• Federal Government May Introduce Tax on Petroleum Products

    Federal Government May Introduce Tax on Petroleum Products

    The Federal Government has been advised to consider collecting taxes on petroleum products which is a goldmine for generating funds.

    The Petroleum Products Pricing Regulatory Agency (PPPRA) says that taxation of petroleum products like fuel, diesel, kerosene and gas holds a huge revenue potential for Nigeria.

    This is contained in a report PPRA made available to the Ministry of Finance and obtained by newsmen at the conclusion of the two-day National Revenue Retreat in Kano.

    According to Reports, PPPRA says the introduction of […]

  • 35 ships laden with petroleum products to arrive Lagos

    35 ships laden with petroleum products to arrive Lagos

    Thirty-five ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from July 19 to July 30, the Nigerian Ports Authority (NPA), said on Tuesday.

    NPA explained that the expected ships contained buck wheat, bulk sugar, general cargoes, containers, bulk charcoal, diesel, base oil, bulk salt, steel products, frozen fish and petrol.

    The News Agency of Nigeria (NAN) reports that the document noted that five ships had arrived the ports, waiting […]

  • Only good quality petroleum products are imported into the country – DPR

    Only good quality petroleum products are imported into the country – DPR

    Alhaji Saidu Muhammed, the Spokesperson for the Department of Petroleum Resources (DPR), Abuja Zonal office says all the petroleum products imported into the country are of the right standard and quality.

    Muhammed told the News Agency of Nigeria (NAN) on Friday in Abuja that all imported petroleum products were subjected to checks.

    “We have our laboratories where these products are being checked before they are discharged.

    “To the best of our knowledge, we have not received or detected any fake product in the […]

  • 21 Ships arrive lagos with petroleum products

    21 Ships arrive lagos with petroleum products

    Twenty one ships are currently discharging petroleum products and other commodities at various ports in Lagos, the Nigerian Ports Authority (NPA) said on Friday.

    The NPA said that 22 ships discharged various goods on May 31, 18 ships discharged on June 1, while 20 ships discharged on June 2.

    The News Agency of Nigeria (NAN) reports that 22 ships are currently discharging wheat, bulk fertiliser, bulk pet coke, bulk gas, Low Pure Fuel Oil, (LPFO), general cargoes, petrol, sugar, bulk gypsum and […]

  • 34 Ships with petroleum products and foods arrive Lagos ports

    34 Ships with petroleum products and foods arrive Lagos ports

    Thirty-four ships laden with petroleum products, food items and other goods would arrive at Apapa and Tin-Can Island ports in Lagos between Tuesday and June 16.

    The Nigerian Ports Authority (NPA) stated this in its publication – Shipping Position – a copy of which was made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos.

    NPA explained that the expected vessels contained buck wheat, bulk sugar, general cargoes, diplomatic call, bulk gypsum, bulk salt, containers, bulk charcoal, frozen fish […]

  • 28 ships laden with petroleum products, foods, to arrive Lagos ports

    28 ships laden with petroleum products, foods, to arrive Lagos ports

    Twenty eight ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from May 9 to May 26.

    The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available to the News Agency of Nigeria (NAN) on Monday in Lagos.

    NPA explained that the expected ships contained buck wheat, bulk sugar, general cargoes, crude palm olein, bulk charcoal, bulk gypsum, kerosene, […]

  • 26 Ships laden with petroleum products, food items, to arrive Lagos ports

    26 Ships laden with petroleum products, food items, to arrive Lagos ports

    Twenty-six ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from May 3 to May 19.

    The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, on Tuesday in Lagos.

    NPA explained that the expected ships contained buck wheat, bulk sugar, general cargoes, frozen fish, crude palm olein, bulk charcoal, bulk gypsum, containers, diesel and petrol.

    The document noted that eight ships had arrived the ports, waiting to […]

  • Why Nigeria will continue to import petroleum products even at optimum production capacity – Kachikwu

    Why Nigeria will continue to import petroleum products even at optimum production capacity – Kachikwu

    Dr. Ibe Kachikwu, Minister of State for Petroleum Resources has said that even at optimum production capacity of the Port Harcourt, Warri and Kaduna Refineries, Nigeria will continue to import petroleum products.

    This, according to him, was because the daily production capacity of the three refineries, which he said was 12 million litres per day, was grossly insufficient to meet the 45 million litres per day daily consumption capacity of Nigerians.

    Kachikwu who disclosed this yesterday in Port Harcourt, at the recommissioning […]

  • 40 ships laden with petroleum products, foods to arrive Lagos ports

    40 ships laden with petroleum products, foods to arrive Lagos ports

    Forty ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from April 22 to May 8.

    The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available to the News Agency of Nigeria (NAN) on Friday in Lagos.

    NPA explained that the expected ships contained buck wheat, empty containers, bulk salt, bulk sugar, general cargoes, containers, ethanol, diesel, base oil, […]