Tag: President

Oct 30
President Bola Ahmed Tinubu Approves 15% Import Duty on Diesel and Petrol Imports

President Bola Ahmed Tinubu has approved a 15% ad-valorem import duty on crude oil products—specifically diesel and premium motor spirit (PMS, commonly called petrol). Key Details The approval was communicated in a letter dated October 21, 2025, addressed to the Federal Inland Revenue Service (FIRS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). […]