…distribution costsA sustained drop in global crude prices generally reduces what importers and marketers pay for refined petroleum products, which can eventually filter through to consumers.However, industry operators warn that any reduction at the pump will not happen overnight. Many fuel marketers are currently selli…

…(MSC) and Hapag-Lloyd of engaging in practices that create serious challenges for importers and licensed customs agents while allegedly encouraging corruption in the cargo clearance process. According to Farinto, the shipping companies submit electronic manifests indicating that all containers aboard a vessel will be d…

…Resources (Downstream) has begun efforts to resolve differences between petroleum importers and domestic refiners as part of measures to strengthen Nigeria’s downstream oil and gas sector. The committee on Tuesday held an interactive session with key industry stakeholders, including the Depot and Petroleum Products Mar…

…those naira proceeds into U.S. dollars. While dollars are being made available to importers of petroleum products, we have been unable to access the foreign exchange we need.” The situation comes against the backdrop of rising international crude oil prices. Latest market data showed that Brent crude, the international…

…at $80.55 per barrel.The global rally has already affected Nigeria’s fuel market, with importers adjusting their prices upward in response to higher landing costs.IPMAN warns of imported fuel pressureThe Independent Petroleum Marketers Association of Nigeria has urged the Federal Government and the Nigerian Midstream a…

…expanding storage facilities, and ensuring a steady foreign exchange supply for importers.Marketers release lower cooking gas pricesLegit.ng earlier reported that Nigeria's Liquefied Petroleum Gas (LPG) market is witnessing a sharp decline in prices as improved product availability across coastal depots eases the suppl…

…and aviation fuel are arriving at depots in Lagos, Warri and PH to boost fuel supplyImporters are facing higher costs after global freight rates increased by about 25% due to disruptions in the Middle EastThe recent temporary loading suspension at Dangote Refinery also pushed petrol ex-depot prices to around ₦1,200 per…

Nigerian fuel importers are under growing pressure as rising international petrol prices increase landing costsDangote Refinery's pricing has effectively set a price ceiling in Nigeria, leaving importers unable to pass on higher costs to marketersS&P Global Commodity Insights said arbitrage opportunities from Lomé have…

•No formal communication from importers —NSW Members of the Importers Association of Nigeria (IMAN) had lamented their exclusion from the National Single Window (NSW), alleging that clearing agents are exploiting importers due to the lack of knowledge about the platform. However, in a swift response, the NSW committee…

…of 2025 to 58,870 units during the same period in 2026. It said the surge reflected importers' expectations of lower duties on fully built vehicles ahead of the implementation of the new fiscal measures. The association warned that premature market liberalisation could lead to increased vehicle imports, reduced local a…

…a lawmaker from Abia, questioned whether the reduction would be enough to discourage importers from routing cargo through neighbouring countries. "If five percent has been reduced from the fee that is paid when you import goods into the country, why then do people still move their goods to Cotonou? I am aware that a lo…

…Single Window that its implementation could delay container clearance and expose importers to demurrage charges. To forestall such a situation, he said the Council immediately engaged terminal operators, shipping companies and other stakeholders. According to him, stakeholders agreed that any complaint arising from del…

…in the US market. Any availability there will be strictly through third-party online importers (such as Amazon exporters or eBay merchants) down the line. But it’s expected to be around $180 and $250 India: launched at a lower price of ₹16,999 to ₹18,999 In Kenya, prices vary widely among retailers, and some sellers mi…

…and disruption of legitimate supply movement," he said. Ekpo enjoined marketers and importers to bring in additional LPG volumes where necessary, disclose cargo arrival schedules, price products responsibly and avoid speculative withholding of supplies. He directed transporters and logistics operators to increase truck…

…involved in smuggling activities, urging them to desist from such crimes. "Unpatriotic importers and their collaborators who deliberately engage in smuggling, drug trafficking and the importation of expired pharmaceuticals are enemies of Nigeria's progress. “We have the intelligence, the technology and the resolve to i…