Business
FG unveils first gas trading licence, settlement authorisation
The federal government unveils the country’s first gas trading license, clearing house, and settlement authorization, poised to transform Nigeria’s gas sector. The Nigerian ...
Business
FG suspend proposed implementation of 15 percent import duty on petrol, diesel
The federal government has suspended the proposed implementation of a 15 per cent ad valorem import duty on premium motor spirit (petrol) and ...
Business
FG seek IMF support to develop transparent fuel price modulation mechanism
The federal government has sought technical support from the International Monetary Fund (IMF) to develop a transparent fuel price modulation mechanism aimed at ...
Business
Tinubu approves 15 percent import duty on petrol, diesel
President Bola Tinubu has authorized a 15 percent ad-valorem import duty on diesel and Premium Motor Spirit (PMS), commonly known as petrol. The ...
Business
Stakeholders raise alarm over emergence of black market aviation fuel
Aviation stakeholders have raised concern over the rising emergence of a black market in Nigeria’s aviation fuel (Jet A-1) supply chain, warning that ...
Business
CBN release $1.259bn for fuel importation, other related items
The Central Bank of Nigeria (CBN) has released a total sum of $1.259bn to oil sector players for the importation of petroleum products ...
