Nigeria has officially commenced the sales of crude oil and refined petroleum products in naira, the…
Category: OIL&GAS
FULL LIST: FG Exempts Gas Generators, CNG/LPG Dual Fuel Vehicles, 61 Others From VAT
The Federal Government says 63 items have been exempted from Value-Added Tax (VAT). Taiwo Oyedele, the…
Biden Warns Israel Against Striking Iran’s Oil Facilities
The President of the United States (US), Joe Biden has advised Israel to avoid targeting Iran’s…
Naira-for-Crude Deal Fails To Materialize As October 1 Deadline Lapses
There are indications that the supply of crude oil in naira by the Nigerian National Petroleum…
Nigeria to conform to OPEC’s 1.5mbpd production quota
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria would conform to…
FG Suspends VAT On Cooking Gas, Diesel
The Federal Government has announced the provision of new tax reliefs for deep offshore oil and…
Again Port Harcourt Refinery Fails To Begin Fuel Production As September Deadline Lapses
The Nigerian National Petroleum Company Limited has again failed to begin fuel production at the Port…
Says NBS, ‘Petrol Imports Dropped By 3.58bn Litres In One Year’
Importation of Premium Motor Spirit (PMS) also known as petrol dropped by 3.5 billion litres in…
Petrol landing cost drops amid naira appreciation
The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to…
Dangote To Transport Refined Products By Sea — Official Reveals
Dangote Group has said that it plans to transport refined petroleum products by sea. This announcement…