The Federal Government has begun efforts to streamline more than 270 taxes, levies, and statutory charges imposed on Nigeria’s oil and gas industry, commissioning PwC to conduct a global benchmarking of the country’s fiscal regime.

The Federal Government on Monday convened a meeting with Dangote Refinery, the Federal Competition and Consumer Protection Commission (FCCPC), and major petroleum marketers to address the persistent gap between falling global crude oil prices and high domestic pump prices of Premium Motor Spirit (PMS).

Dangote Cuts Petrol Price by Another N50   The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The latest adjustment represents a N50, or 4.4 per cent, reduction from the previous...

Crude Oil Falls Below $72 as Petrol Remains Above N1,000   Crude oil prices dropped to $71.21 on Wednesday even as the Nigerian National Petroleum Company Limited (NNPCL) and other fuel marketers retained petrol prices above N1,000 per litre. According to Oilprice.com, Brent crude fell further to...

The Federal Government has ordered petroleum marketers to reduce pump prices of Premium Motor Spirit (PMS) and other products to reflect the recent fall in global oil prices.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria achieved a major investment breakthrough in 2025 with the signing of 28 new field development plans, valued at $18.2bn, which carry an estimated production potential of 1.4 billion barrels of oil.