West African midstream and downstream regulators have concluded plans to form a new forum to harmonise fuel prices and strengthen petroleum product trading across the region.

Dangote Refinery Now Produces 20m Litres of Fuel Daily - NMDPRA   The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Farouk Ahmed, has disclosed that the 650,000-barrel-per-day Dangote refinery has begun to transform Nigeria’s petroleum supply landscape, contributing an average of...

The importation of Premium Motor Spirit, popularly known as petrol, into Nigeria has dropped to an eight-year low in September, a new report has stated.

Marketers Fault Dangote’s 500,000-Litre Fuel Delivery Threshold   The Dangote Petroleum Refinery has introduced a minimum purchase requirement of 500,000 litres of petrol for oil marketers wishing to benefit from its free delivery scheme, sparking debates across Nigeria’s downstream petroleum sector. The refinery confirmed the new condition...

This note seeks to clarify matters arising regarding the 5% fuel surcharge in the new tax laws. The charge is not a new tax introduced by the current administration. The provision already exists under the Federal Roads Maintenance Agency (Amendment) Act, 2007. Its restatement in the new Tax Act is for harmonisation and transparency rather than immediate implementation.

From Midnight Kegs to Market Stability: A Personal Testament to Subsidy Reforms, by Dr. Bunmi Awoyemi   There was a time in Nigeria when the simple act of buying petrol was an ordeal, a trial of patience and a test of human dignity. I do not...