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Nigeria approves 15% import duty on petrol, diesel

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Nigeria has approved a 15% import duty on petrol and diesel, as the government seeks to protect multi-billion-dollar investments in domestic refining by curbing an influx of cheaper fuel

The measure is part of broader fiscal reforms aimed at boosting non-oil revenues ahead of planned tax changes in 2026. It follows last year’s removal of fuel subsidies and foreign exchange controls.

–Reuters–