ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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PETROL SCARCITY HITS FCT AS NARTO STOPS LIFTING PRODUCTS. (PHOTO).

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 Petrol scarcity hits FCT as NARTO stops lifting products


Long queues resurfaced on Monday, February 19, at Premium Motor Spirit (PMS) petrol stations in the Federal Capital Territory (FCT) as the Nigerian Association of Road Transport Owners (NARTO) halted tanker operations, citing unsustainable high costs.

The association has notified the Federal Government and Major Energy Marketers Association of Nigeria of its plan to suspend operations. 

Monitoring the petrol market on Monday morning, The Nation observed that most petrol stations have shutdown.

The few Independent marketers who opened to customers dispensed the product for between N648 to N670 per litre.

The few Nigerian National Petroleum Company Limited (NNPCL) retail outlets that were opened sold the product for N617 per litre amid endless queues.

Besides, black marketers sold 10 litres for N850 in plastic containers.

Meanwhile, the NARTO President, Alhaji Yusuf Lawal Othman, who spoke with the Nation on phone confirmed that the enforcement of the suspension of operation has just begun.

He said it will culminate in complete stoppage of the haulage of the product.

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