[Vanguard] The House of Representatives has received and approved a petition from a socio-cultural group, Ezi Umuada Igbo, calling for the removal of Sophia Mbakwe, the Executive Vice President (Business Services) of the Nigerian National Petroleum Company Limited (NNPCL), over claims that she is occupying a slot meant for the South East region while allegedly not being from the zone.
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[Namibian] The petroleum exploration and production bill, which was set for tabling on Wednesday, was objected by several members of the National Assembly.
[Daily Trust] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that Project One Million Barrels Initiative, launched in 2024, is to actively ramp up crude oil production by reactivating dormant fields, fast-tracking regulatory approvals, and enhancing operational efficiencies across the upstream value chain.
[Daily Trust] Marketers and some stakeholders in the downstream sector of the oil and gas industry yesterday welcomed the suspension of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), also known as petrol and diesel.
[Leadership] The suspension of the planned implementation of a 15 per cent ad-valorem import duty on petrol and diesel imports has generated mixed reactions across the industry and economic stakeholders.
[Daily Trust] The recently introduced 15 per cent ad valorem levy on petrol and diesel imports, as approved by President Bola Tinubu, may be well-intentioned in its aim to protect local refineries and promote self-reliance in fuel production. However, the timing and design of this policy raise serious concerns about its economic and social consequences for ordinary Nigerians.
[Vanguard] --Urges Tinubu to Protect Local Industries
[Daily Trust] The Peering Advocacy and Advancement Centre in Africa (PAACA) yesterday urged the Federal Government to delay the planned introduction of a 15 per cent import tariff on petrol and diesel.
[This Day] The federal government has reiterated that Nigeria's 'Decade of Gas' programme spanning 2021-2030 has so far unlocked about 215 strategic upstream and midstream gas projects worth over $8 billion investments in the last 18 months, with additional $20 billion expected in the coming years.
[Nyasa Times] The Ministry of Agriculture has rolled out the 2025/26 Farm Inputs Subsidy Programme (FISP), setting the stage for what could be one of the most critical tests of the Democratic Progressive Party (DPP) administration's commitment to food security and rural development.
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