Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    UK Court Acquits Diezani Alison-Madueke of Bribery Charges

    June 17, 2026

    CBN Hikes Interest Rates on Treasury Bills to 17.34%

    June 17, 2026

    Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High

    June 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • UK Court Acquits Diezani Alison-Madueke of Bribery Charges
    • CBN Hikes Interest Rates on Treasury Bills to 17.34%
    • Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High
    • Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment
    • IMF: FG Dismisses Report on New Telecom, Fuel Taxes
    • G7 leaders to Discuss Global Economic Recovery
    • South Africa’s Inflation Rises to 4.5% in May
    • Crude Oil Prices Fall Below $80 as Supply Risk Eases
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, June 17
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » Uncategorized » NUPRC Issues New Guidelines for Advanced Cargo Declaration

    NUPRC Issues New Guidelines for Advanced Cargo Declaration

    Marketforces AfricaBy Marketforces AfricaJune 19, 2025Updated:June 19, 2025 Uncategorized No Comments3 Mins Read
    NUPRC Issues New Guidelines for Advanced Cargo Declaration
    Gbenga Kimolafe, NUPRC Chief
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NUPRC Issues New Guidelines for Advanced Cargo Declaration

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released new guidelines for the advanced cargo declaration regime, aimed at enhancing transparency, accountability, and efficiency in Nigeria’s crude oil and petroleum exports.

    A statement by the commission on Wednesday said the review was endorsed by the commission chief executive, Mr Gbenga Komolafe, on June 17. The guidelines, issued under the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation 2024, are designed to establish a robust framework for declaring and tracking crude oil and petroleum product exports from Nigeria.

    They monitor and account for the movement of crude oil within the country, preventing disruptions, theft, and under-declaration at export terminal. They also ensure that only certified and measured products are exported, supporting accurate revenue generation for the government.

    Komolafe said that the regulations applied to licences and leases granted or preserved under the Petroleum Industry Act (PIA) 2021, covering crude oil and natural gas. He said that it also covers natural gas liquids and petroleum products exported from all terminals and export points in Nigeria.

    “Under the revised regime, exporters must obtain an export permit, vessel clearance and a Unique Identification Number (UIN) through the NUPRC’s online platforms before any shipment.

    “The Commission will validate the identity of exporters and verify export volumes before issuing clearance notifications, which will be embedded with a UIN for tracking.

    “All relevant export documents, including the Bill of Lading, Certificate of Origin and cargo manifest, must reference the UIN, ensuring traceability and compliance, ” he said.

    The NUPRC boss said that Advance Cargo Declaration Portal was a real-time, technology-driven system that integrates seamlessly with other government export systems.

    “It allows real-time tracking and reconciliation of crude oil exports, immediate upload of export documentation within 24 hours of cargo loading and enhanced data integrity and transparency across the export chain,” he said.

    He said that the guidelines empowered the NUPRC to refuse vessel clearance applications that were incomplete, inadequately documented or contain false information.

    According to him, said based on the guidelines, exporters found to be in violation may face administrative fines and sanctions.

    He said that it reinforced the commission’s commitment to regulatory compliance and sector integrity.

    Komolafe said that the initiatives aligned with the commission’s mandate to maximise government revenues, minimise waste and ensure optimal regulatory oversight in line with the PIA.

    He said that the new system was part of broader efforts to modernise Nigeria’s oil and gas sector and curb losses due to theft and under-reporting.

    The new guidelines represent a significant step toward a more transparent, accountable, and efficient oil export regime in Nigeria.

    By leveraging technology, robust validation and strict documentation protocols, the commission is addressing long-standing challenges of opacity, losses and inefficiency in the sector. #NUPRC Issues New Guidelines for Advanced Cargo Declaration Equities Investors’ Portfolio Value Rises by N512bn as Heavyweights Rally

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    DisCos Meter 241,590 Customers in 2 Months –NERC

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    CBN FX Intervention Declines by 83% to $150m in April

    Yusuf Buhari Gets Automatic APC Ticket to Seek Reps Seat

    PTAD Clears N32,000 Pension Arrears for DBS Retirees

    Add A Comment

    Comments are closed.

    Editors Picks

    UK Court Acquits Diezani Alison-Madueke of Bribery Charges

    June 17, 2026

    CBN Hikes Interest Rates on Treasury Bills to 17.34%

    June 17, 2026

    Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High

    June 17, 2026

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    June 17, 2026

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    June 17, 2026
    Latest Posts

    DisCos Meter 241,590 Customers in 2 Months –NERC

    May 22, 2026

    Investors Trade 1.68bn Shares worth N109.4bn on NGX

    May 13, 2026

    Hormuz Closure: Trump Dismisses Iran’s Offer as Oil Prices Surge

    May 11, 2026

    CBN FX Intervention Declines by 83% to $150m in April

    May 4, 2026

    Yusuf Buhari Gets Automatic APC Ticket to Seek Reps Seat

    May 2, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.