President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria.The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices.In a letter dated October 21, 2025, reported publicly on October 30, 2025, and...
Day: October 30, 2025
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‘Stop fossil fuel incentives to drive energy transition’
For Nigeria to attract investment in the renewable energy sector that will boost socioeconomic development, and aid transition to renewable energy, the country must remove all tax credits on fossil fuel. This was the position of the Civil Society Legislative Advocacy Centre (CISLAC), the Nigeria Extractive Industries Transparency Initiatives (NEITI) and other stakeholders at the...
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Tullow Ghana shares strategic sector plans with Parliamentary Select Committee on Energy
Parliamentary Select Committee on Energy, led by its Chairman and Ho West MP, Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.The visit offered the lawmakers a closer look at the company’s offshore operations and its efforts to sustain and strengthen Ghana’s oil and gas...