create a national strategic petroleum products reserve this year, to protect the economy from the volatility in the international market. While addressing the press, Farouk Ahmed, head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, outlined the initiative as …