DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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NIGERIA CUSTOMS SERVICE EXTENDS VERIFICATION EXERCISE ON IMPORT DUTY RECOVERY FOR PRIVATELY OWNED AIRCRAFT. (PHOTO). #PRESS RELEASE.

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 PRESS RELEASE 


NIGERIA CUSTOMS SERVICE EXTENDS VERIFICATION EXERCISE ON IMPORT DUTY RECOVERY FOR PRIVATELY OWNED AIRCRAFT


 1. The Nigeria Customs Service (NCS) wishes to inform the general public, particularly operators of privately-owned aircraft, that the verification exercise for the recovery of import duties on illegally imported private aircraft has been extended by one month, from Monday, 14th October 2024, to Thursday, 14th November 2024.


 2. This extension is to further engage operators who have expressed willingness to regularize their import duties, providing them with an additional window to comply with the necessary regulations. The NCS is committed to ensuring that all illegally imported aircraft meet the legal requirements, thereby promoting transparency and accountability in the aviation sector.


 3. In light of this extension, the NCS encourages aircraft operators to take full advantage of the extended period to fulfill their obligations, avoiding sanctions that may arise from non-compliance after the deadline.


 4. The Comptroller General of Customs, Bashir Adewale Adeniyi MFR, reiterates the Service’s dedication to enforcing the laws governing import duties and maintaining the integrity of Nigeria’s aviation sector. He further appreciates the cooperation and understanding of stakeholders in this ongoing exercise.


ABDULLAHI MAIWADA

Chief Superintendent of Customs

National Public Relations Officer

For Comptroller-General of Customs

14 October 2024

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