On Easter Monday, the Nigerian Midstream and Downstream Petroleum Regulatory Authority announced the establishment of the year 2024 Domestic Base Price and applicable wholesale price on natural gas for the strategic sectors.
The announcement saw an increase in the price of natural gas for the strategic domestic sectors including power generation companies by 11 per cent. The move is in line with the provisions of the Petroleum Industry Act, 2021, assented to by former President Muhammadu Buhari on…
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