Diesel Price Jumps 86% in One Year, Hits N3,277/Litre – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigerians faced mounting energy costs in May as the average retail price of diesel surged by 86.4 per cent year-on-year to N3,277.47 per litre, the highest increase recorded among the country’s major petroleum products. The NBS latest Price Watch report on Monday showed that diesel, […]
Dangote Refinery Denies Fuel Export, Re-Import Claims
By Mardiyyah Abubakar Dangote Petroleum Refinery and Petrochemicals has dismissed claims that its petroleum products are exported to Lomé and later re-imported into Nigeria. In a statement, the company described the allegation as misleading and unsupported by facts, trade data, or commercial realities. Although the refinery said it does not usually respond to baseless claims, […]
FG Denies Plans for New Telecoms, Fuel Taxes
By Oluwakemi Kindness The Federal Government has dismissed reports claiming it has introduced or is considering new taxes on telecommunications services and petroleum products, describing the claims as a misrepresentation of recommendations contained in the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. In a statement issued on Tuesday, the Federal Ministry of […]