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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Yusuf to Tinubu: Protect local refiners by reinstating 15% petrol duty

AN economist and former Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, says the Nigerian government should protect local petrol refiners by reinstating the suspended 15 percent duty on petroleum products. Yusuf, who is the Chief Executive Officer of the Center for the Promotion of Private Enterprise (CPPE), said this […]

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Nov 13, 2025 post

Nigerian govt suspends 15% import duty on petrol as citizens heave a sigh of relief

THE Nigerian government will no longer implement the 15 percent import duty on petroleum products earlier proposed. In a statement posted on its X handle on Thursday, Director of Public Affairs Department, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr George Ene-Ita, said: “It should also be noted that the implementation of the 15 […]