July 15, 2026
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BUSINESS

Tinubu Approves 15% Import Duty on Petrol and Diesel to Protect Local Refineries, Stabilise Market

President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria — a move the Presidency says is aimed at protecting local refineries, stabilising the downstream market, and advancing the administration’s ongoing energy sector reforms. While the policy is expected to strengthen domestic refining […]