The House of Representatives Joint Committee on Petroleum Resources (Downstream and Midstream) has intervened to halt rising tensions between the Dangote Refinery group and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The joint committee on Monday summoned Alhaji Aliko Dangote and the NMDPRA leadership to present their grievances before the committee, while both sides are ordered to cease all media hostilities pending a swift investigation.

The committees, jointly led by Hon. Ikenga Imo Ugochinyere and Hon. Henry Okogie, convened an emergency meeting to address what they described as “growing tension” threatening the stability of the downstream petroleum sector.

Ugochinyere said that the intervention was necessary to prevent further escalation at a critical time when government and industry stakeholders are working to stabilise supply, pricing, and regulation in the post-subsidy era.

“The renewed tension in the downstream sector, stemming from allegations by Alhaji Aliko Dangote against the NMDPRA, demanded urgent attention,” he said.

“The committee is committed to protecting the stability achieved in the sector.”

The lawmakers have formally invited both parties to provide detailed explanations, stressing that only a full understanding of the issues will allow the National Assembly to broker lasting solutions.

The National Bureau of Statistics (nbs) attributes the droppings in headline inflation to the rebasing exercise it carried out five months ago, with the new base year set at 2024 instead of 2009.

NBS, in the report published on its website on Monday, headline inflation further declined to 14.45 percent compared with 16.05 percent recorded in October 2025.

NBS said that the Consumer Price Index rose to 130.5 points in November 2025 from 128.9 points in October, reflecting a 1.6-point increase from the preceding month (128.9).“

Looking at the movement, the November 2025 Headline inflation rate showed a decrease of 1.6 per cent compared to the October 2025 Headline inflation rate,” the NBS report read.

On a month-on-month basis, headline inflation stood at 1.22 per cent in November, higher than the 0.93 per cent recorded in October, indicating that average prices still increased at a faster pace during the month despite the moderation in annual inflation.

The statistical agency noted that on a year-on-year basis, headline inflation in November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024, largely reflecting the effect of the rebasing exercise, with the new base year set at 2024 instead of 2009.

Data from the report showed that the average CPI for the twelve months ending November 2025 increased by 20.41 per cent compared with the average of the preceding twelve months, representing a sharp slowdown from the 32.77 per cent recorded in November 2024.

The Centre for the Promotion of Private Enterprises (CPPE) has recommended policy interventions necessary to maintain power availability for households and businesses in 2026.

CPPE in its policy brief on Power Sector, released on December 14, 2025, noted that Nigeria’s power sector remains one of the most challenging areas of the country’s economic reform agenda.

Dr Muda Yusuf , its CEO, noted :” Despite multiple reform efforts over the years, the sector continues to face deep structural, financial, and governance challenges.

These challenges are multi-dimensional, spanning political economy constraints, tariff distortions, weak investor capacity, transmission bottlenecks, and a persistent liquidity crisis across the value chain.”

Dr Yusuf emphasised that the rising power sector debt currently at about ₦4 trillion, is fiscally unsustainable without deeper structural corrections, improved transparency, and gradual but credible reform implementation.

CPPE, he said, therefore calls for decisive action by the government through the industry’s regulators , the GENCOs and the Discos, to address structural inefficiencies, improve governance, and ensure fiscal discipline.

“A balanced approach—combining short-term government support with medium- to long-term structural reform—is essential to building a financially viable, reliable, and inclusive power sector that can support Nigeria’s economic growth and development,” said Dr Yusuf.