FG Halts Plan for 15% Import Duty on Petrol and Diesel

NewsNigeriaPoliticsFG Halts Plan for 15% Import Duty on Petrol and Diesel

By Ezinwanne Onwuka (Senior Reporter)November 14, 2025

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the planned 15 per cent ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as petrol and diesel. The regulatory authority disclosed in a statement on Thursday, saying “It should be noted that the implementation of the 15 % ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in view.” Late...

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Nigeria Exceeds OPEC Quota, Oil Output Hits 1.507 Million bpd in July

NewsNigeriaOil & GasNigeria Exceeds OPEC Quota, Oil Output Hits 1.507 Million bpd in July

By Ezinwanne Onwuka (Senior Reporter)August 13, 2025

In July 2025, Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd), a modest increase from June’s 1.505 million bpd, according to OPEC’s latest Monthly Oil Market Report. This surpasses the Organisation of the Petroleum Exporting Countries’ (OPEC) quota for the third time this year. OPEC emphasised that these figures were obtained via direct communication with Nigerian authorities, boosting the country’s status as Africa’s leading oil producer, ahead of Algeria,...

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Oil Suppliers Clash With Dangote Over Plans To Bypass Traditional Fuel Distribution Network

BusinessNewsNigeriaOil & GasOil Suppliers Clash With Dangote Over Plans To Bypass Traditional Fuel Distribution Network

Uzoamaka Ikezue (Staff Reporter)August 1, 2025

…Seek FG Intervention Over Looming Job Loss The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has raised an alarm over Dangote Refinery’s imminent plan to distribute petroleum products directly to end users, bypassing established distribution networks. Benneth Korie, NOGASA’s President stated that the approach could hurt Nigeria’s fuel market, threaten thousands of jobs, and potentially result in long-term product scarcity if not carefully managed. Korie, while speaking at the association’s Annual General Meeting...

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House of Representatives Probe Slow Rollout Of CNG Policy

NewsNigeriaOil & GasPoliticsHouse of Representatives Probe Slow Rollout Of CNG Policy

Uzoamaka Ikezue (Staff Reporter)August 1, 2025

Rt. Hon. Tajudeen Abbas, Speaker of the House of Representatives, has described the Compressed Natural Gas (CNG) policy as a cornerstone of Nigeria’s clean energy transition, highlighting its potential to provide a safer, cleaner, and more cost-effective alternative to petrol, particularly in the transportation sector. Speaking at an investigative hearing convened by the House Ad-hoc Committee on the Implementation of the CNG Policy on Thursday, Abbas, represented by Hon. Sada Soli (Jibia/Kaita Federal Constituency, Katsina...

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Police Stop Natasha Access To National Assembly

NewsNigeriaPoliticsPolice Stop Natasha Access To National Assembly

Uzoamaka Ikezue (Staff Reporter)July 22, 2025

Akpabio, Appealed Court Judgement, Not Senate – Natasha As Aisha Yesufu Slams Police, Akpabio Senator Natasha Akpoti-Uduaghan, the lawmaker representing Kogi Central at the Upper Chamber of the National Assembly, has expressed concern over the refusal of security operatives to allow her access to the National Assembly on Tuesday. It will be recalled that the senator had earlier announced readiness to resume her duties at the senate on Tuesday following a Federal High Court, presided...

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First Liquefied Compressed Natural Gas Plant Inaugurated In Northeast

NewsNigeriaOil & GasFirst Liquefied Compressed Natural Gas Plant Inaugurated In Northeast

Hassan Umar Shallpella (Regional Correspondent)June 5, 2025

The federal government has inaugurated a Liquefied Compressed Natural Gas (LCNG) hub in the northeastern part of Nigeria. Ekperikpe Ekpo, the Minister of State for Petroleum Resources, while commissioning the project, explained that the facility in Yola marks a significant turning point of hope and opportunity, not only for Adamawa State but for the entire northeast region. He described the feat as a testament to the potential of public-private collaboration in advancing the Federal government’s...

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NewsNigeriaOil & GasPoliticsPANDEF Condemns Exclusion Of Niger Delta In New Mini LNG Plants

Uzoamaka Ikezue (Staff Reporter)February 1, 2025

…Seeks Immediate Review Of Plan The sociopolitical body of the South-South region, Pan Niger Delta Forum (PANDEF) has condemned the exclusion of the Niger Delta region in the siting of the newly launched five Mini Liquefied Natural Gas (LNG) plants by the Nigerian National Petroleum Company Limited (NNPCL) and the Federal Government. According to a press statement on Saturday signed by the organisation’s National Spokesperson, Olorogun Dr. Obiuwevbi Ominimini, stated that despite being the primary...

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NDYC Seeks Relocation Of Oil Companies’ Headquarters To South-South

NewsNigeriaPoliticsNDYC Seeks Relocation Of Oil Companies’ Headquarters To South-South

Uzoamaka Ikezue (Staff Reporter)January 7, 2025

The Niger Delta Youth Congress (NDYC), a socio-political organisation, has sought the relocation of oil companies’ headquarters to the South-South region of the country. NDYC also faulted what it described as longstanding systemic exploitation and marginalization of the Niger Delta region. The group had therefore called for a comprehensive action from President Bola Ahmed Tinubu’s administration to address the issue. Speaking at a briefing on Tuesday, NDYC National Coordinator, Comrade Israel Uwejeyan, noted that decades...

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Tinubu Lauds Re-opening Of Warri Refinery, Says It’s Remarkable Way To End 2024

NewsNigeriaPoliticsTinubu Lauds Re-opening Of Warri Refinery, Says It’s Remarkable Way To End 2024

Uzoamaka Ikezue (Staff Reporter)December 31, 2024

President Bola Tinubu has expressed his profound joy at the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited (NNPCL), saying it’s a remarkable way to end 2024. A press statement on Monday signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy read, “Today, the Warri Refinery returned to operation weeks after NNPC Limited restarted the 60,000 barrels per day at the Port Harcourt Refinery...

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2025: FG Targets 3Mn Barrels Per Day Crude Production

NewsNigeriaOil & Gas2025: FG Targets 3Mn Barrels Per Day Crude Production

Uzoamaka Ikezue (Staff Reporter)December 31, 2024

The Federal Government is targeting  a new crude oil production benchmark of 3 million barrels per day in 2025. Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, made the disclosure during the flagging off ceremony of Operation Delta Sanity 2, at the Nigerian Navy Ship PATHFINDER jetty in Port Harcourt on Monday, stressing that the new target is an increase from the current daily 1.8 million barrels per day. The Minister, while expressing optimism...

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