FG Suspends Implementation of 15% Import Duty on Petrol, Diesel

The Federal Government has put a hold on its earlier plan to introduce a 15 percent import levy on petrol and diesel, a move that had sparked concerns among industry players and consumers. In an official statement released on Thursday, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) confirmed the suspension, reassuring Nigerians of […]

FIRS Defends Tinubu Government’s Borrowing Strategy: Debt Is Part of National Ecosystem

In a recent press briefing, Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), defended the Nigerian government’s borrowing strategy, emphasizing that debt is a legitimate component of the nation’s fiscal framework. Adedeji addressed concerns over the administration’s borrowing practices, asserting that borrowing is not inherently problematic but rather a standard element of national […]