5% Fuel Surcharge Starts November 1 - FIRS
Nigerians brace for increased fuel costs as FIRS Chairman Taiwo Oyedele reveals new 5% import surcharge implementation timeline and tax reform plans.
Category : Search result: petroleum market
NGX Gains ₦285BN as Market Stages Impressive Comeback
The Nigerian Exchange Limited staged an impressive recovery, adding ₦285 billion in market capitalization as banking and insurance stocks led a bullish charge, reversing previous losses and signaling renewed investor confidence.
US Must Counter China's Rare Earth Dominance with Market Tactics
Strategic minerals expert warns America needs urgent market interventions to counter China's dominance in rare earth metals critical for defense and green technology.
FG imposes 15% tariff on imported fuel, prices to rise
Nigerians face higher fuel costs as Federal Government introduces 15% levy on imported petroleum products. Learn how this tariff will impact petrol and diesel prices across the country.
Asian Markets Rally on Apple, Amazon Earnings
Asian markets surge following impressive earnings from tech giants Apple and Amazon. Get insights on market trends, currency movements, and economic indicators shaping regional economies.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
Fuel Tanker Crash in Ibadan - 33,000 Litres Spill
A major disaster was narrowly avoided in Ibadan when a petrol tanker loaded with 33,000 litres of fuel crashed in the Ologuneru area. Emergency services responded swiftly to prevent explosion and environmental contamination.
APC's Emami Warns Against 15% Fuel Import Tariff
Prominent APC leader Henry Emami raises urgent concerns about Nigeria's planned 15% fuel import levy, predicting severe economic consequences including higher transportation costs and increased inflation for ordinary Nigerians.
Tinubu imposes 15% tariff on imported fuel
President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.
Tinubu Cuts Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost Nigeria's energy sector.
Tinubu Cuts Fuel Import Duties - Price Impact
In a major economic move, President Bola Tinubu has approved a 15% import duty reduction on petroleum products. Discover how this decision could affect fuel prices across Nigeria.
Tinubu Slashes Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Naira Soars to 10-Month High Against Dollar
The Nigerian Naira experiences remarkable recovery, reaching its strongest position in 10 months as dollar exchange rates plummet across official and parallel markets.
Nigeria loses N6tr yearly to opaque oil deals - NEITI
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Asia Markets Watch Trump-Xi G20 Meeting
Asian stock markets showed cautious trading as investors await the crucial meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 summit. Get the latest analysis on market movements and economic implications.
FMCG Stocks Surge 200% in Nigerian Market Rally
Nigeria's FMCG sector experiences massive recovery as leading stocks deliver unprecedented returns, with some companies posting over 200% growth amid improved market conditions.
Oil Marketers Warn Against Monopoly in Nigeria
Major petroleum marketers in Nigeria are raising concerns about market dominance and calling for transparent access to facilities to ensure fair competition in the downstream oil sector.
Samsung Profits Jump 32% in Q1 2024
Samsung Electronics reports impressive 32% profit surge in first quarter 2024, driven by AI boom and memory chip recovery. Find out how the Korean tech titan is beating expectations.
Nvidia Hits $5 Trillion - First Company Ever!
Nvidia don break all records for global market as e become first company wey reach $5 trillion valuation. See how dis AI chip maker dey change the tech world.
Students Demand Full Crude Allocation to Dangote Refinery
Nigerian student groups are urging President Tinubu to prioritize domestic refining by allocating all crude oil to Dangote Refinery, promising cheaper fuel and economic revival.
Students Demand Local Crude Allocation to Refineries
Nigerian students unite in calling for domestic crude oil allocation to boost local refining capacity and tackle fuel scarcity crisis.
Nvidia Makes History as First $5 Trillion Company
Nvidia makes history as first company to hit $5 trillion market value, driven by AI revolution and massive demand for its chips. Nigerian tech community watches closely.
Economic Saboteurs Threaten Dangote Refinery - NAPS
The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.
Asian Markets Join Wall Street's Record Tech Rally
Asian stock markets joined Wall Street's record-breaking rally as technology shares continue their impressive bull run. Discover which markets and tech giants are driving this global surge.
Sanusi: Delayed Subsidy Removal Caused Economic Crisis
Former CBN Governor Lamido Sanusi exposes how postponed fuel subsidy elimination triggered Nigeria's current economic hardship during Kaduna book launch.
NGX Loses N91bn as Investors Cash Out
The Nigerian Exchange witnessed significant profit-taking activities this week, resulting in a staggering N91 billion decline in market capitalization amid mixed trading sessions.
Boko Haram Forced Jonathan to Keep Fuel Subsidy - Sanusi
Former CBN Governor Sanusi Lamido Sanusi reveals how Boko Haram insurgency compelled President Goodluck Jonathan to reverse fuel subsidy removal in 2012, exposing the intricate link between terrorism and economic policy in Nigeria.
16 Vessels with Petroleum Set for Lagos Ports Arrival
Significant economic boost expected as 16 vessels carrying petroleum products, general cargo, and containers prepare to dock at Lagos ports this week, enhancing Nigeria's supply chain.
Nigeria Stock Market Loses ₦90B in Single Day
Nigeria's equity market extends losing streak as investors watch ₦90 billion vanish in Tuesday's trading session. Key stocks plunge amid sustained bearish pressure.
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