The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27.

https://dmarketforces.com/regulator-sets-deadline-for-oil-licensing-round-registration/

#OilLicencing #NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has assured prospective investors of a transparent, merit-based, and competitive process for Nigeria’s 2025 Oil and Gas Licensing Round.

https://dmarketforces.com/nuprc-assures-investors-transparency-in-50-oil-blocks-licensing/

#NUPRC #OilblocksLicensing

President Bola Tinubu has written to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (#NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (#NUPRC)

https://dmarketforces.com/tinubu-seeks-senate-confirmation-for-nmdpra-nuprc-board-nominees,/

An Independent Corrupt Practices and Other Related Offences Commission (ICPC) has ranked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), under Mr Gbenga Komolafe...

https://dmarketforces.com/nuprc-under-komolafe-most-transparent-agency-icpc/

#NUPRC #ICPC #GbengaKomolafe

Oshiomhole praises Farouk Ahmed exit and urges job creation over imports

Key Points

• Oshiomhole hailed the resignations as vital for jobs. He said industry must favour local refining over importation.

• Senator Jimkuta backed Oshiomhole and pressed nominees today. He asked them to explain their reform plans.

• The nominees face Senate screening and tough questions. Lawmakers want clear priorities for local refineries and workers.

The Senate screened President Tinubu’s petroleum nominees on Thursday. Two agency chiefs resigned after pressure and public dispute. Senator Adams Oshiomhole praised their exits and urged action.

President Tinubu named Oritsemeyiwa Eyesan and Saidu Mohammed. ValidUpdates reported the Tinubu nominates new oil regulators yesterday. Oshiomhole said jobs must beat import preference in Nigeria.

Oshiomhole’s case for jobs and local refining

Oshiomhole blamed past leaders for favouring importation instead. He argued local refineries make more jobs than imports. Senators asked nominees to outline clear priorities today.

Nominees must show plans for refinery support now. Eyesan has long oil sector experience at NNPC. Mohammed brings engineering skill and board experience too.

Refinery operators warned against sudden policy shifts today. They said steady rules are vital for planning. Workers fear job losses if imports stay preferred.

Aliko Dangote filed a formal petition over licences. ValidUpdates reported the Dangote files petition prompts ICPC probe. That filing pushed lawmakers to seek more documents.

What senators pressed the nominees to explain

Senators pressed nominees on policy and past choices. They asked about refinery support and job plans. Nominees promised to prioritise national interest and workers.

Senator Jimkuta backed the call for clear plans. He said voters need proof of reform intent. The hearing will test nominees’ policy commitments soon.

Observers said a fair probe may calm market fears. Refinery owners want steady rules and more support. A clear plan could restore jobs and investor trust.

Next steps and wider impact

The Senate will vote after the screening hearings. Committees will seek documents and witness statements too. ICPC actions may follow if claims hold weight.

Industry groups urged calm and patience from all sides. They hope policy shifts protect jobs and refineries. The nominees’ records will shape market confidence ahead.

ValidUpdates will follow hearings and publish updates daily. Read our report on Dangote refinery cuts petrol price. More news will show who prioritises local jobs.

Tinubu nominates new oil regulators after NMDPRA chief steps down

Key Points

• Two agency chiefs resigned after public pressure and claims. Tinubu sent two nominees for Senate confirmation immediately.

• Dangote lodged a formal claim and filed a petition. The move sparked probes by oversight bodies and lawmakers.

• New nominees bring long oil sector careers and experience. The Senate must consider the picks without delay.

President Bola Tinubu asked the Senate to confirm nominees. Two agency heads resigned amid a public dispute. The resignations follow broad claims and a formal petition.

Farouk Ahmed left his post at NMDPRA on Tuesday. Dangote filed a detailed claim with the ICPC today. More details appear in Dangote files petition prompts ICPC probe.

Why the resignations matter

The shake up raises investor concern in the oil sector. Agency change can shift licence rules and market trust. Analysts say a fair probe could restore market calm.

Lawmakers demanded documents and hearings to get answers. The House called both sides to calm things down. Committees will seek records about licences and imports.

Market players worry about sudden shifts in supply chains. Refinery operators said stable rules support long term plans. A clear probe may calm investors and traders.

Who the nominees are

Tinubu nominated Oritsemeyiwa Amanorisewo Eyesan to NUPRC as new CEO. Eyesan spent nearly thirty three years at NNPC. She led upstream operations and planning roles there.

Tinubu also named Engineer Saidu Aliyu Mohammed to lead NMDPRA. Mohammed is a chemical engineer with decades of experience. The president urged speedy Senate confirmation for both nominees.

Industry watchers said both choices bring steady work records. ValidUpdates noted recent refinery price moves and market shifts. More details appear in Dangote refinery cuts petrol price.

Both nominees have held senior posts in state firms. Eyesan retired as EVP and led upstream operations. Mohammed served on boards and advised gas projects recently.

Observers say continuity matters while probes run in parallel. The Senate will now review each nominee’s record and fitness. A quick vetting may reassure investors and workers alike.

What happens next

The ICPC confirmed it received Dangote’s formal filing today. Investigators will examine records and money flows in due course. Legal steps may follow if evidence supports the claim.

The House committees have set a hearing this week. Lawmakers will call parties to give clear info and answers. Public interest groups urged calm things down and patience.

Market reaction could ease if probes seem fair and quick. Investors watch licences and import rules for policy signals. Stable policy will help refineries and supply planning recover.

The presidency stressed smooth transitions and continuity in reforms. Officials said a fair probe can restore public trust. The president asked the Senate to act without undue delay.

Readers can follow updates on the NMDPRA Archives tag page. ValidUpdates will publish new documents and hearing notes. More reporting will track outcomes for regulators and markets.

President Bola Ahmed Tinubu has forwarded the names of two nominees to the Senate for confirmation as chief executive officers of the Nigerian Midstream and Downstream Petroleum Regulatory Authority

https://dmarketforces.com/nigerias-oil-regulators-chiefs-resign-tinubu-nominates-new-ceos/

#FaroukAhmed #GbengaKomolafe #NMDPRA #NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set the signature bonus for oil blocks to between $3 million and $7 million in the ongoing 2025 petroleum licensing round

https://dmarketforces.com/nigerian-upstream-regulator-reduces-oil-blocks-signature-bonus/

#NUPRC #OilBlockSignatureBonus

The African Petroleum Regulators Forum (AFRIPERF) has unanimously adopted Nigeria as its official headquarters and also elected the Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission

https://dmarketforces.com/nigeria-to-host-african-petroleum-regulators/

#AFRIPERE #NUPRC