Nigeria has recorded an estimated ₦6 trillion gain from reforms in the downstream petroleum sector within the first nine months of 2025, the Federal Government has said, citing the impact of fuel market deregulation and reduced reliance on imports. The Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed this at the ongoing Nigerian International Energy Summit (NIES) in Abuja, noting that decades of heavy petroleum product importation had imposed significant economic losses on the country. Speaking at the summit, the Authority’s Chief Executive, Engr. Saidu Mohammed, said the government is prioritising domestic refining and working towards sourcing 100 per cent of Nigeria’s petroleum product needs locally. “For decades, the downstream sector has been associated with negatives — inadequate infrastructure and suboptimal supply chains,” Mohammed said. “That narrative is changing. The downstream is becoming more market-driven and is gradually attaining the stability r...
By Tessy Ogbemi Former Vice Chairman of Warri South West Local Government Council, Chief Arthur Akpodubakaye, has extended warm felicitations to Mr. Matthew Tonlagha, Chairman of Maton Engineering Nigeria Limited, as he marks his 50th birthday, describing him as a leader with a heart of gold and a life dedicated to service to humanity. In a congratulatory message made available to journalists on Monday, Chief Akpodubakaye said the golden jubilee of Mr. Tonlagha is a significant milestone that reflects a life of grace, resilience, and unwavering commitment to the wellbeing of others. According to him, Mr. Tonlagha has distinguished himself not only as a successful entrepreneur but also as an amiable leader, dependable father figure, and brother to many, whose kindness and humility have earned him admiration across communities within and outside Delta State. “Matthew Tonlagha is a man whose leadership is defined by compassion and sincerity. His heart for humanity has con...