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Tinubu okays 15% import duty...

Tinubu okays 15% import duty on petrol,...

SERAP slams FG over passport...

SERAP slams FG over passport fee hike,...

Tinubu okays 15% import duty on petrol, diesel, raising fears of price hike

Tinubu okays 15% import duty on petrol, diesel, raising fears of price hike President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (AGO), commonly referred to as diesel. The directive, contained in a letter dated October 21, 2025, and signed by Damilotun Aderemi, the President’s Private Secretary, was addressed to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). According to the letter, the approval followed...
Maryam Umar -
Business & Economy

Imminent fuel price...

The federal government on Thursday has admitted paying as much as N120 billion to subsidise the price of petrol monthly, saying the task is...
Neptune Prime -
Local

NERC approves 50...

The Nigerian Electricity Regulatory Commission (NERC) has approved an over 50 per cent hike in electricity tariff effective 1 January 2021. This is contained in...
Aisha Auyo -
Nation

Petrol Hike: This...

Nigerians on Friday described the fresh increase in the pump price of petrol as “next level hardship”. They took to the social media to criticise...
Aisha Auyo -
Agriculture

Nigerians should be...

Story from Kenneth AFOR, Lagos A Senior Economist at SM Professionals, Paul Alaje, has warned that Nigerians should be ready for a hike in food...
Neptune Prime -
Law

SERAP, 302 Nigerians...

Socio-Economic Rights and Accountability Project (SERAP) and 302 concerned Nigerians have filed a lawsuit against President Muhammadu Buhari and the leadership of the National...
Maryam Umar -
Nation

Electricity Tariff: NERC...

The Nigerian Electricity Regulatory Commission (NERC) has ordered the 11 Electricity Distribution Companies (DISCOs) to suspend the September 1 tariff increase for 14 days. The...
Salim Sani -
Local

Electricity, Fuel Hike:...

The Federal Government will on Thursday meet again with the Nigeria Labour Congress and Trade Union Congress on the threat by the organised labour...
Neptune Prime -
Nation

Petrol Price Hike:...

Former Deputy Chairman, Media and Public Affairs in the House of Representatives (2011 to 2015), Victor Afam Ogene spoke to reporters in Abuja on the recent...
Salim Sani -
Local

Protest in Osogbo...

Protesters under the aegis of Osun Civil Society Coalition have hit the streets of Osogbo capital of Osun State on Wednesday morning demanding for...
Salim Sani -
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