NMDPRA EXPLAINS WHY THE AUTHORITY CANNOT FIX PETROL PRICES IN NIGERIA. (PHOTO). #PRESS RELEASE.

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  NMDPRA explains why the Authority cannot fix petrol prices in Nigeria THE AUTHORITY  PRESS STATEMENT NMDPRA DOES NOT FIX PETROL PUMP PRICE UNDER THE PETROLEUM INDUSTRY ACT (PIA)    The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) acknowledges the deep financial strain and difficulties many Nigerians are experiencing following the recent rise in Premium Motor Spirit (PMS) pump prices. We are fully sensitive to the pressure this places on households, transport workers, and businesses across the country, and we share in the commitment to seeing relief take root as market conditions stabilise. To provide clarity on the statutory framework governing our operations and the active steps being taken to protect consumers, the Authority states as follows: 1. Statutory Market Framework Pursuant to the Petroleum Industry Act (PIA) 2021: Section 205(1) provides that wholesale and retail prices of petroleum products shall be based on unrestricted fre...
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SUPER FALCONS BOW OUT OF OLYMPICS AFTER 3:1 DEFEAT TO JAPAN.(PHOTO)

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 S’Falcons bow out of Olympics after 3:1 defeat to Japan. Super Falcons of Nigeria have crashed out of the Paris 2024 Olympics after losing 3:1 to Japan on Wednesday..


Japan raced to two goals up by Maika Hamano and Mina Tanaka in the opening minutes before wrapping up the victory with another goal by Hikaru Kitagawa after Jennifer Echegini thought she had given the Nigerians a lifeline..


Nadeshiko Japan finished as Group B runner-up, two points behind World Champions, Spain who beat Brazil 2:0..


Echegini replacing Esther Okoronkwo in the line-up had her beautiful goal the only shining light in another below-par performance by Randy Waldrum’s team..

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