Browsing: NUPRC

Ahead of the exercise, the President of the Senate, Senator Godswill Akpabio, announced at plenary that he had received two letters from President Tinubu seeking the confirmation of new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission, “in line with the provisions of the Petroleum Industry Act 2021.”

The guidelines, issued under the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation, 2024, aimed at establishing a robust framework for declaring and tracking crude oil and petroleum product exports from Nigeria, monitoring and accounting for the movement of crude oil within the country, preventing disruptions, theft and under-declaration at export terminals and ensuring that only certified and measured products are exported, supporting accurate revenue generation for the government.