ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Energy Oil

NUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation

Victoria Emeto by Victoria Emeto
June 19, 2025
in Oil
0

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a new directive requiring all crude oil exporters to obtain a Unique Identification Number (UIN), export permit, and vessel clearance before any shipment can leave the country.

The policy, issued under the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation 2024, is part of a sweeping effort to improve transparency, combat oil theft, and reduce revenue leakages at export terminals.

In a statement released by the Commission, all pre-shipment documentation must now be processed exclusively via the NUPRC’s online platforms. These platforms will facilitate:

  • Exporter identity verification
  • Export volume validation
  • Integration of UINs into all clearance notifications

The Commission emphasized that all export documents, including the Bill of Lading, Certificate of Origin, and cargo manifest, must clearly reference the UIN to ensure full traceability and regulatory compliance.

The directive comes amid reports that Nigeria exported crude and petroleum products worth N12.96 trillion in the first quarter of 2025, even as domestic refineries face persistent feedstock shortages.

Signed by Commission Chief Executive Gbenga Komolafe, the guidelines aim to tighten control over Nigeria’s oil export value chain and close loopholes that have historically enabled under-declaration and illegal shipments.

Tags: #AdvanceCargoDeclaration#CrudeExportCompliance#NUPRCRegulation#OilTheftPrevention
Previous Post

BOI Reaffirms Support for Nigerian Artisans as Drivers of Inclusive Economic Growth

Next Post

NICArb, CIETAC Sign Landmark Deal to Boost Nigeria-China Trade Dispute Resolution

Victoria Emeto

Victoria Emeto

Next Post

NICArb, CIETAC Sign Landmark Deal to Boost Nigeria-China Trade Dispute Resolution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026

BNP Paribas Sells 25% Stake in AG Insurance to Ageas for £1.9bn

December 8, 2025

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25

Goldlink’s restructures board

10

Airtel Africa Plc gets admitted to the NSE Main Board

6

Stallion Tank Farm resumes operations

3

Oil Climbs Above $110 as Houthi Attacks on Saudi Arabia Heighten Supply Fears

October 23, 2026

Global Stocks Slide as Tesla, Meta Earnings Reignite AI Spending Concerns

October 23, 2026

NCC Tightens Compliance Rules for SIM-Enabled Devices, Warns Importers and Dealers

October 23, 2026

NCC Vows Sanctions Against Telecom Operators Over Poor Call Quality, Service Failures

October 23, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • West Africa
  • World

Recent News

Oil Climbs Above $110 as Houthi Attacks on Saudi Arabia Heighten Supply Fears

October 23, 2026

Global Stocks Slide as Tesla, Meta Earnings Reignite AI Spending Concerns

October 23, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!