Petrol price cut: Dangote refinery and marketers disagree over reason for drop
Dangote Refinery and Nigerian petroleum marketers have offered differing explanations for the recent drop in petrol prices.
Petrol
FG suspends 15% import duty on petrol, diesel — NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the proposed 15% import duty on petrol and diesel will no longer be implemented, assuring Nigerians of sufficient fuel supply.
Oyedele announces 50 tax exemptions and incentives for Nigerians
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has unveiled 50 new tax exemptions and reliefs taking effect in 2026 to ease the burden on low-income earners, small businesses, and promote a fairer, more inclusive tax system.
Petrol price may rise to N1,163 per litre as FG seeks N4.8tr annual revenue from new tariff
The Nigerian government’s proposed 15 per cent import duty and 7.5 per cent VAT on fuel could raise annual revenue by N4.8 trillion while pushing petrol prices from around N950 to N1,163.75 per litre.
Fuel tax on hold till naira strengthens, oil price drops – Oyedele
Taiwo Oyedele says the proposed 5% fuel surcharge will not begin until the naira strengthens or oil prices fall, to avoid worsening Nigerians’ financial hardship.
FG assures Nigerians abroad: No tax on remittances or overseas income
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians abroad that diaspora remittances and overseas income will not be taxed under the country’s new fiscal reforms.
FG launches public finance overhaul ahead of January tax reforms
The Federal Government has initiated sweeping public finance reforms—including digital systems, institutional restructuring, and a unified revenue agency—to enhance transparency and revenue mobilisation ahead of a new tax regime beginning in January.
Reports: Foreign investors express frustration with Taiwo Oyedele
Foreign investors left a Standard Chartered investor call with Taiwo Oyedele disappointed over Nigeria’s new tax policy, describing his tone as “ideological” and “socialist.”
All you need to know about Nigeria’s new tax law — Q&A
This explainer provides clear answers to key questions about Nigeria’s new tax law, outlining its major provisions, implications, and how it affects individuals and businesses.
Oyedele: Nigerians abroad won’t pay tax on pensions, stipends, or remote earnings
Taiwo Oyedele says Nigerians abroad will not pay taxes on their foreign-sourced pensions, stipends, or remote income as part of ongoing fiscal reforms.