Refiners seek 25% tariff on imported petrol to curb dumping

    Oladehinde Oladipo | Top Stories | Sep 09, 2025    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
2661
times

Nigeria’s fledgling refining industry has urged lawmakers to impose a sweeping 25 percent tariff on imported petrol, warning that without urgent protection from what they describe as 'dumping' of foreign fuel, billions of dollars of domestic investments could be stranded.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Markets
From Lagos to New York: Inside Segun Agbaje’s N8.5bn multi-currency stock portfolio
Few African corporate titans have managed to anchor themselves as firmly in the local financial ecosystem while simultaneously projecting their influence into the ultra-competitive arenas of global Western commerce. 
Iheanyi Nwachukwu | Jun 12, 2026
Economy
The nineties class of Democracy: Where Nigeria stands among peers
In the closing decade of the twentieth century, Africa began dismantling old certainties. Military juntas that had ruled by decree packed away their fatigues. One-party states loosened their grip and rewrote constitutions.
Taofeek Oyedokun and Faith Omoboye | Jun 12, 2026
Technology
Gas-rich Nigeria missing out on big tech AI boom
For decades, Nigeria has flared billions of dollars' worth of natural gas into the atmosphere, a symbol of misaligned incentives, underdeveloped infrastructure, and chronic underinvestment.
Folake Balogun | Jun 09, 2026
Pensions
Pension reform stalls as states shift focus to politics
The implementation of pension reforms across Nigerian states suffered a significant setback in the fourth quarter of 2025 as political calculations ahead of the 2027 general elections increasingly overshadowed governance priorities.
Modestus Anaesoronye | Jun 08, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad