Tag: Economy
Tinubu Approves 15% Import Duty on Petrol, Diesel; Pump Prices Set to Rise
President Bola Tinubu has approved the immediate implementation of a 15 per cent ad-valorem import duty on petrol and diesel, a move aimed at protecting Nigeria’s burgeoning local refining industry but is expected to lead to an increase in fuel pump prices across the country. The directive was conveyed in a letter dated October 21,…