December 1, 2025

Blog

PMS Prices are Determined by Free Market Forces—NNPC Ltd

PMS Prices are Determined by Free Market Forces—NNPC Ltd

By Babatunde Aremu

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021.… More...

PMS Prices are Determined by Free Market Forces—NNPC Ltd

PMS Prices are Determined by Free Market Forces—NNPC Ltd

By Babatunde Aremu

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021.… More...

Anti smuggling war:CG customs declare state of Emergency at Onne port over seizures worth ₦31.2 billion.

By Babatunde Aremu

The comptroller General of Nigeria customs has declared state of Emergency at Onne port over seizures worth ₦31.2 billion Naira at the port.

The comptroller General who made this declaration at a Press conference held in Onne expressed concern over repeated incidents of National security breaches unfolding at the Port.… More...

Anti smuggling war:CG customs declare state of Emergency at Onne port over seizures worth ₦31.2 billion.

By Babatunde Aremu

The comptroller General of Nigeria customs has declared state of Emergency at Onne port over seizures worth ₦31.2 billion Naira at the port.

The comptroller General who made this declaration at a Press conference held in Onne expressed concern over repeated incidents of National security breaches unfolding at the Port.… More...

Anti smuggling war:CG customs declare state of Emergency at Onne port over seizures worth ₦31.2 billion.

By Babatunde Aremu

The comptroller General of Nigeria customs has declared state of Emergency at Onne port over seizures worth ₦31.2 billion Naira at the port.

The comptroller General who made this declaration at a Press conference held in Onne expressed concern over repeated incidents of National security breaches unfolding at the Port.… More...

Trade facilitation:
Customs approves first set of AEO programme Beneficiaries

By Babatunde Aremu

In an attempt to intensify its effort to enhance the ease of doing business for compliant stakeholders, The Nigeria customs service has commenced the implementation of Authorized Economic Operators (AEO) programme benefits for the first set of approved Importers, Exporters, SMEs, Customs Licensed Brokers and Logistics Operators; effective 2nd September 2024.

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Trade facilitation:Customs approves first set of AEO programme Beneficiaries

By Babatunde Aremu

In an attempt to intensify its effort to enhance the ease of doing business for compliant stakeholders, The Nigeria customs service has commenced the implementation of Authorized Economic Operators (AEO) programme benefits for the first set of approved Importers, Exporters, SMEs, Customs Licensed Brokers and Logistics Operators; effective 2nd September 2024.… More...

Trade facilitation:Customs approves first set of AEO programme Beneficiaries

By Babatunde Aremu

In an attempt to intensify its effort to enhance the ease of doing business for compliant stakeholders, The Nigeria customs service has commenced the implementation of Authorized Economic Operators (AEO) programme benefits for the first set of approved Importers, Exporters, SMEs, Customs Licensed Brokers and Logistics Operators; effective 2nd September 2024.… More...