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Nigeria’s New 15% Fuel Import Duty: Strategic Gamble or Economic Overload?
[By Sola Adebawo] The federal government’s decision to impose a 15% ad valorem import duty on Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) marks a decisive shift in Nigeria’s energy strategy. Scheduled to take effect from November 21,…
NUPRC’s Komolafe bags doctorate, leadership awards
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has bagged a professional doctorate in leadership (Energy Law) from the International Business School of Scandinavia. According to a statement from the media unit of…
Oriental Energy readies Emem FPSO for Okwok operations
Sopuruchi Onwuka Indigenous independent producer, Oriental Energy Resources Limited (OERL)is working on the final stages of converting a very large crude carrier (VLCC) into a floating production facility for deployment in operated Okwok oilfield offshore Niger Delta. The vessel conversion…
Chevron grabs 2 offshore exploration blocks in Guinea-Bissau
Chevron has officially entered Guinea-Bissau’s offshore oil and gas sector, securing exploration rights in two blocks within the MSGBC Basin — a key frontier region for West Africa’s energy development. Through its wholly owned subsidiary, Chevron Guinea Bissau Exploration I,…
Ghanaian govt sets industrial development agenda for energy industry
AOW 2025 delegated task governments on clear, stable policies Sopuruchi Onwuka Ghana has outlined an ambitious plan to harness its natural resources responsibly to achieve energy security, drive industrialization, and position itself as a leader in Africa’s economic transformation. The…
Decommissioning commission is unnecessary, govt tells NASS
Sopuruchi Onwuka Government’s policy makers, players and regulators in the petroleum industry has demanded the National Assembly to discontinue with the process of creating National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI). The Ministry of Petroleum Resources,…
NCDMB, partners engage 100 graduates in internship programme
One hundred young graduates of diverse academic disciplines have begun a Graduate Internship Programme jointly sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company (RAEC) Limited, and the Petroleum Technology Association of Nigeria (PETAN). The…
Nigeria’s petrol price in top range among OPEC peers
FG’s import tariff sets new benchmark for Dangote, others Sopuruchi ONWUKA With the 15 percent tariff slammed on imported petrol and diesel, the domestic petroleum market may have lost price stabilizing force; allowing Dangote and other smaller local refiners to…
Komolafe tasks Bank of America on oil production financing
Sopuruchi Onwuka The Nigerian Upstrean Petroleum Regulatory Commission (NUPRC) has charged the Bank of America to assist the global push for energy security by prioritizing financing support for Nigeria’s upstream sector. Commission Chief Executive, Engr Gbenga Komolafe, who hosted visiting…
Fuel import tariff: Dangote declares readiness for supply challenge
Pledges price stability during Yuletide festivities Sopuruchi Onwuka Africa’s leading petroleum refiner, Dangote Petroleum Refinery, has restated it resolve to sustain steady flow of key transportation fuels in the domestic market, assuring that its plant output capacity currently exceeds immediate…
